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Blockchain: Blueprint for a New Economy 1st Edition
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Bitcoin is starting to come into its own as a digital currency, but the blockchain technology behind it could prove to be much more significant. This book takes you beyond the currency ("Blockchain 1.0") and smart contracts ("Blockchain 2.0") to demonstrate how the blockchain is in position to become the fifth disruptive computing paradigm after mainframes, PCs, the Internet, and mobile/social networking.
Author Melanie Swan, Founder of the Institute for Blockchain Studies, explains that the blockchain is essentially a public ledger with potential as a worldwide, decentralized record for the registration, inventory, and transfer of all assets—not just finances, but property and intangible assets such as votes, software, health data, and ideas.
Topics include:
- Concepts, features, and functionality of Bitcoin and the blockchain
- Using the blockchain for automated tracking of all digital endeavors
- Enabling censorship?resistant organizational models
- Creating a decentralized digital repository to verify identity
- Possibility of cheaper, more efficient services traditionally provided by nations
- Blockchain for science: making better use of the data-mining network
- Personal health record storage, including access to one’s own genomic data
- Open access academic publishing on the blockchain
This book is part of an ongoing O’Reilly series. Mastering Bitcoin: Unlocking Digital Crypto-Currencies introduces Bitcoin and describes the technology behind Bitcoin and the blockchain. Blockchain: Blueprint for a New Economy considers theoretical, philosophical, and societal impact of cryptocurrencies and blockchain technologies.
- ISBN-109781491920497
- ISBN-13978-1491920497
- Edition1st
- PublisherO'Reilly Media
- Publication dateFebruary 24, 2015
- LanguageEnglish
- Dimensions7 x 0.35 x 9.19 inches
- Print length152 pages
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About the Author
Melanie Swan is the Founder of the Institute for Blockchain Studies and a Contemporary Philosophy MA candidate at Kingston University London and Université Paris VIII. She has a traditional markets background with an MBA in Finance from the Wharton School at the University of Pennsylvania, and work experience at Fidelity and JP Morgan. She has a new markets background as an entrepreneur and advisor to startups GroupPurchase and Prosper, and developed virtual world digital asset valuation and accounting principles for Deloitte. She was involved in the early stages of the Quantified Self movement, and founded DIYgenomics in 2010, an organization that pioneered the crowdsourced health research study. She is an instructor at Singularity University, an Affiliate Scholar at the Institute for Ethics and Emerging Technologies, and a contributor to the Edge’s Annual Essay Question.
Product details
- ASIN : 1491920491
- Publisher : O'Reilly Media; 1st edition (February 24, 2015)
- Language : English
- Paperback : 152 pages
- ISBN-10 : 9781491920497
- ISBN-13 : 978-1491920497
- Item Weight : 9.5 ounces
- Dimensions : 7 x 0.35 x 9.19 inches
- Best Sellers Rank: #1,224,001 in Books (See Top 100 in Books)
- #214 in Computer Cryptography
- #275 in Web Encryption
- #732 in Digital Currencies
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However, while reading this book, I couldn't help but feel there is a huge disconnect between what is theoretically possible with Blockchain technology, and what is more likely. There is a strong Libertarian stream that flows through most discussions of Bitcoin and Blockchain, and that was certainly true with this book, even if the author never uses the word itself. And hence there is a massive underestimation of the political will necessary to make most of this vision happen. There are just too many entrenched, powerful players that have a vested interest in working against this technology, or at least the vision for this technology given here.
Worse, for many of the examples given in this book to be implemented, the world would need to look much differently from what it does today. Swan writes, "Blockchain technology...is a new class of thing like the internet,..a revolutionary organizing paradigm for human collaboration,...a liberty and equality enhancement tool..." Ok, fair enough, who doesn't want their liberty enhanced? But we are governed by the likes of Louie Gohmert and Michelle Bachman, the head of the US Senate committee on the environment believes Jesus will save us from global warming (which is a hoax anyway, according to him), and yet somehow Blockchain will rise above all of this inanity to create its own, utopian structures for the good of our citizens? Hardly.
