Blockchain: A Hype or a Hoax?

Cover
Half Title
Title Page
Copyright Page
Dedication
Table of Contents
Acknowledgements
Author
1 Blockchain: Is it a Hype or a Hoax?
	Blockchain Invention
		What is Blockchain?
		Blockchain Objectives
		Blockchain Benefits and Limitations
		Crypto (Bitcoin) Evolution
			Who Created Bitcoin?
			Features of Bitcoin
			Cryptocurrency Overview
			Key Layers of the Cryptocurrency (CC) Ecosystem
		Ethereum Overview
			Ethereum Smart Contract Overview
		Alternative Currencies Overview
			Overview of ICO
			How does Blockchain Work?
			Blockchain Technology Summary
			Types of Blockchain (Public/Private/Consortium/Hybrid)
			Consensus Algorithm
			Blockchain Consensus Algorithms
	DeFi (Decentralised Finance) Overview
		Most Popular Types of DeFi Applications
		Examples of DeFi Projects
		Use cases of DeFi
			Asset Management
			Compliance and Know Your Transactions (KYTs)
			DAOs
			Data and Analytics
			Derivatives
			DEXs
			Gaming
			Insurance
			Lending and Borrowing
			Marketplaces
			Payments
			Prediction Markets
			Savings
			Stablecoins
			Synthetic Assets
			Tokenisation
			Trading
			Digital Identity
			Crowdfunding
		How to get Involved in DeFi?
		Why Invest Time in dApps?
		How to Develop dApps and Launch them onto the Ethereum Network?
		How to get Started with DeFi?
		Try DeFi Applications in Real Time
		NFT Overview
			What is an NFT?
			How do NFTs Work?
			Current Examples of NFTs
			Platforms to get Involved in NFTs
		CDBC Revolution
			Potential Benefits and Challenges Related to CBDC Implementation
	Summary
2 Blockchain Products
	Blockchain Products in the Market
	Blockchain Product Comparison
	Cryptocurrency
	Smart Contract
	Dynamic Registry
	Static Registry
	Payment Infrastructure
	Identity
	DeFi and NFTs
	Others
	Comparison of top Six Platforms
	Deep Dive into Successful Products
		Bitcoin
			Use Cases
		Ethereum
			Use Cases
		Hyperledger
		Consensys Quorum
			Use Cases
		R3 Corda
			Use Cases
		Ripple
			Use Cases
3 Blockchain: Is it Hype?
	Blockchain Footprint in Multiple Sectors
		Financial Services Sector
		Capital Markets
			Overview
			Blockchain Footprint
			Use Cases
		Trade Finance
			Overview
			Blockchain Footprint
		Insurance
			Blockchain Footprint
		Supply Chain
			Blockchain Footprint
		Digital Identity
			Blockchain Footprint
		Agriculture
			Blockchain Footprint
		Telecommunications
			Blockchain Footprint
		Healthcare
			Blockchain Footprint
		Healthcare Data or EHR
		Monetising Patient Data
		Genomic Data
		Healthcare Cryptocurrency
		Provenance and Medical Histories
		Energy
			Blockchain Footprint
		Govtech
			Blockchain Footprint
			Central Bank Digital Currency (CBDC)
