Commercializing blockchain : strategic applications in the real world /: strategic applications in the real world. (2019)

• Record Type: Book
• Further Information: Note: Antony Welfare.
• Authors: Welfare, Antony
• Contents: About the Author xiii About the Contributors xv Foreword xxi; Damien Moore Foreword xxiii; Paolo Tasca Preface xxvii Introduction 1 Commercializing Blockchain 1 Antony Stores Group (ASG) Retail Business Illustration 2 Real-World Enterprise Level Use Cases – Financial Services, Retail, Supply Chain, and CPG 2 Who Will Benefit from Reading Commercializing Blockchain? 2 Antony Stores Group (ASG) Illustration 3 ASG Background 3 History of ASG 3 ASG Challenges and Pain Points 5 1 Introduction to Blockchain Technology 7 Blockchain Technology Definition 7 What Are the Reasons Why We Have Blockchain Technology? 8 The Internet and Blockchain 8 The ‘Trustless’ World 8 Blockchain: The Internet of Value 10 Blockchain has Five Important Characteristics 10 1. Blockchain for Truth and Trust 11 2. Blockchain for Transparency 11 3. Blockchain for Security 12 4. Blockchain for Quality and Certainty 13 5. Blockchain for Efficiency 13 Blockchain Regulation and Global Trade 14 Other Important Blockchain Benefits 29 Blockchain Theory for Good 29 Blockchain and Diversity 30 Blockchain for All Types of Organization 32 Blockchain for New Business Models 32 Example: The DAO – Decentralized Autonomous Organization 33 New Blockchain Companies 34 Blockchain Is Not a Verb! 34 2 Types of Blockchain 37 Differences to a Database 44 Consensus and Blockchain 45 ASG Consensus Example 55 Current Blockchain and DLT Ecosystems 56 Current Blockchain and DLT Ecosystem Summary 66 3 Enterprise Blockchain 67 Enterprise Blockchain and Trust 67 Characteristics of Enterprise Blockchain 68 Why Use Enterprise Blockchain? 68 Where to Use Enterprise Blockchain Technology 69 The Next 20-Year Transformation 70 Total Business Transformation Led by Blockchain Technology 70 Improved Working Together 71 Basics of an Enterprise Blockchain 71 Blockchain and ERP: The Future of the ‘Back Office’ – ERP 2.0 72 Can Blockchain Technology Supercharge ERP? 73 What Can Blockchain Add to ERP? 73 Blockchain and Planning 74 Blockchain and Analysis 74 How Blockchain Technology Can Transform Forecasting and Planning 75 Use Case: Blockchain and Intercompany 76 ASG Intercompany on Blockchain Example 80 Enterprise Blockchain Summary 82 4 What Does Blockchain Solve? 83 Trust 83 Transparency and Openness 84 Immutability 84 Transactions Automation – Smart Contracts 85 ‘Why Blockchain Will Be Transformative’: Looking at the History of Contracts through to Present Day Usage 85 New Business Models and Opportunities 98 MonoChain: A Blockchain Start-Up Building the Circular Economy 99 5 Blockchain Powering the New Marketplace Model 107 A Fundamental Foundation: Marketplaces Built Using Blockchain Technology 107 Marketplace for Anything 108 Decentralized Utopia – Reality or Dream? 109 Example of a Product Marketplace: Replace Amazon, eBay, or Alibaba 110 Example of a Service Marketplace: Replace Uber or Airbnb 110 Real Use Case: Blockchain Product Marketplace – OpenBazaar 111 Real Use Case: Blockchain Marketplace to Replace Uber – EVA 111 Summary 112 6 Where Can Blockchain Technology Be Applied? 113 Industries 114 The Retail and Supply Chain Industry 114 Cryptocurrencies 115 Identity Management 115 Loyalty 117 Gift Cards 117 ASG Gift Card Blockchain Example 118 Warranty Management and Refunds Management 119 Improved Sourcing 120 Inventory Management and Returns Management 120 ASG Inventory on Blockchain Example 121 ASG Returns Blockchain Example 122 Supply Chain Industry (Including Brands, Consumer Products, and Manufacturers) 123 Supply Chain Transparency 124 Global Shipping and Freight 124 Certification and Authentication 125 Traceability 126 Provenance 127 Counterfeit Products 128 The Finance and Financial Services Industry 128 7 Blockchain Adoption 161 How Will Blockchain Be Adopted? 