Blockchain technology will play a disruptive role in banking, finance services, and insurance (BFSI) in the coming years. Experts estimate annual savings of up to 20 billion dollars from this technology. This book will help you build fully fledged financial applications using blockchain, enabling you and your enterprise to build transparent and secure business processes.
This book will walk you through reimagining some of the most popular products and services of BFSI. The book starts with common blockchain concepts and the impact of blockchain technology in the BFSI sector. Next, we look at re-designing existing banking processes and building new financial applications using blockchain. This will be accomplished through eight detailed blockchain projects. You'll be guided through the entire process, from environment setup to building the frontend portals/dashboards along with the system integration and testing aspects for the applications. You will gain hands-on experience with Ethereum, Hyperledger Fabric, and Stellar. You will learn how to use ancillary platforms such as IPFS, the Truffle Suite, QpenZeppelin, and MetaMask to build applications as well.
By the end of the book, you will have an in-depth understanding of how to leverage distributed ledgers and smart contracts for financial use cases.