Book Image

Mastering Blockchain - Fourth Edition

By : Imran Bashir
5 (3)
Book Image

Mastering Blockchain - Fourth Edition

5 (3)
By: Imran Bashir

Overview of this book

Blockchain is the backbone of cryptocurrencies, it has had a massive impact in many sectors, including finance, supply chains, healthcare, government, and media. It’s also being used for cutting edge technologies such as AI and IoT. This new edition is thoroughly revised to offer a practical approach to using Ethereum, Hyperledger, Fabric, and Corda with step-by-step tutorials and real-world use-cases to help you understand everything you need to know about blockchain development and implementation. With new chapters on Decentralized Finance and solving privacy, identity, and security issues, as well as bonus online content exploring alternative blockchains, this is an unmissable read for everyone who wants to gain a deep understanding of blockchain. The book doesn’t shy away from advanced topics and practical expertise, such as decentralized application (DApp) development using smart contracts and oracles, and emerging trends in the blockchain space. Throughout the book, you’ll explore blockchain solutions beyond cryptocurrencies, such as the IoT with blockchain, enterprise blockchains, and tokenization, and gain insight into the future scope of this fascinating and disruptive technology. By the end of this blockchain book, you will have gained a thorough comprehension of the various facets of blockchain and understand the potential of this technology in diverse real-world scenarios.
Table of Contents (24 chapters)
23
Index

Implementing blockchain-based IoT in practice

In the following section, a practical example is provided of how to build a simple IoT device and connect it to the Ethereum blockchain. The IoT device in this example will be connected to the Ethereum blockchain and used to open a door (in this case, the door lock is represented by a Light Emitting Diode (LED) when the appropriate amount of funds is sent by a user. Note that this is a simple example and requires a more rigorously tested version to be implemented in production.

The prerequisite hardware components are listed as follows:

  • A Raspberry Pi device, which is a Single Board Computer (SBC). The Raspberry Pi is an SBC developed as a low-cost computer to promote computer education, but it has also gained much more popularity as the tool of choice for building IoT platforms. You may be able to use earlier models too, but those have not been tested. You can explore more about Raspberry Pi at https://www.raspberrypi.com...