Do you want to know more about the technology behind cryptocurrencies? That even the Reserve Bank of Australia (RBA) is exploring use cases for central bank digital currency (CBDC)? So this book gives a lot of information about the concepts behind blockchains.

Various industries, including insurance, are looking for ways to apply blockchains to their businesses. Therefore, current actuaries and student members looking into blockchain will benefit from reading this book. A bit of computer background might help you understand some computer networking concepts, but it’s not required, as the book introduces these concepts from the beginning as well

Daniel Drescher explains various blockchain concepts using analogies instead of mathematics. The analogies in the book helped me visualize the concepts and how they apply in real world settings. An analogy that got me thinking, “I never saw it that way!”, was the difference between authorization and authentication, which we usually see when logging into websites[1]. So, I learned more than just what blockchains do, I also learned real world problems and how institutions solve them.

Do I think differently after reading the book? Yes. Before reading the book, I thought blockchain was:

After reading the book, I learned that:

I highly recommend this book for actuaries and student members who:

are looking for a less technical introduction to blockchain;

acquiring additional computer skills; o

Interested in cryptography and its application.

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