Book Image

Blockchain Development with Hyperledger

By : Salman A. Baset, Luc Desrosiers, Nitin Gaur, Petr Novotny, Anthony O'Dowd, Venkatraman Ramakrishna, Weimin Sun, Xun (Brian) Wu
Book Image

Blockchain Development with Hyperledger

By: Salman A. Baset, Luc Desrosiers, Nitin Gaur, Petr Novotny, Anthony O'Dowd, Venkatraman Ramakrishna, Weimin Sun, Xun (Brian) Wu

Overview of this book

Blockchain and Hyperledger are open source technologies that power the development of decentralized applications. This Learning Path is your helpful reference for exploring and building blockchain networks using Ethereum, Hyperledger Fabric, and Hyperledger Composer. Blockchain Development with Hyperledger will start off by giving you an overview of blockchain and demonstrating how you can set up an Ethereum development environment for developing, packaging, building, and testing campaign-decentralized applications. You'll then explore the de facto language Solidity, which you can use to develop decentralized applications in Ethereum. Following this, you'll be able to configure Hyperledger Fabric and use it to build private blockchain networks and applications that connect to them. Toward the later chapters, you'll learn how to design and launch a network, and even implement smart contracts in chain code. By the end of this Learning Path, you'll be able to build and deploy your own decentralized applications by addressing the key pain points encountered in the blockchain life cycle. This Learning Path includes content from the following Packt products: • Blockchain Quick Start Guide by Xun (Brian) Wu and Weimin Sun • Hands-On Blockchain with Hyperledger by Nitin Gaur et al.
Table of Contents (25 chapters)
Title Page
Copyright
About Packt
Contributors
Preface
Index

The evolution of blockchain


Blockchain technology is still at an early stage. It will take many years before it becomes mature and its potential is fully explored and harnessed. Currently, there is no universally agreed way to classify or define blockchain generation.

In her book on blockchain, Melanie Swan defined blockchain 1.0 to 3.0 based on the use scenarios that blockchain platforms are created to serve:

"Blockchain 1.0 is currency, the deployment of cryptocurrencies in applications related to cash, such as currency transfer, remittance, and digital payment systems.

Blockchain 2.0 is contracts, the entire slate of economic, market, and financial applications using the blockchain that are more expensive than simple cash transactions: stocks, bonds, futures, loans, mortgages, titles, smart property, and smart contracts.

Blockchain 3.0 is blockchain applications beyond currency, finance, and markets - particularly in the areas of government, health, science, literacy, culture, and art."

Some...