Blockchain for Business

Blockchain for Business
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Описание книги

The book focuses on the power of business blockchain. It gives an overview of blockchain in traditional business, marketing, accounting and business intelligence. The book provides a detailed working knowedge of blockchain, user cases of blockchain in business, cryptocurrency and Initial Coin Offering(ICO) along with the risks associated with them. The book also covers the detailed study of decentralization, mining, consensus, smart contracts, concepts and working of distributed ledgers and hyper ledgers as well as many other important concepts. It also details the security and privacy aspects of blockchain. The book is beneficial for readers who are preparing for their business careers, those who are working with small scale businesses and startups, and helpful for business executives, managers, entrepreneurs, bankers, government officials and legal professionals who are looking to blockchain for secure financial transactions. The book will also be beneficial for researchers and students who want to study the latest developments of blockchain.

Оглавление

Группа авторов. Blockchain for Business

Table of Contents

List of Table

List of Illustrations

Guide

Pages

Blockchain for Business. How It Works and Creates Value

Preface

1. Introduction to Blockchain

1.1 Introduction

1.1.1 Public Blockchain Architecture

1.1.2 Private Blockchain Architecture

1.1.3 Consortium Blockchain Architecture

1.2 The Privacy Challenges of Blockchain

1.3 De-Anonymization

1.3.1 Analysis of Network

1.3.2 Transaction Fingerprinting

1.3.3 DoS Attacks

1.3.4 Sybil Attacks

1.4 Transaction Pattern Exposure

1.4.1 Transaction Graph Analysis

1.4.2 AS-Level Deployment Analysis

1.5 Methodology: Identity Privacy Preservation

1.5.1 Mixing Services

1.5.2 Ring Signature

1.6 Decentralization Challenges Exist in Blockchain

1.7 Conclusion

1.8 Regulatory Challenges

1.9 Obstacles to Blockchain Regulation

1.10 The Current Regulatory Landscape

1.11 The Future of Blockchain Regulation

1.12 Business Model Challenges

1.12.1 Traditional Business Models

1.12.2 Manufacturer

1.12.3 Distributor

1.12.4 Retailer

1.12.5 Franchise

1.13 Utility Token Model

1.13.1 Right

1.13.2 Value Exchange

1.13.3 Toll

1.13.4 Function

1.13.5 Currency

1.13.6 Earning

1.14 Blockchain as a Service

1.15 Securities

1.16 Development Platforms

1.17 Scandals and Public Perceptions

1.17.1 Privacy Limitations

1.17.2 Lack of Regulations and Governance

1.17.3 Cost to Set Up

1.17.4 Huge Consumption of Energy

1.17.5 Public Perception

References

2. The Scope for Blockchain Ecosystem

2.1 Introduction

2.2 Blockchain as Game Changer for Environment

2.3 Blockchain in Business Ecosystem

2.3.1 Business Ecosystem

2.3.1.1 What Is Business Model?

2.3.1.2 Business Model—Traditional

2.3.2 Are Blockchain Business Models Really Needed?

2.3.2.1 Blockchain Business Model

2.3.2.2 Model 1: Utility Token Model

2.3.2.3 Model 2: BaaS

2.3.2.4 Model 3: Securities

2.3.2.5 Model 4: Development Platforms

2.3.2.6 Model 5: Blockchain-Based Software Products

2.3.2.7 Model 6: Blockchain Professional Services

2.3.2.8 Model 7: Business Model—P2P

2.4 Is Blockchain Business Ecosystem Profitable?

2.5 How Do You “Design” a Business Ecosystem?

2.6 Redesigning Future With Blockchain

2.6.1 Is Earth Prepared for Blockchain?

2.7 Challenges and Opportunities

References

3. Business Use Cases of Blockchain Technology

3.1 Introduction to Cryptocurrency

3.2 What is a Bitcoin?

3.2.1 Bitcoin Transactions and Their Processing

3.2.2 Double Spending Problem

3.2.3 Bitcoin Mining

3.3 Bitcoin ICO

3.3.1 ICO Token

3.3.2 How to Participate in ICO

3.3.3 Types of Tokens

3.4 Advantages and Disadvantages of ICO

3.5 Merchant Acceptance of Bitcoin

References

4. Ethereum

4.1 Introduction

4.2 Basic Features of Ethereum

4.3 Difference between Bitcoin and Ethereum

4.4 EVM (Ethereum Virtual Machine)

4.5 Gas

4.5.1 Gas Price Chart

4.6 Applications Built on the Basis of Ethereum

4.7 ETH

4.7.1 Why Users Want to Buy ETH?

4.7.2 How to Buy ETH?

4.7.3 Alternate Way to Buy ETH

4.7.4 Conversion of ETH to US Dollar

4.8 Smart Contracts

4.8.1 Government

4.8.2 Management

4.8.3 Benefits of Smart Contracts

4.8.4 Problems With Smart Contracts

4.8.5 Solution to Overcome This Problem

