Blockchain has redefined the World Wide Web as “Web of Value”. It has empowered people to publish, distribute, and sell information, services and products anywhere through this Web without the involvement of any intermediaries. It has become easy for people to build new relationships, businesses and networks by leveraging the blockchain technology thereby able to send, share and receive the value. In this chapter, readers will understand the phenomenon of “Web of Value” and explore the landscape of value generation as driven by the blockchain technology.
Chapter 02 - The Rule of Code
Blockchain involves no intermediaries. The value is between the sender and the receiver. But it raises important concerns such as legal, compliance, regulatory, trust etc. In this chapter, readers will be exposed to the various facets of the blockchain for accomplishing its full functioning.
Chapter 03 - Messy
Applicability of blockchain is massive in business contexts but the value comes through addressing the two core elements - technology and management of the blockchain. In this chapter, readers will get to know about how to avoid messiness of the blockchain.
Chapter 04 - Business Models
Internet has created new possibilities that we didn’t foresee in its early years. Blockchain technology is new and has a great potential to penetrate existing markets and to create new markets. In this chapter, readers will understand business models for the blockchain technology. It will help them to understand how a current business can be transformed and also how to create new businesses.
Chapter 05 - Roadblocks
Adoption of a blockchain technology is challenging both in terms of feasibility and viability to both parties involved in generating the values. In this chapter, readers will understand the roadblocks – challenges in the blockchain space thereby enabling them to charter appropriate strategies and tactics.
Chapter 06 - Big ideas
Blockchain is disrupting every domain of the business and part of human life and society. What is your big idea? In this chapter, readers will be exposed to conceive, design and develop their big ideas for blockchain space to disrupt the market.
Chapter 07 - Success Stories
This chapter is the “cherry on the cake”. In this chapter, I propose to discuss select success stories from various domains, which will help readers to gain confidence in UnBlocking the capability and power of the blockchain.
Dr. Nitin Upadhyay is a researcher, inventor, innovator, consultant, leader, coach, academician, and a prolific writer. He is an influencer and a regular contributor as “Bloggist” to Times of India, Economic Times and India Times. He is a Fellow of the prestigious Royal Society of Arts London and Fellow of Institute of Engineers (I). Over the years he has engaged with select top Fortune 500 companies. He is a leading authority and speaker on innovation, design, cloud computing, big data & analytics, future technology, and user experience. He is currently working in the area of information technology and is a core member of the Big Data Analytics programme, Goa Institute of Management, India. He is also the Chair and Head of the Centre for Innovation at Goa Institute of Management. He has wide industry, academic, consultancy, and research experience and is a Member Board of the Governors and an Executive member and Chair of Cloud SLAs (service-level agreements) for the Cloud Computing Innovation Council of India. He has worked with Samsung Advanced Research at South Korea and Bangalore for many flag-ship projects and drove the whole gamut of innovation. He has contributed 100+ peer-reviewed publications/presentations/posters/talks and 12 books.
This book presents a state-of-the-art overview of blockchains, a significant innovation that has already started to redesign business, social and political interactions. The technology is attracting considerable interest among researchers in industry and academia wanting to study and leverage the potential of blockchains to provide a decentralized and distributed public ledger for all the participating parties.
Comprehensively discussing the current and future challenges, opportunities, applications, business models and values, the book appeals to diverse stakeholders, scholars, practitioners and business leaders interested in blockchains.