Book Image

Blockchain for Enterprise

By : Narayan Prusty
Book Image

Blockchain for Enterprise

By: Narayan Prusty

Overview of this book

The increasing growth in blockchain use is enormous, and it is changing the way business is done. Many leading organizations are already exploring the potential of blockchain. With this book, you will learn to build end-to-end enterprise-level decentralized applications and scale them across your organization to meet your company's needs. This book will help you understand what DApps are and how the blockchain ecosystem works, via real-world examples. This extensive end-to-end book covers every blockchain aspect for business and for developers. You will master process flows and incorporate them into your own enterprise. You will learn how to use J.P. Morgan’s Quorum to build blockchain-based applications. You will also learn how to write applications that can help communicate enterprise blockchain solutions. You will learn how to write smart contracts that run without censorship and third-party interference. Once you've grasped what a blockchain is and have learned about Quorum, you will jump into building real-world practical blockchain applications for sectors such as payment and money transfer, healthcare, cloud computing, supply chain management, and much more.
Table of Contents (14 chapters)
Title Page
Packt Upsell

Building a FedCoin

FedCoin is a digital currency issued by a central bank and hedged one to one with their fiat currency. Digitalizing fiat currency using blockchain has several benefits, such as enabling easy cross-border payments, saving reconciliation efforts, and so on. 

Let's build some digitalized INR and USD on two different blockchain networks. Then, let's create some atomic swap contracts to enable the exchange of these currencies between banks atomically. This use case would require you to create two different Quorum networks using IBFT consensus. In each network there is one authority, which is the central bank, and N number of peers, which are other banks. So, you can assume that in the first network, the Federal Reserve System (FRS) is the authority and Bank of America (BOA) and ICICI banks are the peers. Similarly, in the second network, the Reserve Bank of India (RBI) is the authority and BOA and the ICICI bank are the peers.

You don't have to build this network now because...