Planning the Blockchain

Abstract

The preceding steps uncovered the relation between trust, integrity, purely distributed peer-to-peer systems, and the blockchain. As a result, you now have a good understanding of what the blockchain is, why it is needed, and what problem it solves. However, you still do not know how the blockchain works internally. This step provides a first impression of how the blockchain works by explaining the general application scenario that will guide you through the succeeding steps. It also highlights the major tasks in designing a blockchain for managing ownership and provides an overview of its major concepts.