©  Daniel Drescher 2017

Daniel Drescher, Blockchain Basics, 10.1007/978-1-4842-2604-9_8

8. Planning the Blockchain

The basic concepts of managing ownership with the blockchain

Daniel Drescher

(1)Frankfurt am Main, Germany

The preceding steps uncovered the relation between trust, integrity, purely distributed peer-to-peer systems, and the blockchain. As a result, you now have a good understanding of what the blockchain is, why it is needed, and what problem it solves. However, you still do not know how the blockchain works internally. This step provides a first impression of how the blockchain works by explaining the general application scenario that will guide you through the succeeding steps. It also highlights the major tasks in designing a blockchain ...

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