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Antony Welfare - Commercializing Blockchain: Strategic Applications in the Real World

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Antony Welfare Commercializing Blockchain: Strategic Applications in the Real World
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The accessible, non-technical guide to applying and benefiting from blockchain technology. Blockchain has grown at an enormous rate in a very short period of time. In a business context, blockchain can level the playing field between small and large organisations in several ways: Exact copies of the immutable, time-stamped data is held by all parties, all transactions can be viewed in real time, data blocks are cryptographically linked, all raw materials are traceable and smart contracts ensure no middle-men, ease of audit and reduced friction. The trust, transparency, security, quality and reduced costs of blockchain make it a game-changing technology that crosses sectors, industries and borders with ease. Even though the technologies are ready for adoption, businesses remain largely unaware of their full potential and effective implementation. End users require accurate and up-to-date information on the practical applications of blockchain-Commercializing Blockchain provides it. A practical and easy-to-understand guide to blockchain, this timely book illustrates how this revolutionary technology can be used to transform governments, businesses, enterprises and entire communities. The author draws from his experience with global retailers, global technology companies, UCL Centre for Blockchain technologies, the government of the UK, Retail Blockchain Consortium and many other sources to present real-world case studies on the use and benefits of blockchain. Topics include financial transactions, tokenisation, identity management, supply chain transparency, global shipping and freight, counterfeiting and more. Provides practical guidance for blockchain transactions in business operations -Provides practical guidance for blockchain transactions in business operations -Demonstrates how blockchain can add value and bring increased efficiency to commercial operations -Covers all of the essential components of blockchain such as traceability, provenance, certification and authentication -Requires no technical expertise to embrace blockchain strategies Commercializing Blockchain: Strategic Applications in the Real World is ideal for enterprises seeking to develop and deploy blockchain technology, particularly in areas retail, supply chain and consumer goods.;Introduction -- Introduction to blockchain technology -- Types of blockchain -- Enterprise blockchain -- What does blockchain solve? -- Blockchain powering the new marketplace model -- Where can blockchain technology be applied? -- Blockchain adoption -- First use cases -- What makes it work? blockchain best practice -- How to commercialize blockchain/reach its potential -- Risks of implementing blockchain technology -- Blockchain is better when used with existing and other emerging technologies -- Future of blockchain -- Use cases in real world-2019 highlights -- Retail blockchain consortium -- Index -- EULA.

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Table of Contents List of Illustrations Chapter 6 Guide Pages - photo 1
Table of Contents
List of Illustrations
  1. Chapter 6
Guide
Pages
Commercializing Blockchain
Strategic Applications in the Real World

Antony Welfare

Commercializing Blockchain Strategic Applications in the Real World - image 2

This edition first published 2019
2019 John Wiley & Sons Ltd.

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John Wiley & Sons Ltd, The Atrium, Southern Gate, Chichester, West Sussex, PO19 8SQ, United Kingdom

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Limit of Liability/Disclaimer of Warranty: While the publisher and author have used their best efforts in preparing this book, they make no representations or warranties with respect to the accuracy or completeness of the contents of this book and specifically disclaim any implied warranties of merchantability or fitness for a particular purpose. It is sold on the understanding that the publisher is not engaged in rendering professional services and neither the publisher nor the author shall be liable for damages arising herefrom. If professional advice or other expert assistance is required, the services of a competent professional should be sought.

Library of Congress Cata-loging-in-Publication Data is Available:

ISBN 978-1-119-57801-7 (hardback)
ISBN 978-1-119-57802-4 (ePDF)
ISBN 978-1-119-57803-1 (epub)

Cover Design: Wiley
Cover Image: Visual Generation / Shutterstock

About the Author
The Retailer

I am a lifelong retailer, author of the #1 Bestseller The Retail Handbook, qualified accountant and a Blockchain leader, helping to develop, and understand, the new technologies transforming retail, CPG and supply chain businesses. Being born into a retail family, and working since a young age, has given me an insatiable desire to grow, develop, and nurture business and change within business.

The world is transforming at an ever faster pace and keeping track of the latest technologies inspires me to learn more, and help others understand the transformational impacts of these technologies. I started my research into Blockchain in 2016 and have learnt more than most about the technology and its impact on business and society.

I am a Blockchain advisor to the UK Government, a lecturer on the UCL Executive Blockchain programme, and judge and retail advisor for Blockchain Live. I run the Retail Week Technology blog for Oracle, and am a speaker on Blockchain at many events, including Tech: Retail Week, FT Future of Retail and Retail 4.0 (Berlin).

I focus on the retail and supply chain use cases for Blockchain, and other complementary technologies such as IoT, AI/ML, and RPA.

My experience in Blockchain has led me to inspire hundreds of people on the future of Blockchain, so that together we can learn how this technology will transform our lives. I have spoken at many events in the UK, Europe, South America, and Canada to all people interested in Blockchain and the transformational opportunities it gives.

Crypto Investment

My interest in Blockchain started in February 2016 when I asked a colleague What is Bitcoin? And why are retailers not using it? Little did I know, that one conversation would open my mind to the potential of Blockchain technology. I spent three months researching, discussing, and finding out how Blockchain worked, using books and online information, and attending meetups. During this research I came across Ethereum and started to research Ethereum in depth.

In August 2016, I bought my first 11 ETH for 8.88 each 100 well spent. Once I was literally invested, I started to research daily. I kept my focus on Ethereum, as this is a true Blockchain and can support many types of Blockchain use case. I joined the Enterprise Ethereum Alliance and attended many of the Ethereum meetups when there were less than 100 of us (now there are 1000s attending these meetups!).

Blockchain Leadership

As a leader in the Blockchain world, I spend most of my days working with organizations providing Blockchain technology solutions for organizations wanting to use Blockchain solutions. I meet many different people each day, and find out more about the future of Blockchain technology all the time.

My main role is to develop and deliver the Blockchain message to help people understand the future potential. This helps to bring more people into the ecosystem who can contribute to the development of the Blockchain solutions.

I keynote at many conferences and ensure that my focus is on the practical use cases of Blockchain technology. I enjoy presenting the vision of the future to people from all walks of life and experience. After all my keynotes, I am inundated with questions and eager people wanting to learn more (one of the main reasons for writing this book).

About the Contributors

We are at the beginning of the Blockchain technology revolution and as such, not one person can call themselves an expert in Blockchain technology, which, together with the speed of the movement in Blockchain technologies, means that I have introduced a number of Blockchainers to contribute to this book.

They are all clearly referenced in their sections within the book, but I want to thank them all at the beginning their expertise and input, will give you the reader, a deeper and more varied understanding of this revolutionary technology.

The majority of my contributors have given their view on the future of Blockchain in their own words have a look at the final chapter to see what these global Blockchain experts (plus a few more) think the future of Blockchain holds a very interesting read!

My contributors, in no particular order:

  • Damien Moore MP Member of Parliament for Southport and Chairman of the All-Party Parliamentary Group (APPG) for Blockchain. Damien was born in Cumbria and spent most his childhood there. He moved to Preston in 2002 where he studied for a bachelor's in history at the University of Central Lancashire. He spent the majority of his career in the retail sector and was a retail manager for supermarket chain ASDA before becoming an MP. Since being elected to Parliament, Damien has been elected onto the Science & Technology Committee and the Petitions Committee and is also involved in many All-Party Parliamentary Groups (APPGs). He is Chair of the APPGs for Tunisia and Blockchain.
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