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


So, we come to the end of our second chapter. If this is your first time building a blockchain application, this chapter should have helped you to identify the different components of a blockchain application. If you are new to creating and issuing tokens on blockchains, this should have helped you to grasp the concept and give you some ideas on how you can implement them as part of your projects.

We started this chapter by looking at the concept of fungible and non-fungible tokens and the business cases you can implement using these tokens. We also looked at the smart contract standards for these tokens and how they can be implemented using Solidity and OpenZeppelin. We created a mintable fungible token called MoolahCoin and a non-fungible token called Condos using these resources. Finally, we built a wallet app to manage the tokens we issued on the blockchain using ReactJS...