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Library | Item Barcode | Call Number | Material Type | Item Category 1 | Status |
|---|---|---|---|---|---|
Searching... | 30000010372293 | QA76.9.B56 W45 2019 | Open Access Book | Book | Searching... |
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Summary
Summary
The accessible, non-technical guide to applying and benefiting from blockchain technology.
Blockchain has grown at an enormous rate in a very short period of time. In a business context, blockchain can level the playing field between small and large organisations in several ways: Exact copies of the immutable, time-stamped data is held by all parties, all transactions can be viewed in real time, data blocks are cryptographically linked, all raw materials are traceable and smart contracts ensure no middle-men, ease of audit and reduced friction. The trust, transparency, security, quality and reduced costs of blockchain make it a game-changing technology that crosses sectors, industries and borders with ease. Even though the technologies are ready for adoption, businesses remain largely unaware of their full potential and effective implementation. End users require accurate and up-to-date information on the practical applications of blockchain -- Commercializing Blockchain provides it.
A practical and easy-to-understand guide to blockchain, this timely book illustrates how this revolutionary technology can be used to transform governments, businesses, enterprises and entire communities. The author draws from his experience with global retailers, global technology companies, UCL Centre for Blockchain technologies, the government of the UK, Retail Blockchain Consortium and many other sources to present real-world case studies on the use and benefits of blockchain. Topics include financial transactions, tokenisation, identity management, supply chain transparency, global shipping and freight, counterfeiting and more. Provides practical guidance for blockchain transactions in business operations
Provides practical guidance for blockchain transactions in business operations Demonstrates how blockchain can add value and bring increased efficiency to commercial operations Covers all of the essential components of blockchain such as traceability, provenance, certification and authentication Requires no technical expertise to embrace blockchain strategiesCommercializing Blockchain: Strategic Applications in the Real World is ideal for enterprises seeking to develop and deploy blockchain technology, particularly in areas retail, supply chain and consumer goods.
Author Notes
ANTONY WELFARE is an eminent leader in the world of blockchain, dedicated to helping others understand the transformational potential of blockchain technology and implement this, particularly in enterprise organisations. As global Managing Director of Luxoft, Antony is leading the strategy to deliver enterprise-grade blockchain solutions across all sectors, and using various leading-edge blockchain solutions, including Hyperledger fabric, Indy, Corda and Ethereum.
Antony co-founded the Retail Blockchain Consortium alongside University College London's Centre for Blockchain Technologies (UCL CBT), to drive blockchain adoption across the retail value chain. He is also an advisor on blockchain to the UK government, a guest lecturer on UCL's blockchain programme, a member of Forbes Technology Council, a keynote speaker on blockchain and the author of The Retail Handbook .
Table of Contents
| About the Author | p. xiii |
