And that is only the beginning.
New understandings and applications of blockchain technology are showing that it can be used in elections, campaign finance, gun control, tracking where food and other products come from, creating a more democratic distribution of information, empowering refugees, and enabling deep learning. These are just a few of the ideas that are being spawned off of blockchain technology, and the list is growing every day.
Inside this book, you will find information on the different types of blockchains, their uses, and some of the controversy surrounding them. You will learn how to build your own blockchain, including many of the computer codes that you will need to use in order to create the basic model. It will also guide you through the process of implementing a side chain, whether you choose to do so by forking off of an established blockchain or using a platform like Element or Lisk.
The next chapter will guide you through some of the innovative ways that major companies, like Microsoft, Deloitte, and Tesla, are using blockchain to create new products, enhance security, and better meet their clients' needs. You will also learn how some governments, notably Japan and Russia, are using blockchain to provide higher levels of transparency and improved government practices.
The following chapter will guide you through some popular blockchain platforms that you can use to build your own programs. These include Lisk, Blockstack, Ethereum, and Azure. You will even learn how to use Lisk and Blockstack with step-by-step guides that will take you through the process.
The final chapter will look at some of the future potential for blockchain. This includes deep learning, a field of artificial intelligence in which machines are embedded with complex neural networks that enable them to learn new information without a human programming it into them. It also includes means of government participation, like voting and campaign finance. It looks at Iota, a new blockchain-like technology that utilizes something called Tangle to achieve higher levels of scalability and microtransactions across the growing Internet of Things. It also looks at how blockchain can be used to track the sales of weapons, aid in refugee resettlement, reduce the corruption associated with foreign aid, and spread information more democratically.
By the time you finish this book, you will find yourself positioned on the cutting edge of blockchain technology. You will not only understand how it works but be equipped to implement it in such a way that you are riding on the wave of tomorrow.