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

Chapter 17. Building a Consortium Blockchain

Consortiums (an association, typically of several participants such as banks, e-commerce sites, government entities, hospitals, and so on) can use blockchain technology to solve many problems and make things faster and cheaper. Although they figure out how blockchain can help them, an Ethereum implementation of blockchain doesn't specifically fit them for all cases. Although there are other implementations of blockchain (for example, Hyperledger) that are built specially for consortium, as we learned Ethereum throughout the book, we will see how we can hack Ethereum to build a consortium blockchain. Basically, we will be using parity to build a consortium blockchain. Although there are other alternatives to parity, such as J.P. Morgan's quorum, we will use parity as at the time of writing this book, it has been in existence for some time, and many enterprises are already using it, whereas other alternatives are yet to be used by any enterprises...