| About the Contributors | p. xv |
| Foreword | p. xxi |
| Foreword | p. xxiii |
| Preface | p. xxvii |
| Introduction | p. 1 |
| Commercializing Blockchain | p. 1 |
| Antony Stores Group (ASG) Retail Business Illustration | p. 2 |
| Real-World Enterprise Level Use Cases - Financial Services, Retail, Supply Chain, and CPG | p. 2 |
| Who Will Benefit from Reading Commercializing Blockchain? | p. 2 |
| Antony Stores Group (ASG) Illustration | p. 3 |
| ASG Background | p. 3 |
| History of ASG | p. 3 |
| ASG Challenges and Pain Points | p. 5 |
| 1 Introduction to Blockchain Technology | p. 7 |
| Blockchain Technology Definition | p. 7 |
| What Are the Reasons Why We Have Blockchain Technology? | p. 8 |
| The Internet and Blockchain | p. 8 |
| The 'Trustless' World | p. 8 |
| Blockchain: The Internet of Value | p. 10 |
| Blockchain has Five Important Characteristics | p. 10 |
| 1 Blockchain for Truth and Trust | p. 11 |
| 2 Blockchain for Transparency | p. 11 |
| 3 Blockchain for Security | p. 12 |
| 4 Blockchain for Quality and Certainty | p. 13 |
| 5 Blockchain for Efficiency | p. 13 |
| Blockchain Regulation and Global Trade | p. 14 |
| Other Important Blockchain Benefits | p. 29 |
| Blockchain Theory for Good | p. 29 |
| Blockchain and Diversity | p. 30 |
| Blockchain for All Types of Organization | p. 32 |
| Blockchain for New Business Models | p. 32 |
| Example: The DAO - Decentralized Autonomous Organization | p. 33 |
| New Blockchain Companies | p. 34 |
| Blockchain Is Not a Verb! | p. 34 |
| 2 Types of Blockchain | p. 37 |
| Differences to a Database | p. 44 |
| Consensus and Blockchain | p. 45 |
| ASG Consensus Example | p. 55 |
| Current Blockchain and DLT Ecosystems | p. 56 |
| Current Blockchain and DLT Ecosystem Summary | p. 66 |
| 3 Enterprise Blockchain | p. 67 |
| Enterprise Blockchain and Trust | p. 67 |
| Characteristics of Enterprise Blockchain | p. 68 |
| Why Use Enterprise Blockchain? | p. 68 |
| Where to Use Enterprise Blockchain Technology | p. 69 |
| The Next 20-Year Transformation | p. 70 |
| Total Business Transformation Led by Blockchain Technology | p. 70 |
| Improved Working Together | p. 71 |
| Basics of an Enterprise Blockchain | p. 71 |
| Blockchain and ERP: The Future of the 'Back Office' - ERP 2.0 | p. 72 |
| Can Blockchain Technology Supercharge ERP? | p. 73 |
| What Can Blockchain Add to ERP? | p. 73 |
| Blockchain and Planning | p. 74 |
| Blockchain and Analysis | p. 74 |
| How Blockchain Technology Can Transform Forecasting and Planning | p. 75 |
| Use Case: Blockchain and Intercompany | p. 76 |
| ASG Intercompany on Blockchain Example | p. 80 |
| Enterprise Blockchain Summary | p. 82 |
| 4 What Does Blockchain Solve? | p. 83 |
| Trust | p. 83 |
| Transparency and Openness | p. 84 |
| Immutability | p. 84 |
| Transactions Automation - Smart Contracts | p. 85 |
| 'Why Blockchain Will Be Transformative': Looking at the History of Contracts through to Present Day Usage | p. 85 |
| New Business Models and Opportunities | p. 98 |
| MonoChain: A Blockchain Start-Up Building the Circular Economy | p. 99 |
| 5 Blockchain Powering the New Marketplace Model | p. 107 |
| A Fundamental Foundation: Marketplaces Built Using Blockchain Technology | p. 107 |
| Marketplace for Anything | p. 108 |
| Decentralized Utopia - Reality or Dream? | p. 109 |
| Example of a Product Marketplace: Replace Amazon, eBay, or Alibaba | p. 110 |
| Example of a Service Marketplace: Replace Uber or Airbnb | p. 110 |
| Real Use Case: Blockchain Product Marketplace - OpenBazaar | p. 111 |
