July 2019
Beginner to intermediate
84 pages
1h 48m
English
book
Getting Started with Enterprise Blockchain
by Michael Bradley, David Gorman, Matt Lucas, Matthew Golby-Kirk
Content preview from Getting Started with Enterprise Blockchain
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
Chapter 2. Identifying When to Use Blockchain
In this chapter we look at when to use blockchain as a solution. We saw in Chapter 1 that blockchain is a shared, distributed, and permissioned ledger that records transactions across a business network. There are some specific requirements of a scenario that make it particularly suited to using blockchain, and we will explore those in this chapter.
First, we’ll identify the types of issues business networks are facing, before looking at the criteria we use to determine whether blockchain makes a good technology fit to solve those issues.
Identifying Issues in the Business Network
It is important to have a clear idea of the scenario’s requirements, and to know which issues you are trying to solve. This might seem obvious, but with any new technology—and particularly a well-hyped one—there is often a temptation to jump to an implementation without a lot of thought about the problems it aims to solve.
Businesses act for several reasons. Most commonly, they are going after a new market (for example, opening trade finance opportunities to small/medium enterprises), or trying to remove cost or inefficiencies from a business process (for example, removing intermediaries). Identifying the issues and expressing them in terms of the expected gain (or return on investment) is the first step to a successful project.
Let’s return to IBM’s Global Financing blockchain solution introduced in Chapter 1. They identified that within this business network ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Read now
Unlock full access
More than 5,000 organizations count on O’Reilly
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.