And do we even want this type of world if we found the political will to implement it? There is always an assumption from Libertarian types, left unspoken, that the masses are just like them: educated, rational, etc. But America is more Jersey Shore than All Things Considered. If we were a nation of 300 million C++ programmers, perhaps a vision of this type would work. Sadly (or thankfully), that is not the case.
Still, this book is incredibly provocative, there is a lot here to digest, the author has done a very good job of giving the reader a glimpse into what could, theoretically, one day, perhaps, possibly happen. That is what I had hoped to find, and that is why I would definitely recommend this book to others.
On the other hand there is the incredibly poor research that the book is based on. Posts in chatrooms and at the bottom of some blog count for the author as substance enough to expound on the great potentials already being worked out in the blockchain community. Fair enough, this kind of research will save you the time of browsing a few websites yourself; the problem, though, is that the author seems to make the subtle leap from the sometimes interesting content of these internet-comments to deducing broad academic significance of them and elaborating them in an academic language that seems to establish their significance as already accepted(Deleuze and Heidegger get mentioned a couple times, strangely). That, unfortunately is far from the truth and what you end-up with is an endlessly recurring confrontation with the naivete of the author and or their ignorance of what should count as real research on a topic and or their attempt to evangelize something in a revolutionary language in order to drum-up interest, all integrity put aside. And that's also the problem I see in this space generally: one 'white-paper' after another, another long 'logical analysis' of the security of a 'coin' decomposing into increasingly complex system of conditional 'proofs' relying on nothing more than basic natural language for their establishment. Too much of it is amateurs simulating professionalism or ignorance masquerading as intelligence..
Anyway, apologies for my rant. I think this stuff is interesting, the blockchain, etc. But this book doesn't amount to much more than a collection of notes that would probably, if properly edited, fit on a single sheet of paper front and maybe back.
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I wish it could go way deeper in a Blockchain architecture and the methodologies to create your own blockchain as well as the way to exploit existing ones.
Anyway, this book contains Case Studies that are really interesting and they will help anybody willing to dive into the Blockchain technology.
Melanie Swan is a renown writer of some skill, and has tremendous credibility in the field of blockchain. She's done Ted Talks and the University circuit (was just at mine last week) and is a techno-evangelist for blockchain - mainly, its potential for our economy. Currently I'm working on a PhD on blockchain, so I read everything on the topic (despite ratings) but I expected more from Swan in this book, and the fact that it is an O'Reilly text.
Pros: Provides a good primer on blockchain; is a quick introduction to the concept and its application; can be read easily and quickly without previous knowledge of the field; introduces many field-specific terms.
Cons: The book is light and thin; its printed length is only 130 pages including appendices and index; you will finish it in 2-3 hours (one night for most people); it reads like a seminar; it lacks any real depth into the topic; it is dated (was written in 2014 at the cusp of blockchain's exposure).
O'Reilly no doubt went light with this one to rush into the market space on blockchain for 2015; but as we head into 2018 there are many more books that can give a much better overview or managerial summary, including some fairly advanced web resources. However, it still gets 3 stars because for what is written, it is applicable and educational, and hints at the true knowledge Swan holds on the topic.
Reviewed in Canada 🇨🇦 on December 16, 2017
Melanie Swan is a renown writer of some skill, and has tremendous credibility in the field of blockchain. She's done Ted Talks and the University circuit (was just at mine last week) and is a techno-evangelist for blockchain - mainly, its potential for our economy. Currently I'm working on a PhD on blockchain, so I read everything on the topic (despite ratings) but I expected more from Swan in this book, and the fact that it is an O'Reilly text.
Pros: Provides a good primer on blockchain; is a quick introduction to the concept and its application; can be read easily and quickly without previous knowledge of the field; introduces many field-specific terms.
Cons: The book is light and thin; its printed length is only 130 pages including appendices and index; you will finish it in 2-3 hours (one night for most people); it reads like a seminar; it lacks any real depth into the topic; it is dated (was written in 2014 at the cusp of blockchain's exposure).
O'Reilly no doubt went light with this one to rush into the market space on blockchain for 2015; but as we head into 2018 there are many more books that can give a much better overview or managerial summary, including some fairly advanced web resources. However, it still gets 3 stars because for what is written, it is applicable and educational, and hints at the true knowledge Swan holds on the topic.

