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Blockchain for Decision Makers

You're reading from Blockchain for Decision Makers

Product type Book

Published in Sep 2019

Publisher

ISBN-13 9781838552275

Pages 184 pages

Edition 1st Edition

Languages

Concepts

Author (1):

Romain Tormen

Table of Contents (16) Chapters

Title Page

Copyright and Credits

Blockchain for Decision Makers

About Packt

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Contributors

Preface

1. Basics of Blockchains and the Illustration of Village Beta

2. A Technical Dive into Blockchain

3. Ethereum and Smart Contracts

4. ICOs and Tokenized Fundraising Methods

5. An Economic and Historical Approach of Blockchain

6. Blockchain Legality, Compliance, and Regulation

7. Blockchain for the Business World and Achievements

8. Future Outlook for Blockchain

9. Infrastructures and Cloud-Based Solutions

10. Defining Your Needs

1. Other Books You May Enjoy

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Understanding the data structure

A blockchain can also be defined as a sequence of blocks containing data that are chained together. There are two types of data:

Transactions
Block information (also called metadata)

The transaction section is built by gathering all of the transactions that happened in a certain period of time and gathered in the block. If I send you one Bitcoin, this transaction will be part of the transaction section. Three fields are consistently active:

The recipient
The sender
The amount

When I send you one Bitcoin using the Bitcoin blockchain, the transaction is composed as follows:

The recipient is your account (your Bitcoin address).
The sender is my account (my Bitcoin address).
The amount is 1 Bitcoin.

An example of a Bitcoin address is 3QSuhbsJUZJRgYX965CwMHgsdaU8KuTg4H.

Once all of the transactions are filled in the block, the block is hashed...

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Authors (1)

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.

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