Blockchain technology is often regarded as one of the financial industry’s greatest development. In recent years, it has taken on a more significant role in sparking change in various industries.
What is blockchain technology?
Blockchain technology is a piece of technology that structures data and shares a ledger across a worldwide network without having a central authority in the mix, making it decentralized. As opposed to standard currencies that rely on a central bank, blockchain maintains an autonomous stance in the financial market, further increasing its user-generated capabilities.
Aside from its synonymity with Bitcoin and the cryptocurrency industry as a whole, blockchain technology has also been extensively used by the world’s leading financial firms. Key figures in the financial market, such as JPMorgan Chase & Co. and The Goldman Sachs Group, have also heavily invested in blockchain technology with hopes of integrating it into their operations.
With the speculation that surrounds blockchain technology and its importance in the modern financial industry, there’s one question that you might have in mind: “What’s the best way to learn more about blockchain?”
Well, there’s one answer to this question, and it may surprise you: books. Although blockchain may not necessarily be on paper, some of the greatest opportunities to learn about it can be found in various books that have been published in recent years. As opposed to standard online articles and different sources of white paper, books best articulate a detailed overview of blockchain technology without having to come off as “too technical.”
Here are a few books that you can use to build up your technology on the subject:
1. “Blockchain” by Melanie Swan
Penned by the founder of the Institute for Blockchain Studies herself, “Blockchain” is an in-depth piece of work that mainly identifies and expounds on the practical implications of blockchain technology. In this book, Melanie Swan goes over essential concepts and instances wherein decentralized ledger technology holds a significant role, making it a suitable foundation for anyone looking to get started.
“Blockchain” is best treated as a fundamental guide on how blockchain works, what it can do, and what the future holds for it. The main message of Melanie Swan’s work is that the potential that blockchain technology holds extends far well beyond digital currencies, smart contracts, and investments.
2. “Blockchain Revolution” by Don and Alex Tapscott
Authored by the critically-acclaimed father-and-son team of Don and Alex Tapscott, “Blockchain Revolution” seeks to convey the extent of blockchain technology’s future role in an online revolution. The book, in essence, explains how the global and open platform of blockchain technology can affect what we do online, how we can capitalize on it, and who can use it.
One key point that can be found in the book is the belief that blockchain technology will soon play a critical role in the expansion of financial service capabilities and their delivery. As opposed to other definitive guides, the piece of work that the Tapscotts put out goes over exactly how blockchain technology is going to change the future of money, business, and transactions.
The most significant part about the book, however, is that every word said is based on the reality that blockchain technology is still in its infancy, assuring that the predictions made are highly possible.
3. “The Book of Satoshi” by Phil Champagne
In comparison with the other works mentioned on this list, “The Book of Satoshi” provides a more entertaining angle on the blockchain, Bitcoin, and Bitcoin’s mysterious founder: Satoshi Nakamoto.
“The Book of Satoshi” is essentially Phil Champagne’s effort of expounding on the elusive founder of the pioneering cryptocurrency, which also features a definitive collection of Nakamoto’s writings. If you find yourself asking who exactly the creator of Bitcoin may be and what he does, this book will be the one to give you the best answers.
Through the help of published books on the topic of blockchain technology, it will be much easier to learn more about all you need to know before investing your effort into it. These three works mentioned in this list will serve as a set of reference points that you can continuously use as you get deeper into the blockchain technology.
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