		Real Estate
			Blockchain Footprint
		Education
			Use Cases
		Digital Assets
			Blockchain Footprint
	Market value Positioning based on Blockchain Adoption
		Blockchain Disruption
			Financial Benefits
			Non-Financial Benefits
			Sector-Specific Benefits
	Barriers to Blockchain Adoption
	Blockchain Adoption to Solve Critical and Complex Business Problems
	Business Problems
		Business Problem #1
		Business Problem #2
		Business Problem #3
	Summary
4 Blockchain: Is it a Hoax?
	Insights on Cryptocurrencies
		Leverage
		Stablecoins
		Market Sentiment
		Crypto Fraud
	Insights on ICOs
		Successful ICOs
		Unsuccessful ICOs Including Scams and Fraud
			Dead Coins
		Avoid ICO Fraud and Investment
			Disappearing with the Investors’ Money
	Educational and Capability Gap in Blockchain Technology
		Education Gap
		University Courses on Blockchain
		Training Courses from Private Institutes
		Online and offline Resources by Universities
	Government Support
	Capability Gap in Business
		Partnership with Universities to Influence the Syllabus
		Employee Training Programme
		Employee Experience
		Resource Capacity to Support
		Process Gaps
		Business Knowledge Gap
	Use of Blockchain for Wrong Business Problems
		Key Issues Surrounding Blockchain Project Failures
	Summary
5 Blockchain Framework: A Model to Assess the Blockchain for Business use Case
	Business Problems
	Questionnaire to Assess Maturity of the Business Process
	Assess the Gaps and Recommendations
		Reference: A – Regulations
		Reference: B – Collaboration
		Reference: C – Technology
		Reference: D – Operating model
		Reference: E – Education
	Framework to Assess Blockchain use Case
		Blockchain technology usage – Decision Tree
			List of Questions
		Type of Blockchain – Selection Decision Tree
			List of Questions
		Type of Consensus – Consensus type Decision Tree
			List of Questions
		Use of Smart Contract – Smart Contract Decision Tree
			List of Questions
	Conclusion with Blockchain fit Score
6 Blockchain Strategies
	Overview
	Levels of Strategies
		Corporate Strategy
		Business Strategy
		Functional Strategy
		Types of Strategies
		Michael Porter’s Generic Strategy
			Generic Strategy
			Cost Leadership Strategy
			Differentiation Strategy
			Focus Strategy
		Selection of the Strategy
		Strategic Models
			Michael Porter’s Five Forces Strategy Model
			Porter’s Five Forces
			Summary
		PEST: Political, Economic, Social and Technological Analysis
			Overview
			What are the Areas Assessed by PEST Model?
			What are the Additional Areas Assessed by PESTLE Model?
			Application of PESTLE Model to Assess Blockchain use Case
		SWOT: Strengths, Weaknesses, Opportunities and Threats
			Overview
			Areas Assessed by SWOT
			Application of SWOT on a Company’s Blockchain use Case
		Blockchain Strategy Formulation
			Set up Vision and Mission
			Understand the External Environment and our Position
			Understand the Internal Environment and our Position
			Articulate Long-Term Objectives and Goals
		Strategy Execution
			Strategy Planning
			Communication of the Objectives and Goals
			Create Strategic and Transformational Programmes Aligned to the Strategic Plan
			Define the Operating Model
			Program and Milestone Governance
			Realignment of Human Resources to Strategic Programmes
			Capability Uplift
			Establish Centre of Excellence
			Requirements for CoE
			Steps to Establish CoE
			Benefits of CoE
			Evaluation of Strategy Execution
			Steps for Strategy Execution Evaluation
		Assess the Blockchain Strategy
			Use of the Strategic Model to Assess the Blockchain Business Value
		Blockchain Sandbox
	Conclusion
7 Blockchain Business Cases: A Framework to Produce a Business case for Blockchain
	Features and Elements of a good Blockchain Business Case
		Problem Statement
		Stakeholders
		Alignment to Strategy
		Approach
		Financial Acumen
		Business Benefits
		Risks
		Leadership
		Options
		Timelines
		Governance
	Framework to Draft a Blockchain Business Case
		Framework Template
	Approval Process of the Blockchain Business Case
	Execution of a Blockchain Business Case
		Steps
		Recommendations
	Conclusion
8 Blockchain case Study: Apply Concepts on Practical use Case
	Case study 1: Create a Platform for a Digital art Marketplace
		Background
		Strategy Execution Phases
		Problem Statement
		IOSpeed Potential Strategic Outcomes
			Strategic Outcomes
		Organisation Analysis for Strategy Formulation
			Organisation Analysis
		SWOT: Strengths, Weaknesses, Opportunities, and Threats
			Overview
			Areas Assessed by SWOT on IOSpeed
		Strategy Formulation
			Setup Vision and Mission for IOSpeed
			Understand the External Environment and our Position
			Understand the Internal Environment and our Position
			Articulate Long-Term Objectives and Goals
			Prospective Solutions
			Advantages of the Third-Party NFT Platform
			Disadvantages of the Third-Party NFT Platform
			Recommendations
			Architecture Diagram
			Advantages of the IOSpeed-owned NFT Platform
			Disadvantages of the IOSpeed-owned NFT Platform
			Recommendations
			Architecture Diagram
			Solution Selection
			Strategy Sign-off
		Strategy Execution
			Strategy Planning
			Communication of the Objectives and Goals
			Create Strategic and Transformational Programmes Aligned to the Strategic Plan
			Realignment of Human Resources to Strategic Programmes
			Capability Uplift
			Establish Centre of Excellence (COE)
			Programme and Milestone Governance
			Define the Operating Model
			Evaluation of Strategy Execution
			Lessons Learnt
		Summary
9 Conclusion
	Is Blockchain a Hype or a Hoax?
		Why Blockchain is not a Hoax?
		Why Blockchain is not a Hype?
	Best Practices to Adopt Blockchain and Gain a Competitive Advantage
	Summary
References
Index