| Real Use Case: Blockchain Marketplace to Replace Uber - EVA | p. 111 |
| Summary | p. 112 |
| 6 Where Can Blockchain Technology Be Applied? | p. 113 |
| Industries | p. 114 |
| The Retail and Supply Chain Industry | p. 114 |
| Cryptocurrencies | p. 115 |
| Identity Management | p. 115 |
| Loyalty | p. 117 |
| Gift Cards | p. 117 |
| ASG Gift Card Blockchain Example | p. 118 |
| Warranty Management and Refunds Management | p. 119 |
| Improved Sourcing | p. 120 |
| Inventory Management and Returns Management | p. 120 |
| ASG Inventory on Blockchain Example | p. 121 |
| ASG Returns Blockchain Example | p. 122 |
| Supply Chain Industry (Including Brands, Consumer Products, and Manufacturers) | p. 123 |
| Supply Chain Transparency | p. 124 |
| Global Shipping and Freight | p. 124 |
| Certification and Authentication | p. 125 |
| Traceability | p. 126 |
| Provenance | p. 127 |
| Counterfeit Products | p. 128 |
| The Finance and Financial Services Industry | p. 128 |
| 7 Blockchain Adoption | p. 161 |
| How Will Blockchain Be Adopted? | p. 161 |
| Blockchain Adoption: The User Interface | p. 161 |
| Smartphone as ID | p. 162 |
| QR Code World | p. 163 |
| Real Use Case: HTC Launches a Blockchain Smartphone in December 2018 | p. 163 |
| Blockchain Adoption: The Understanding of Blockchain Technology | p. 164 |
| Blockchain Adoption: The Killer App for Blockchain | p. 166 |
| Blockchain Adoption: Daily Life Use Cases | p. 166 |
| Blockchain Adoption: Winning Business Models | p. 167 |
| 8 First Use Cases | p. 169 |
| History of Bitcoin | p. 169 |
| Cryptocurrency and Crypto Assets | p. 172 |
| How Are Crypto Assets Classed? | p. 172 |
| ICO - Initial Coin Offering | p. 174 |
| ICOs Often Raise Money via Crypto | p. 174 |
| Why Use an ICO? | p. 175 |
| STO - Security Token Offering | p. 176 |
| What to Look for in an ICO/STO | p. 176 |
| Tokenization | p. 177 |
| Tokens for Liquidity | p. 177 |
| Tokens for Globalization | p. 178 |
| Tokens for Global Commerce | p. 178 |
| Tokens for New Assets | p. 178 |
| Tokens Take Us Beyond Money | p. 179 |
| Benefits of Tokenization | p. 184 |
| 9 What Makes It Work? Blockchain Best Practice | p. 185 |
| Consensus | p. 185 |
| Governance | p. 186 |
| Agile and Iterative Approach | p. 187 |
| Solution Driven | p. 187 |
| Collaborate | p. 188 |
| Teams Need to Be Fully Bought In | p. 189 |
| Open-Minded to Everything | p. 189 |
| Learning Mentality | p. 190 |
| Blockchain Best Practice Summary | p. 190 |
| 10 How to Commercialize Blockchain/Reach its Potential | p. 191 |
| Blockchain Is a Network Play | p. 191 |
| Real Use Case: Retail Blockchain Consortium | p. 192 |
| Mission and Vision | p. 192 |
| How You Benefit by Joining RBC Executive Forum? | p. 193 |
| Real Use Case: UK Government APPG Blockchain | p. 193 |
| Blockchain Business Case | p. 194 |
| Benefits of Implementing Blockchain Technology | p. 195 |
| Efficiency Gains of Blockchain Technology | p. 196 |
| Revenue Growth with Blockchain Technology | p. 198 |
| New Business Growth Powered by Blockchain Technology | p. 200 |
| Blockchain Technology Benefits Realization | p. 202 |
| People and Process Transformation | p. 203 |
| Principles of Transformation | p. 204 |
| Example Blockchain Implementation Plans in Retail | p. 206 |
| ASG Provenance Tracking Example | p. 206 |
| How to Commercialize Blockchain Summary | p. 208 |
| 11 Risks of Implementing Blockchain Technology | p. 211 |
| Change - Inertia of People | p. 211 |
| User's Adoption | p. 212 |
| Scale and Complexity | p. 213 |
| Standardization | p. 213 |
