Author: Darren McCarley Formally: An informal introduction to Blockchain Author: Darren McCarley



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blockchain-introduction-public

Blockchain Capabilities


A shared ledger technology allowing any participant in the business network to see the system of record (ledger)
Ensuring appropriate visibility; transactions are secure, authenticated & verifiable
Business terms embedded in transaction database & executed with transactions
All parties agree to network verified transaction
Blockchain Essentials
  • A business problem to be solved
    • That cannot be solved with more mature technologies
  • An identifiable business network
    • With Participants, Assets and Transactions
  • A need for trust
    • Consensus, Immutability, Finality or Provenance

Negative Indicators, Anti-Patterns
  • Need high performance (millisecond) transactions
  • Small organization (no business network)
  • Looking for a database replacement
  • Looking for a messaging replacement
  • Looking for transaction processing replacement
  • Process and metrics are not clear within the ecosystem
  • Value, velocity and/or variability are not present

Additional Resources

  • Bitcoin White Paper – Satoshi Nakamoto
  • Blockchain Demo – Anders Brownworth
    • Videos
  • Blockchain for Business - An Introduction to Hyperledger Technologies - edX.org
  • Ethereum White Paper
  • Guardtime – Blockchain like official site
  • Hyperledger official site - Linux Foundation
  • IBM Blockchain for Business – IBM Dev Center
  • IBM Blockchain Essentials Course – IBM Dev Center
  • IBM Blockchain Foundation Developer – IBM Dev Center
  • Many more and pages are always changing


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