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

Chapter 4. Blockchain 101 - Blocks, Chains, and Consensus

In the previous chapter, we looked at the three fundamental concepts of the blockchain: assetstransactions, and hashes. Assets are a digital representation of the things we transact on a blockchain through a transaction, which holds information about the assets that are transferred from one entity to another. You learned about the underlying transaction mechanism, what structure is used by a transaction, and how you can send transactions to another entity in the network. Besides transactions, we touched upon the concept of hashes, which allows us to create a secure signature that can be used to verify atransaction.

In this chapter, we will look into the building blocks of the blockchain itself: blocks, chains, and consensus. Using a step-by-step approach, I will explain how single blocks of transactions can create a stack that can be secured in such a way that it creates a chain surrounding these blocks, also called a blockchain...