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Blockchain for business: understanding the core principles and implications of blockchain technology in a new decentralized world

Faculty Advisor




blockchains (databases), business enterprises, technological innovations

Abstract (summary)

Begins by providing a solid foundation in blockchain technology, elucidating its underlying principles and mechanics. This foundation enables readers to grasp the core concepts, such as decentralization, consensus mechanisms, and cryptography. With this knowledge, readers can appreciate the profound implications of this technology on data security, transparency, and efficiency across various sectors. To provide a broader context for the rise of blockchain, the book delves into the history of money and the evolution of monetary systems. By exploring the development of currencies and their role in shaping human societies, the reader gains a deeper appreciation of the potential impact that blockchain and cryptocurrencies can have on the global economy. This historical perspective is essential to understanding the true value and significance of blockchain’s potential in transforming how we conduct business and exchange value. The book’s final section is dedicated to cryptocurrencies, the most well-known application of blockchain technology. It covers the inception of Bitcoin, the first successful cryptocurrency, and discusses the growth of the cryptocurrency ecosystem, including various types of digital currencies, exchanges, wallets, and regulations. This section provides readers with a clear understanding of the opportunities and challenges presented by cryptocurrencies, enabling them to make informed decisions regarding their adoption and integration into business strategies.

Publication Information

Bilodeau, V. (2023). Blockchain for Business: Understanding the Core Principles and Implications of Blockchain Technology in a New Decentralized World (pp. 1-436). Mediabrook Inc.



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