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“The book could be used as a textbook or simply to help structure a presentation on blockchain. … I think that the book achieves its objectives: to explain to a nontechnical audience what the blockchain is, how it works, and where it can be applied. It should also allow the reader to understand a lot of the hype that surrounds blockchain and to differentiate the ways in which the term is used.” (Computing Reviews, October, 2017)

Stage 1: Terminology and Technical Foundations.-

Step 1: Thinking in Layers and Aspects.-

Step 2: Seeing the Big Picture.-

Step 3: Recognizing the Potential.-

Stage 2: Why the Blockchain Is Needed.-

Step 4: Discovering the Core Problem.-

Step 5: Disambiguating the Term.-

Step 6: Understanding the Nature of Ownership.-

Step 7: Spending Money Twice.-

Stage 3: How the Blockchain Works.-

Step 8: Planning the Blockchain.-

Step 9: Documenting Ownership.-

Step 10: Hashing Data.-

Step 11: Hashing in the Real World.-

Step 12: Identifying and Protecting User Accounts.-

Step 13: Authorizing Transactions.-

Step 14: Storing Transaction Data.-

Step 15: Using the Data Store.-

Step 16: Protecting the Data Store.-

Step 17: Distributing the Data Store Among Peers.-

Step 18: Verifying and Adding Transactions.-

Step 19: Choosing a Transaction History.-

Step 20: Paying for Integrity.-

Step 21: Bringing the Pieces Together.-

Stage 4: Limitations and Their Solutions.-

Step 22: Seeing the Limitations.-

Step 23: Reinventing the Blockchain.-

Stage 5: Using the Blockchain, Summary, and Outlook

Step 24: Using the Blockchain.-

Step 25: Summarizing and Going Further.-

Bibliography.-

In 25 concise steps, you will learn the basics of blockchain technology. No mathematical formulas, program code, or computer science jargon are used. No previous knowledge in computer science, mathematics, programming, or cryptography is required. Terminology is explained through pictures, analogies, and metaphors.

This book bridges the gap that exists between purely technical books about the blockchain and purely business-focused books. It does so by explaining both the technical concepts that make up the blockchain and their role in business-relevant applications.

What You'll Learn

What the blockchain is
Why it is needed and what problem it solves
Why there is so much excitement about the blockchain and its potential
Major components and their purpose
How various components of the blockchain work and interact
Limitations, why they exist, and what has been done to overcome them
Major application scenarios
Who This Book Is For

Everyone who wants to get a general idea of what blockchain technology is, how it works, and how it will potentially change the financial system as we know it