Blockchain—What You Need to Know

Decentralization Is Disrupting Vertical Industries

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Blockchains are a new data structure that is secure, cryptography-based, and distributed across a network. The technology supports cryptocurrencies such as Bitcoin, and the transfer of any data or digital asset.
Spearheaded by Bitcoin, blockchains achieve consensus among distributed nodes, allowing the transfer of digital goods without the need for centralized authorisation of transactions.
The present blockchain ecosystem is like the early Internet, a permissionless innovation environment in which email, the World Wide Web, Napster, Skype, and Uber were built.

Table of Contents

Executive SummaryKey FindingsMethodologyResearch MethodologyIntroduction to BlockchainBlockchain—An OverviewBlockchain Application StackBitcoin—The First Blockchain ApplicationBitcoin—The BackgroundA Bitcoin TransactionAdding a Block to the BlockchainBitcoin’s BlockchainRipple—Financial Exchange LedgerRipple—The BackgroundRipple’s BlockchainRipple’s Value PropositionEthereum—Blockchain Application PlatformEthereum—The BackgroundEthereum’s BlockchainEthereum’s Value PropositionThe Blockchain SpectrumKey Business Benefits of Blockchain TechnologyLocal, Distributed, Centralized, and DecentralizedPermissioned and Permissionless SystemsTokenized and Tokenless LedgersSmart ContractsBlockchains in Vertical IndustriesIntroduction to Blockchains in Vertical IndustriesFinancial ServicesLegal IndustryPublic SectorConclusionsThe Final WordLegal DisclaimerThe Frost & Sullivan StoryThe Frost & Sullivan StoryValue Proposition: Future of Your Company & CareerGlobal PerspectiveIndustry Convergence360º Research PerspectiveImplementation ExcellenceOur Blue Ocean Strategy




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