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

Enterprise blockchain – Hyperledger


The arrival of Ethereum revolutionized blockchain technology. Applying technology to resolve business problems well beyond the financial industry has become feasible. However, there are many scenarios where Ethereum is not enough. Ethereum's issues include the following:

  • Real enterprise applications, particularly in the financial industry, require a high throughput, which can mean billions of transactions a day. The current form of Ethereum has a maximum capacity of 1.4 million a day. Bitcoin is even worse: 300,000 transactions a day. During a stress test, Bitcoin Cash reached 2.2 million. Ethereum 2.0 under development aims at getting to a billion transactions a day while maintaining a decentralized and secure public blockchain.
  • Many financial markets, for instance OTC Derivatives or FX, are permission-based. A public blockchain supported by Ethereum or Bitcoin does not meet such a need.

To satisfy their needs, well-established companies across industries...