161 Blockchain Adoption: The User Interface 161 Smartphone as ID 162 QR Code World 163 Real Use Case: HTC Launches a Blockchain Smartphone in December 2018 163 Blockchain Adoption: The Understanding of Blockchain Technology 164 Blockchain Adoption: The Killer App for Blockchain 166 Blockchain Adoption: Daily Life Use Cases 166 Blockchain Adoption: Winning Business Models 167 8 First Use Cases 169 History of Bitcoin 169 Cryptocurrency and Crypto Assets 172 How Are Crypto Assets Classed? 172 ICO – Initial Coin Offering 174 ICOs Often Raise Money via Crypto 174 Why Use an ICO? 175 STO – Security Token Offering 176 What to Look for in an ICO/STO 176 Tokenization 177 Tokens for Liquidity 177 Tokens for Globalization 178 Tokens for Global Commerce 178 Tokens for New Assets 178 Tokens Take Us Beyond Money 179 Benefits of Tokenization 184 9 What Makes It Work? Blockchain Best Practice 185 Consensus 185 Governance 186 Agile and Iterative Approach 187 Solution Driven 187 Collaborate 188 Teams Need to Be Fully Bought In 189 Open-Minded to Everything 189 Learning Mentality 190 Blockchain Best Practice Summary 190 10 How to Commercialize Blockchain/Reach Its Potential 191 Blockchain Is a Network Play 191 Real Use Case: Retail Blockchain Consortium 192 Mission and Vision 192 How You Benefit by Joining RBC Executive Forum? 193 Real Use Case: UK Government APPG Blockchain 193 Blockchain Business Case 194 Benefits of Implementing Blockchain Technology 195 Efficiency Gains of Blockchain Technology 196 Revenue Growth with Blockchain Technology 198 New Business Growth Powered by Blockchain Technology 200 Blockchain Technology Benefits Realization 202 People and Process Transformation 203 Principles of Transformation 204 Example Blockchain Implementation Plans in Retail 206 ASG Provenance Tracking Example 206 How to Commercialize Blockchain Summary 208 11 Risks of Implementing Blockchain Technology 211 Change – Inertia of People 211 User’s Adoption 212 Scale and Complexity 213 Standardization 213 Government 214 The Control Structures Around the World aka “The 1%” 214 Regulations 215 Millennials and Younger Generations 216 Ignorance 216 Quantum and New Technology 217 12 Blockchain Is Better When Used with Existing and Other Emerging Technologies 219 IoT, AI/ML, RPA, Blockchain, AR, VR – Emerging Technologies 220 How Blockchain, AI, and IoT Work in Harmony – ‘ABot’ 220 Use Case: Emerging Technologies Working Together in Retail 225 Use Case: Waltonchain for Provenance 226 Use Case: Convergence of Blockchain, IoT, and AI for Successful Provenance Solutions 227 13 Future of Blockchain 251 What Will Blockchain Technology Look Like i
• Edition: 1st
• Publisher Details: Hoboken, New Jersey : John Wiley & Sons, Inc
• Publication Date: 2019
• Extent: 1 online resource
• Subjects: 005.74028558; Blockchains (Databases); Transaction systems (Computer systems)
• Languages: English
• ISBNs: 9781119578031
• Related ISBNs: 9781119578024
• Notes: Note: Description based on CIP data; resource not viewed.
• Access Rights: Legal Deposit; Only available on premises controlled by the deposit library and to one user at any one time; The Legal Deposit Libraries (Non-Print Works) Regulations (UK).
• Access Usage: Restricted: Printing from this resource is governed by The Legal Deposit Libraries (Non-Print Works) Regulations (UK) and UK copyright law currently in force.