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Title: The Business Blockchain: Promise, Practice, and Application of the Next Internet Technology
Author(s): William Mougayar
Wiley wrote:The definitive pioneering blueprint covering the what, why and how of the blockchain.
Blockchains are new technology layers that rewire the Internet and threaten to side-step older legacy constructs and centrally served businesses. At its core, a blockchain injects trust into the network, cutting off some intermediaries from serving that function and creatively disrupting how they operate. Metaphorically, blockchains are the ultimate non-stop computers. Once launched, they never go down, and offer an incredible amount of resiliency, making them dependable and attractive for running a new generation of decentralized services and software applications.
The Business Blockchain charts new territory in advancing our understanding of the blockchain by unpacking its elements like no other before. William Mougayar anticipates a future that consists of thousands, if not millions of blockchains that will enable not only frictionless value exchange, but also a new flow of value, redefining roles, relationships, power and governance. In this book, Mougayar makes two other strategic assertions. First, the blockchain has polymorphic characteristics; its application will result in a multiplicity of effects. Second, we shouldn’t ask ourselves what problems the blockchain solves, because that gives us a narrow view on its potential. Rather, we should imagine new opportunities, and tackle even more ambitious problems that cross organizational, regulatory and mental boundaries.
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Chapter 1 starts with "Pay close attention. This chapter is probably the most important in the book." Lest you were wondering whether chapter 1 is fluff! The theory/assertion that blockchain will be a layer of the internet like the web is resonates through the book. There are a good number of lists of properties and important points to consider. I really liked the ATOMIC acronym to remember assets, trust, ownership, money, identity and contracts. And I learned a new term - DAO (distributed autonomous organization.) Each chapter ends with "key ideas." I found these to be vague so not that useful for a future review.
I particularly liked that this book can be appreciated by different audiences. While it isn't a code level book, I got a ton out of it as a developer. The number of Java developers vs overall developers (a good percentage) compared to the number with blockchain skills (tiny) was interesting.
I give this book 9 out of 10 horseshoes.