Book Image

Blockchain across Oracle

By : Robert van Molken
Book Image

Blockchain across Oracle

By: Robert van Molken

Overview of this book

Blockchain across Oracle gives you the professional orientation to Blockchain that you need as an Oracle developer in today’s changing world. Written and prepared for you by Oracle Developer Champion Robert van Mölken, this book gets you up to speed with the details of the Blockchain - core concepts, how to implement Oracle’s Blockchain Cloud Service, industry implications for the Blockchain, and how the Blockchain will affect your Oracle customers. Robert van Mölken introduces you to the history and concepts of the Blockchain. You’ll really get to understand the Blockchain inside and out, as an Oracle developer or solution architect. You’ll understand the Blockchain flow, and how the hashes and chains create a new decentralised paradigm for you as an Oracle developer. You’ll gain insights into how the Blockchain affects Oracle developers and customers in this modern and disruptive era. You’ll see how the Blockchain concepts work in this new world where Assets, Transactions, Security, and Privacy, can all be sustained across a decentralized system for your customers. Then you'll find a detailed look at the cutting-edge Oracle middleware solutions. You’ll learn about Hyperledger Fabric, the opensource Blockchain framework used by Oracle as its core, and how to set up your own Oracle Blockchain Network. You’ll design and develop a smart contract, and learn how to run it on the Oracle Blockchain Cloud Service. The final part of the book looks at how the Blockchain will affect your customers across various industry sectors. By studying industry trends in the financial services sector, healthcare industry, and the transport industry, you’ll discover how the options and possibilities for you and your clients are being transformed by the Blockchain across Oracle. You’ll complete this professional orientation by looking at Blockchain trends and future directions.
Table of Contents (24 chapters)
Title Page
Packt Upsell
Contributors
Preface
3
Blockchain 101 - Assets, Transactions, and Hashes
4
Blockchain 101 - Blocks, Chains, and Consensus
Index

Use case – MonetaGo – bill discounting


Throughout this book, you learned a lot about Hyperledger Fabric and the Blockchain Cloud Service of Oracle. So, it would be great to discuss the first blockchain production network using Fabric. In April 2018, a company called MonetaGo (https://monetago.com/) went live with a blockchain that provided secure, fraud-proof factoring of invoices for micro, small, and medium-sized enterprises in India. 

You might ask, "What does factoring mean?" Let me explain this term.

Invoice factoring is a financial transaction and a type of financing option available to businesses that invoice business (B2B) or government agencies. Factoring provides short-term working capital to businesses in exchange for selling their accounts receivable (invoices) and assigning those invoices to a third party, called a factor. In return for a discount, the factor advances the business roughly 80% of the invoice's value. Once the invoice is paid, the factor pays the remaining 20% minus...