Blockchain Basics: A Non-Technical Introduction in 25 Steps

©  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 Drescher¹ 

(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 ...