Blockchain is an emerging technology that can radically improve security in transaction networks, it provides the basis for a dynamic distributed ledger that can be applied to save time when recording transactions between parties, remove costs associated with intermediaries, and reduce risks of fraud and tampering. This book explores the fundamentals and applications of Blockchain technology; the transparent, secure, immutable and distributed database used currently as the underlying technology for Cryptocurrency. Decentralized peer-to-peer network, distributed ledger and the trust model that defines Blockchain technology will be explained. Components of Blockchain, its operations, underlying algorithms, and essentials of trust will be defined. Types of Blockchain networks including private and public Blockchain networks will be introduced. Concepts of smart contracts, proof of work and proof of stack will be clarified. The relationship between Blockchain technology, Internet of Things (IoT), Artificial Intelligence (AI), Cybersecurity and Digital Transformation will be explored in this book. Myths about Blockchain will be exposed and a look at the future of Blockchain will be presented. Topics will be covered in this book: Blockchain technology, Smart contracts, Hashing, SHA-256 Hash, Verification, Validation, Consensus models, Digital Mining, Hard fork, Soft fork, Bitcoin, Ethereum, Proof of work, Proof of stack, Myths about Blockchain, Decentralized peer-to-peer network, Types of Blockchain networks, Hot and Cold Wallets, Double Spend, Decentralized Applications, Transaction networks, Sidechains, 51% attack, Cryptocurrency, Digital transformation, Internet of Things (IoT), Artificial Intelligence (AI), Cybersecurity and the Future of Blockchain.
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Prof Ahmed Banafa has extensive experience in research, operations, and management, with a focus on IoT, Blockchain, Cybersecurity, and AI. His researches cited in studies by international organizations in- cluding: NATO, WTO, and APEC. He is a reviewer and a technical contributor for several technical books. He served as an instructor at well-known universities and colleges, including Stanford University, University of California, Berkeley; California State University-East Bay; San Jose State University; and the University of Massachusetts. He is the recipient of several awards, including Distinguished Tenured Staff Award, Instructor of the year for 4 years in a row, and Certificate of Honor from the City and County of San Francisco. He was named as No.1 tech voice to follow, technology fortune teller and influencer by LinkedIn in 2018 by LinkedIn, his research featured in many reputable sites and magazines including Forbes, IEEE, and MIT Technology Re-view, and Interviewed by CNN, ABC, CBS, NBC, BBC, NPR and Fox TV and Radio stations. He is a member of the MIT Technology Review Global Panel. He studied Electrical Engineering at Lehigh Universi- ty, Cybersecurity at Harvard University and Digital Transformation at Massachusetts Institute of Technology (MIT). He is the author of the books: Secure and Smart Internet of Things (IoT) using Blockchain and Artificial Intelligence (AI), and Blockchain Technology and Ap- plications. Winner of Author & Artist Award 2019 of San Jose State University for "Secure and Smart IoT" Book.
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