4.8.6 Languages to Build Smart Contracts

4.9 DApp (Decentralized Application or Smart Contract)

4.9.1 DApp in Ethereum

4.9.2 Applications of DApps

4.10 Conclusion

References

5. E-Wallet

5.1 Introduction to Wallet Technology

5.2 Types of Wallet. 5.2.1 Paper

5.2.2 Physical Bitcoins

5.2.3 Mobile

5.2.4 Web

5.2.5 Desktop

5.2.6 Hardware

5.2.7 Bank

5.3 Security of Bitcoin Wallets

5.4 Workings of Wallet Technology

5.5 Create HD Wallet From Seed

5.5.1 Initiation

5.5.2 Steps for Creating an HD Wallet From a 24-Word Seed Phrase Through Particl-qt Tool

5.5.3 Steps for Encrypting the HD Wallet

5.5.4 Utilization

5.5.5 Steps for Generating Address to Access Transactions on the HD Wallet

5.6 Navigating HD Wallet

5.7 Conclusion

References

6. Blockchain and Governance: Theory, Applications and Challenges

6.1 Introduction

6.2 Governance: Centralized vs Decentralized

6.3 Blockchain’s Features Supportive of Decentralization

6.4 Noteworthy Application Areas for Blockchain-Based Governance

6.4.1 Public Service Governance

6.4.2 Knowledge and Shared Governance

6.4.3 Governance in Supply Chain

6.4.4 Governance of Foreign Aid

6.4.5 Environmental Governance

6.4.6 Corporate Governance

6.4.7 Economic Governance

6.5 Scopes and Challenges

6.6 Conclusion

References

7. Blockchain-Based Identity Management

7.1 Introduction

7.2 Existing Identity Management Systems and Their Challenges

7.3 Concept of Decentralized Identifiers

7.4 The Workflow of Blockchain Identity Management Systems

7.5 How Does it Contribute to Data Security?

7.6 Trending Blockchain Identity Management Projects

7.7 Why and How of Revocation

7.8 Points to Ponder

7.8.1 Comparison Between Traditional and Blockchain-Based Identity Management Systems

7.9 Conclusion

References

8. Blockchain & IoT: A Paradigm Shift for Supply Chain Management

8.1 Introduction

8.2 Supply Chain Management

8.2.1 The Aspects of a Supply Chain

8.2.2 Supply Chain Performance Dimensions

8.2.3 Supply Chain Migration Towards Digitalization

8.3 Blockchain and IoT

8.3.1 What Makes Blockchain Suitable for SCM?

8.3.1.1 Shared Ledger

8.3.1.2 Permissions

8.3.1.3 Consensus

8.3.1.4 Smart Contracts

8.3.2 The Role of Blockchain in Achieving the SCM Performance Dimensions

8.3.3 The Role of IoT in the Implementation of Blockchain Technology

8.4 Blockchain Technology and IoT Use Cases in Supply Chain Management

8.5 Benefits and Challenges in Blockchain-Based Supply Chain Management

8.6 Conclusion

References

9. Blockchain-Enabled Supply Chain Management System

9.1 Introduction

9.1.1 Supply Chain Management

9.2 Blockchain Technology

9.3 Blockchain Technology in Supply Chain Management

9.4 Elements of Blockchain That Affects Supply Chain

9.4.1 Bitcoin

9.5 Challenges in Implementation of Blockchain-Enabled Supply Chain

9.6 Conclusion

References

10. Security Concerns of Blockchain

10.1 Introduction: Security Concerns of Blockchain

10.2 Cryptocurrencies Scenarios

10.3 Privacy Challenges of Blockchain. 10.3.1 Protection Problems in Blockchain

10.3.2 Privacy-Preserving Mechanisms Analysis

10.3.3 Data Anonymization-Mixing

10.4 Decentralization in Blockchain

10.4.1 Role of Decentralization in Blockchain

10.4.2 Analysis of PoS and DPoS

10.4.3 Problems With Decentralization

10.4.4 Decentralization Recovery Methods

10.5 Legal and Regulatory Issues in Blockchain

10.5.1 Legal Value of Blockchain and its Problems

10.6 Smart Contracts

10.7 Scandals of Blockchain

10.7.1 Blockchain Technologies as Stumbling Blocks to Financial Legitimacy

10.8 Is Blockchain the Rise of Trustless Trust?

10.8.1 Why Do We Need a System of Trust?

10.9 Blockchain Model Challenges

References

11. Acceptance and Adoption of Blockchain Technology: An Examination of the Security & Privacy Challenges

11.1 Introduction

11.1.1 Research Methodology

11.1.2 Analysis

11.2 Security Issues of Blockchain. 11.2.1 The Majority Attack (51% Attacks)

11.2.2 The Fork Problems

11.2.2.1 Hard Fork

11.2.2.2 Soft Fork

11.2.3 Scale of Blockchain

11.2.4 Time Confirmation of Blockchain Data—Double-Spend Attack/Race Attack

11.2.5 Current Regulations Problems

11.2.6 Scalability and Storage Capacity

11.2.7 DOS Attack/Sybil Attack/Eclipse Attack/Bugs

11.2.8 Legal Issues

11.2.9 Security of Wallets

11.2.10 The Increased Computing Power

11.3 Privacy Challenges of Bitcoin

11.3.1 De-Anonymization

