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Blockchain Technology for Business Processes: Meaningful Use of the New Technology in Businesses

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Blockchain technology beyond cryptocurrencies: Discover the many possible uses for your company

In this practice-oriented book, the basics of blockchain technology are presented and the reader learns where and how this technology can be usefully applied in business processes. First, the general characteristics of blockchain technology are described; then an actual use case is developed and presented via various steps. This includes a stakeholder analysis as well as a review of the envisaged case by means of the so-called Blockchain Decision Path. In addition, the core concepts, important tools such as the morphological box and non-fungible tokens (NFT) as well as the roles to be filled according to the technology are presented. This book is suitable for managers, directors, developers, strategists and business consultants as well as for students.

 From the contents

·            Blockchain types, protocols and consensus models

·            Methods of process analysis: decision path and utility analysis

·            Development of an individualised blockchain model

·            Future analyses of blockchain technology

With the help of this book, the reader is able to take his or her own necessary steps, filter out the appropriate business process and create the roadmap for a first prototype. The author explains this with practical examples to enable non-developers to access this knowledge.


Author(s): Katarina Adam
Publisher: Springer
Year: 2022

Language: English
Pages: 202
City: Cham

Contents
List of Abbreviations
1 Introduction
Abstract
1.1 What is “the” Blockchain Technology?
1.2 What now is Blockchain Technology?
1.2.1 Use of Blockchain Technology
1.2.2 Simple (Best Practice)
1.2.2.1 Chaotic (Primacy of Quick Action)
1.2.2.2 Complicated (Expert Domain)
1.2.2.3 Complex (Innovation)
1.2.2.4 Disorder (in the Sense of “Not Knowing” or “Disorder”)
1.2.3 Agile Working or Scrum
1.3 Characteristics of Blockchain
1.4 Decentralization
1.5 Blockchain Types and Protocols
1.6 Summary
References
2 Consensus Models
Abstract
2.1 Proof of Work (PoW)
2.2 Proof of Space (PoS)
2.3 Proof of Stake (POS)
2.4 Proof of Believability (POB)
2.5 Delegated Byzantine Fault Tolerance (dBFT)
2.6 Proof of Authority (PoA)
2.7 Proof of Activity (PoAc)
2.8 Proof of Importance (PoI)
2.9 Proof of Reputation (PoR)
2.10 Proof of Elapsed Time (PoET)
2.11 Proof of Burn (PoB)
2.12 Zero-Knowledge-Proof (ZKP)
2.13 Ripple
2.14 Summary
2.15 Conclusion
References
3 Further Elements in the Blockchain System
Abstract
3.1 Cryptography
3.2 Smart Contracts
3.3 Digital Currencies and Other Examples of Applications
3.4 Security Aspects
3.5 Blockchain “Value”
3.6 Conclusion
References
4 “Tools of Action” (Process Analysis)
Abstract
4.1 Preparation
4.2 Gap Analysis (Gap Analysis)
4.3 Options
4.4 Stakeholder Analysis
4.5 Products and Services Map
4.6 Decision Path
4.6.1 Decision Path According to Birch-Brown-Parulava
4.6.2 Decision Path According to Suichies
4.6.3 Decision Path According to IBM
4.6.4 Decision Path According to Lewis
4.6.5 Decision Path According to Meunier
4.6.6 Decision Path According to Wüst & Gervais
4.6.7 Decision Path According to Peck
4.6.8 Decision Path According to United States Department of Homeland Security (DHS)
4.6.9 Decision Path According to Mulligan
4.6.10 Gardner’s Decision-making Process
4.6.11 Decision Path According to Koens & Poll
4.6.12 Overview of the Decision Models
4.6.13 Summary Interim Conclusion
4.7 Value Analysis
4.8 The Morphological Box
4.9 Business Model Canvas
4.10 Individualized Blockchain Model
4.10.1 Blockchain Framework Conditions
4.10.1.1 Behavioral Economics
4.10.1.2 Game Theory
4.10.1.3 Maslow’s Hierarchy of Needs
4.10.1.4 Nudge
4.10.1.5 KANO Model
4.10.2 Creating the First Prototype
4.10.3 Further Information
4.10.3.1 Smart Contract
4.10.3.2 Front-End
4.10.3.3 Back-End
4.11 First Requirements for the Developer Formulate
4.12 Conclusion
References
5 The Code is the Law
Abstract
5.1 Test Networks and Libraries
5.1.1 Ethereum Blockchain
5.1.2 Geth
5.2 Decentralized Application (DApp)
5.3 Conclusion
References
6 The Next Hype?
Abstract
6.1 Initial Exchange Offering (IEO)
6.2 Initial Futures Offering (IFO)
6.3 Token Economy and New Business Areas
6.4 Token Typology
6.4.1 Payment Token or Digital Currency
6.4.2 Asset-Backed Token
6.4.3 Utility Token
6.4.4 Security Token
6.4.5 Non-Fungible-Token (NFT)
6.5 ERC20 in Connection with ERC721
6.6 Digital Central Bank Money (Central Bank Digital Currency; CBDC)
6.7 Dezentralized Finance (DeFi)
6.8 BaFin Regulation
6.9 Conclusion
References
7 Theses for the Future
Abstract
7.1 Thesis 1: Here to Stay
7.2 These 2: Liberalization of the Internet
7.3 These 3: Expansion of "Surveillance Capitalism"
7.4 These 4: Protection Against Hacker Attacks
7.5 These 5: Future on a Higher Logical Abstraction Level (Interview with Mathias Goldmann)
7.6 These 6: Blockchain and Mittelstandsfinanzierung (Interiew with Axel von Goldbeck)
7.7 These 7: “Regulatory is in” or Blockchain Strategy of the Federal Government
References
8 Outlook
Abstract
Glossary