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

Extending concepts to other applications

You can easily extend the concepts covered in the projects in this book to other applications. Following are a few examples of modules that can be modified and extended to other applications:

  • Wallets: As we discussed earlier, wallets are the most common module across blockchain applications. It's almost impossible to build a blockchain application without it. Wallets that hold fungible and non-fungible tokens can be used as payment wallets, digital identity cards, smart cards, ownership documents, and custodians of other transferable and non-transferable assets.
  • Tokens: Tokens form the building blocks of many blockchain applications. Tokens can be used to represent a myriad of fungible and non-fungible assets for accounting purposes in blockchains. In cases where you need to track provenance and auditability of a real-world asset...