| Government | p. 214 |
| The Control Structures Around the World aka "The 1%" | p. 214 |
| Regulations | p. 215 |
| Millennial and Younger Generations | p. 216 |
| Ignorance | p. 216 |
| Quantum and New Technology | p. 217 |
| 12 Blockchain Is Better When Used with Existing and Other Emerging Technologies | p. 219 |
| IoT, AI/ML, RPA, Blockchain, AR, VR - Emerging Technologies | p. 220 |
| How Blockchain, AI, and IoT Work in Harmony - 'ABot' | p. 220 |
| Use Case: Emerging Technologies Working Together in Retail | p. 225 |
| Use Case: Waltonchain for Provenance | p. 226 |
| Use Case: Convergence of Blockchain, IoT, and AI for Successful Provenance Solutions | p. 227 |
| 13 Future of Blockchain | p. 251 |
| What Will Blockchain Technology Look Like in 2025? | p. 251 |
| New Business Models Examples: | p. 254 |
| The Circular Economy Powered by Blockchain | p. 254 |
| Use Case: Auto Industry and Blockchain Technology | p. 258 |
| The Future of Blockchain - Contributors' Views | p. 259 |
| Future of Blockchain - Paolo Tasca | p. 259 |
| Future of Blockchain - Chris Wing | p. 262 |
| Future of Blockchain - Nikhil Vadgama | p. 263 |
| Future of Blockchain - Marta Piekarska | p. 264 |
| Future of Blockchain - Peter Bambridge | p. 264 |
| Future of Blockchain - Areiel Wolanow | p. 265 |
| Future of Blockchain - Carlos Vivas Augier | p. 267 |
| Future of Blockchain - Vikram Kimyani | p. 267 |
| Future of Blockchain Summary | p. 268 |
| 14 Use Cases in Real World - 2019 highlights | p. 269 |
| Financial Transactions | p. 270 |
| Financial Transactions Benefits and Outcomes | p. 271 |
| Financial Transactions Examples | p. 272 |
| Cryptocurrencies | p. 273 |
| Tokenization | p. 274 |
| Tokenization Benefits and Outcomes | p. 274 |
| Tokenization Examples | p. 274 |
| Identity Management | p. 276 |
| Identity Management Benefits and Outcomes | p. 277 |
| Identity Management Examples | p. 277 |
| Loyalty | p. 280 |
| Loyalty Benefits and Outcomes | p. 280 |
| Loyalty Examples | p. 281 |
| Gift Cards | p. 281 |
| Gift Cards Benefits and Outcomes | p. 282 |
| Gift Cards Examples | p. 283 |
| Coinbase Introduced e-Gifts after Gaining an e-Money Licence from the FCA in the UK | p. 283 |
| Warranty Management | p. 283 |
| Warranty Management Benefits and Outcomes | p. 283 |
| Warranty Management Examples | p. 284 |
| Refunds Management | p. 286 |
| Refunds Management Benefits and Outcomes | p. 286 |
| Refunds Management Examples | p. 287 |
| Global Shipping and Freight | p. 288 |
| Global Shipping and Freight Benefits and Outcomes | p. 288 |
| Global Shipping and Freight Examples | p. 290 |
| Improved Sourcing and Procurement | p. 291 |
| Improved Sourcing and Procurement Benefits and Outcomes | p. 292 |
| Certification and Authentication | p. 292 |
| Certification and Authentication Benefits and Outcomes | p. 293 |
| Certification and Authentication Examples | p. 293 |
| Inventory Management | p. 295 |
| Inventory Management Benefits and Outcomes | p. 295 |
| Traceability | p. 296 |
| Traceability Benefits and Outcomes | p. 297 |
| Traceability Examples | p. 298 |
| Provenance | p. 300 |
| Provenance Benefits and Outcomes | p. 301 |
| Provenance Examples | p. 301 |
| Counterfeit Products | p. 303 |
| Counterfeit Products Benefits and Outcomes | p. 303 |
| Counterfeit Products Examples | p. 304 |
| Retail Blockchain Consortium | p. 307 |
| About the RBC | p. 307 |
| Mission and Vision | p. 308 |
| How Will You Benefit from Joining? | p. 308 |
| Get Involved - Join the Executive forum | p. 308 |
| Index | p. 311 |
