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)
1
Section 1: Blockchain Payments and Remittances
7
Section 2: Blockchain Workflows Using Smart Contracts
9
Section 3: Securing Digital Documents and Files Using Blockchain
11
Section 4: Decentralized Trading Exchanges Using Blockchain
Appendix: Application Checklist

Summarizing our journey

We started this book by understanding how the banking and financial services industry operates today. We looked at blockchain technology and how it can make a difference in the financial sector. We looked at how to approach building financial applications using blockchain. We wrapped up our first chapter by taking a look at some of the popular blockchain platforms being used for financial applications. These include Ethereum, Hyperledger Fabric, and Stellar.

In Chapter 2, Building a blockchain Wallet for Fungible and Non-Fungible Assets, we worked on a blockchain wallet for holding both fungible and non-fungible tokens. This chapter looks at the concept of fungibility and how Ethereum smart contracts can be used to issue fungible and non-fungible tokens. Next, we built a wallet app that allows us to send and receive tokens. Additionally, you can approve...