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

The road ahead – some additional blockchain concepts

This section includes some additional concepts that the reader might want to look at to supplement their knowledge:

  • Zero-knowledge proof (ZKP): ZKP is a mechanism that gives the user the ability to prove that they possess some specific knowledge or information without sharing the knowledge or information with the verifier or validator. ZKP workflows have been in the spotlight after a string of cybersecurity hacks in which large volumes of customer data were lost. Cybersecurity experts have been looking at ZKP workflows to counter such attacks. The solution that this technology offers is to avoid storing any data with service providers, where it can be leaked. Instead, customers can enable a ZKP workflow to verify details about themselves. Hence, if a customer is required to prove that they are above the age of 18 at...