Book Image

Advanced Blockchain Development

By : Imran Bashir, Narayan Prusty
Book Image

Advanced Blockchain Development

By: Imran Bashir, Narayan Prusty

Overview of this book

Blockchain technology is a distributed ledger with applications in industries such as finance, government, and media. This Learning Path is your guide to building blockchain networks using Ethereum, JavaScript, and Solidity. You will get started by understanding the technical foundations of blockchain technology, including distributed systems, cryptography and how this digital ledger keeps data secure. Further into the chapters, you’ll gain insights into developing applications using Ethereum and Hyperledger. As you build on your knowledge of Ether security, mining, smart contracts, and Solidity, you’ll learn how to create robust and secure applications that run exactly as programmed without being affected by fraud, censorship, or third-party interference. Toward the concluding chapters, you’ll explore how blockchain solutions can be implemented in applications such as IoT apps, in addition to its use in currencies. This Learning Path also highlights how you can increase blockchain scalability, and discusses the future scope of this fascinating and powerful technology. By the end of this Learning Path, you'll be equipped with the skills you need to tackle pain points encountered in the blockchain life cycle and confidently design and deploy decentralized applications.
Table of Contents (25 chapters)
Title Page
Copyright and Credits
About Packt
Contributors
Preface
15
Blockchain - Outside of Currencies
16
Scalability and Other Challenges
Index

Emerging trends


Blockchain technology is under rapid change and intense development due to the deep interest in it by academics and the commercial sector. As the technology is becoming mature, a few trends have started to emerge recently. For example, private blockchains have recently gained quite a lot of attention due to their specific use cases in finance. Also, enterprise blockchains are another new trend that is aiming to develop blockchain solutions that meet enterprise-level efficiency, security, and integration requirements. Some of the trends are listed here and discussed.

Application-specific blockchains (ASBCs)

Currently, an inclination toward ASBCs is noticed, whereby a blockchain or distributed ledger is specially developed for only one application in mind and is focused on a specific industry, for example, Everledger, (https://www.everledger.io) which is a blockchain that has been developed to be used for providing an immutable tracing history and audit trail for diamonds and...