This book provides a comprehensive introduction to blockchain and distributed ledger technology (DLT). Intended as an applied guide for hands-on practitioners, this book includes detailed examples and in-depth explanations of how to build and run a blockchain from scratch. Through its conceptual background and hands-on exercises, this book allows students, teachers, and crypto enthusiasts to launch their first blockchain while assuming prior knowledge of the underlying technology.
How do I build a blockchain? How do I mint a cryptocurrency? How do I write a smart contract? How do I launch an initial coin offering (ICO)? These are some of the questions this book answers. Starting by outlining the beginnings and development of early cryptocurrencies, it provides the conceptual foundations required to engineer secure software that interacts with both public and private ledgers. The topics covered include consensus algorithms, mining and decentralization, and many more.
The second edition features an updated overview of key operational and technological considerations within the realm of DLT, including insights into decentralized finance, ledger scaling, and tokenization. Furthermore, the book provides real-world examples of successful project implementations and offers expanded coverage on tokenization, highlighting its relevance across diverse industries and governmental sectors.
“This is a one-of-a-kind book on Blockchain technology. The authors achieved the perfect balance between the breadth of topics and the depth of technical discussion. But the real gem is the set of carefully curated hands-on exercises that guide the reader through the process of building a Blockchain right from Chapter 1.” Volodymyr Babich, Professor of Operations and Information Management, McDonough School of Business, Georgetown University
"An excellent introduction of DLT technology for a non-technical audience. The book is replete with examples and exercises, which greatly facilitate the learning of the underlying processes of blockchain technology for all, from students to entrepreneurs.” Serguei Netessine, Dhirubhai Ambani Professor of Innovation and Entrepreneurship, The Wharton School, University of Pennsylvania
"Whether you want to start from scratch or deepen your blockchain knowledge about the latest developments, this book is an essential reference. Through clear explanations and practical code examples, the authors take you on a progressive journey to discover the technology foundations and build your own blockchain. From an operations perspective, you can learn the principles behind the distributed ledger technology relevant for transitioning towards blockchain-enabled supply chains. Reading this book, you'll get inspired, be able to assess the applicability of blockchain to supply chain operations, and learn from best practices recognized in real-world examples." Ralf W. Seifert, Professor of Technology and Operations Management at EPFL and Professor of Operations Management at IMD
1. Blockchain Foundations.-
2. Cryptocurrencies.-
3. Consensus
Mechanisms.-
4. Smart Contracts.-
5. Privacy and Anonymity.-
6. Blockchain
Cryptography: Part 1.-
7. Blockchain Cryptography: Part 2.- Scaling
Solutions.-
9. Decentralized Finance.-
10. Tokenization.
Daniel Hellwig is Partner at Kepler Cannon, a New York-based strategic advisory firm. He is also active as Researcher and Lecturer at WHUOtto Beisheim School of Management, Germany. Daniel completed his undergraduate studies at the Wharton School, holds a masters degree in Industrial Engineering from UC Berkeley, and earned a doctorate degree from WHUs Otto Beisheim School of Management. He looks back at professional experiences at Deutsche Bank, Merrill Lynch, and Deloitte.
Goran Karlic is Principal Consultant at Kepler Cannon, a New York-based strategic advisory firm. Goran is Co-founder of multiple startups and has developed products in the fields of artificial intelligence, distributed systems, machine vision, industrial process control, and DLT.
Arnd Huchzermeier is Chaired Professor in Production Management at WHUOtto Beisheim School of Management, Vallendar, Germany. Arnd taught at the Booth Graduate School of Business of the University of Chicago after earning his Ph.D. from The Wharton School of the University of Pennsylvania, USA. He is, among others, author of books on Supply Chain Finance and Industrial Excellence. He regularly publishes in leading managerial and academic journals.
