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You're reading from  Blockchain for Decision Makers

Product typeBook
Published inSep 2019
Publisher
ISBN-139781838552275
Edition1st Edition
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Author (1)
Romain Tormen
Romain Tormen
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Romain Tormen

Romain Tormen is a senior consultant for PwC, a worldwide consulting firm. He has experienced digital transformation within several industries and different business units. Specialized in emerging technologies, he promotes to his clients the use of blockchain for better transaction security, transparency, disintermediation, and third-parties authentication. As a contributing writer for one of the most-read tech-oriented website hackernoon, Romain gives business insights and provides use-cases for a broad range of industries.
Read more about Romain Tormen

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Summary

All in all, a blockchain is the combination of several instruments that come together to provide an infrastructure to exchange digital value and assert the truth without the need of a central entity.

As discussed throughout this chapter, a blockchain is composed of a network of users, nodes, and miners that respectively send/receive, store, and validate transactions. Cryptography (and more specifically hash functions) is used in this configuration to create an output (a hash) that refers to any kind of digital information, for example, to refer to a batch of transactions. Blocks cluster these transactions and include metadata associated with the block itself such as the previous hash, the timestamp, and the nonce. Public and private keys provide a way to efficiently manage identities in the digital world and more specifically in the network. In a blockchain...

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Blockchain for Decision Makers
Published in: Sep 2019Publisher: ISBN-13: 9781838552275

Author (1)

author image
Romain Tormen

Romain Tormen is a senior consultant for PwC, a worldwide consulting firm. He has experienced digital transformation within several industries and different business units. Specialized in emerging technologies, he promotes to his clients the use of blockchain for better transaction security, transparency, disintermediation, and third-parties authentication. As a contributing writer for one of the most-read tech-oriented website hackernoon, Romain gives business insights and provides use-cases for a broad range of industries.
Read more about Romain Tormen