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The Pragmatic Guide to Driving Value and Disrupting Markets with Blockchain
"Blockchain’s potential to transform businesses has generated a tremendous amount of excitement across industries. However, it can be difficult for decision makers to develop a practical approach to blockchain for their specific business requirements. By identifying and clearly describing the value of blockchain for enterprises, as well as the processes required to harness blockchain to achieve business objectives, Blockchain for Business presents a startlingly concise yet comprehensive roadmap for business leaders. This book is an excellent resource for anyone looking to leverage blockchain to transform their business."
—Dr. Won-Pyo Hong, President & CEO of Samsung SDS
“Much has been written about blockchain in the past few years: what it is and what it is not (at various levels of detail), as well as the technology’s long-term strategic value for companies, industries, and economies. However, what we’ve been missing is a practical, operational, ‘how to’ set of steps for creating, implementing, and operating a blockchain-based solution. This book aims to fill that gap. It’s an invaluable tool for anyone ready to take the plunge and start taking advantage of this remarkable technology.”
—Irving Wladawsky-Berger, research affiliate, MIT; columnist, WSJ CIO Journal; VP Emeritus, IBM
"I will never be able to adequately express how useful this book will be to my class. In addition the great chapters on cybersecurity, I loved the Integration Models, especially 'Coexistence with Systems of Record.' Legacy integration with Blockchain is a critical barrier, and you nailed it!"—Thomas Doty, JD, LLM - Adjunct Professor, University of New Hampshire Law
Blockchain enables enterprises to reinvent processes and business models and to pursue radically disruptive applications. Blockchain for Business is a concise, accessible, and pragmatic guide to both the technology and the opportunities it creates.
Authored by three experts from IBM’s Enterprise Blockchain practice, it introduces industry-specific and cross-industry use cases, and reviews best-practice approaches to planning and delivering blockchain projects. With a relentless focus on real-world business outcomes, the authors reveal what blockchain can do, what it can’t do yet, and where it’s headed.
Whether you’re a senior decision maker, technical professional, customer, or investor, Blockchain for Business will help you cut through the hype and objectively assess blockchain’s potential in your business.Register your product for convenient access to downloads, updates, and/or corrections as they become available.
About the Authors xxvii
Chapter 1: Introduction to Blockchain 1
Blockchain Beliefs 2
Enterprise Blockchain 3
Why Blockchain Matters 4
The Trailblazers 5
Blockchain for Good 9
Blockchain Questions from Business and Technology Leaders 12
Chapter Summary 16
Chapter 2: Opportunities and Challenges 19
Disruptive Elements 20
Chapter Summary 47
Chapter 3: Understanding the Technology Landscape 49
Blockchain: A Technical Perspective 50
Blockchain for Enterprises 56
Essential Maturity Imperatives for Enterprise Blockchain 66
Token Revolution 68
Understanding Digital Asset (Token) Fungibility: Opportunities and
Considerations for Meaningful and Sustainable Blockchain-Powered
Chapter Summary 85
Chapter 4: Business of Business Models 87
Path to Blockchain Enterprise Adoption: A Prescriptive Approach 87
Business Modeling and Design 92
Chapter Summary 104
Chapter 5: Developing a Governance Structure for Blockchain Networks 105
Governance Structure and Landscape 109
Chapter Summary 121
Chapter 6: Building a Team to Drive Blockchain Projects 123
Enterprise Structures in a Decentralized Economy 124
Roles of an Enterprise in a Blockchain Network 126
Building an Effective Team 128
Intraprise Synergy 132
An Example of a Blockchain Project Team 134
Chapter Summary 135
Chapter 7: Understanding Financial Models, Investment Rubrics, and Model Risk Frameworks 137
Understanding Blockchain Project Financial Fundamentals 139
Blockchain Investment Rubric 143
Return on Investment Modeling 148
Risk Modeling 153
Chapter Summary 159
Chapter 8: Looking Ahead: What Does the Future Hold? 163
The Network of Networks 164
Blockchain at the Nexus of Technology 167
Blockchain Opportunities and Challenges: What Lies Ahead? 173
Overall Summary 176