11.3.1.1 Network Analysis

11.3.1.2 Address Clustering

11.3.1.3 Transaction Finger Printing

11.3.2 Transaction Pattern Exposure

11.3.2.1 Transaction Graph Analysis

11.3.2.2 Autonomous System-Level Deployment Analysis

11.4 Blockchain Application-Based Solutions

11.4.1 Bitcoins

11.4.2 IoT

11.4.2.1 MyBit

11.4.3 Aero Token

11.4.4 The Chain of Things

11.4.5 The Modum

11.4.6 Twin of Things

11.4.7 The Blockchain of Things

11.4.8 Blockchain Solutions: Cloud Computing

11.5 Conclusion and Future Work

References

12. Deficiencies in Blockchain Technology and Potential Augmentation in Cyber Security

12.1 Introduction

12.2 Security Issues in Blockchain Technology

12.3 Privacy Challenges

12.3.1 BGP Hijacking Attack

12.3.2 BDoS (Blockchain Denial of Service)

12.3.3 Forcing Other Miners to Stop Mining

12.4 Decentralization Challenges

12.5 Regulatory Challenges

12.5.1 Principles to Follow While Regulating

12.5.1.1 Flexible to Legal Innovation

12.5.1.2 Experimentation Should be Encouraged

12.5.1.3 Focus on the Immediate Implications

12.5.1.4 Regulators Should Engage in a Transnational Conversation

12.5.2 Regulatory Strategies

12.5.2.1 Wait-and-See

12.5.2.2 Imposing Narrowing and Broadening Guidance

12.5.2.3 Sandboxing

12.5.2.4 Issue a New Legislation

12.5.2.5 Use Blockchain in Regulation

12.6 Business Model Challenges

12.7 Scandals and Public Perception

12.8 Why Blockchain is Trustless

12.8.1 Trust Mechanism

12.8.2 Anonymity

12.8.3 Use in Digital Wallets

12.8.4 Forgery Resistance

12.9 Use of Blockchain in Cybersecurity

12.9.1 Blockchain Database

12.9.2 DNS Security

12.9.3 IoT Security

12.9.4 DDoS Prevention

12.9.5 CDN (Content Delivery Network)

12.9.6 SMS Authentication

References

13. Internet of Things and Blockchain

13.1 History of ‘Internet of Things’

13.2 IoT Devices

13.3 Sensors and Actuators

13.4 Cloud and Haze-Based Engineering

13.5 Blockchain and IoT

13.6 Edge Computing

13.7 Contextual Analyses

13.8 Fate of Blockchain and IoT

References

14. Blockchain Applications

14.1 Introduction to Blockchain

14.1.1 Uses of Blockchain in Administration

14.2 Blockchain in Big Data Predictive Task Automation

14.2.1 How Can Blockchain Help Big Data?

14.2.2 Blockchain Use Cases in Big Data

14.3 Digital Identity Verification

14.3.1 Why Digital Identity Matters?

14.3.2 Blockchain (Definition and its Features)

14.3.3 Why do we Need Blockchain in Digital Identity?

14.3.4 How Does a Blockchain Work?

14.3.5 Why is a Blockchain Secure?

14.3.6 What’s Blockchain Identification Management?

14.3.7 Advantages

14.4 Blockchain Government

14.4.1 Decentralized Government Services

14.4.2 Liquid Democracy and Random Sample Election

14.5 Blockchain Science. 14.5.1 FoldingCoin

14.5.2 GridCoin (GRC)

14.5.3 Global Public Health

14.5.4 Bitcoin Genomics

14.6 Blockchain Health

14.6.1 Health Coin

14.6.2 EMR on Blockchain

14.6.3 Bit Coin Health Notary

14.7 Blockchain Learning. 14.7.1 Bitcoin MOOCs

14.7.2 Smart Contract Literacy

14.7.3 LearnCoin

References

15. Advance Concepts of Blockchain

15.1 Community Supercomputing

15.2 Blockchain Genomics

15.3 Blockchain Learning

15.4 Community Coin

15.4.1 Monetary and Non-Monetary Currencies

15.4.2 Difference Between Monetary and Non-Monetary Assets

15.4.3 Currency Multiplicity

15.4.4 List of Some Prominent Alternate Coins is Given Below

15.5 Demurrage Currencies

Reading List

Index

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Apart from this, within a blockchain, data is shared across every node or participants of the network, each maintaining a full replica of the database. This case makes the situation more difficult as the real owner of the blockchain couldn’t be determined or is quite difficult to be judge it for the already created blockchain [12−14]. This scenario presents a challenge where intellectual property is concerned, making it strenuous to determine the author or owner of the data.

Privacy is another great challenge for regulators of blockchain. Transactions are linked completely and solely to a network account address rather than a personal identification (PI number), apparently ensuring privacy. However, if a connection between the two node are made and on the same side it revealed, the protection of an individual(s) privacy is no longer exists [16].

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