Book Image

Blockchain Development for Finance Projects

By : Ishan Roy
Book Image

Blockchain Development for Finance Projects

By: Ishan Roy

Overview of this book

Blockchain technology will continue to play an integral role in the banking and finance sector in the coming years. It will enable enterprises to build transparent and secure business processes. Experts estimate annual savings of up to 20 billion dollars from this technology. This book will help you build financial apps using blockchain, guiding you through enhancing popular products and services in the banking and finance sector. The book starts by explaining the essential concepts of blockchain, and the impact of blockchain technology on the BFSI sector. Next, you'll delve into re-designing existing banking processes and building new financial apps using blockchain. To accomplish this, you'll work through eight blockchain projects. By demonstrating the entire process, the book helps you understand everything from setting up the environment and building frontend portals to system integration and testing apps. You will gain hands-on experience with the Ethereum, Hyperledger Fabric, and Stellar to develop private and public decentralized apps. Finally, you'll learn how to use ancillary platforms and frameworks such as IPFS, Truffle OpenZeppelin, and MetaMask. By the end of this blockchain book, you'll have an in-depth understanding of how to leverage distributed ledgers and smart contracts for financial use cases.
Table of Contents (17 chapters)
Section 1: Blockchain Payments and Remittances
Section 2: Blockchain Workflows Using Smart Contracts
Section 3: Securing Digital Documents and Files Using Blockchain
Section 4: Decentralized Trading Exchanges Using Blockchain
Appendix: Application Checklist


That brings us to the end of this chapter. This chapter should help you design complex currency asset exchanges and market makers on the Stellar payments network. You can run this on a private blockchain network or on a public instance of the Stellar network. It's a great tool to inboard traditional market makers to blockchain payment networks.

We started this chapter by looking at Stellar's distributed exchange and the concept of market makers. We set up a private Stellar network instance with Horizon and Stellar Core. We then created user accounts for trading and issuing assets. We created three trading assets—namely, US Dollar (USD), Pound (GBP), and Euro (EUR)—and funded our trading account with these assets. Lastly, we created our currency exchange on top of the private Stellar network and ran the entire currency exchange end to end.

The main...