Book Image

Blockchain with Hyperledger Fabric - Second Edition

By : Nitin Gaur, Anthony O'Dowd, Petr Novotny, Luc Desrosiers, Venkatraman Ramakrishna, Salman A. Baset
Book Image

Blockchain with Hyperledger Fabric - Second Edition

By: Nitin Gaur, Anthony O'Dowd, Petr Novotny, Luc Desrosiers, Venkatraman Ramakrishna, Salman A. Baset

Overview of this book

Blockchain with Hyperledger Fabric - Second Edition is a refreshed and extended version of the successful book on practical Hyperledger Fabric blockchain development. This edition includes many new chapters, alongside comprehensive updates and additions to the existing ones. Entirely reworked for Hyperledger Fabric version 2, this edition will bring you right up to date with the latest in blockchain. Using a real-world Trade Finance and Logistics example, with working code available on GitHub, you’ll really understand both how and why Hyperledger Fabric can be used to maximum effect. This book is your comprehensive guide and reference to explore and build blockchain networks using Hyperledger Fabric version 2. This edition of the book begins by outlining the evolution of blockchain, including an overview of relevant blockchain technologies. Starting from first principles, you’ll learn how to design and operate a permissioned blockchain network based on Hyperledger Fabric version 2. You will learn how to configure the main architectural components of a permissioned blockchain network including Peers, Orderers, Certificate Authorities, Channels, and Policies. You’ll then learn how to design, develop, package, and deploy smart contracts, and how they are subsequently used by applications. This edition also contains chapters on DevOps, blockchain governance, and security, making this your go-to book for Hyperledger Fabric version 2.
Table of Contents (18 chapters)
16
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17
Index

The multi-party transaction

At the heart of a business network implemented in Hyperledger Fabric is a multi-party transaction. This single idea allows us to understand the entire philosophy of Hyperledger Fabric, so it's right to spend a little time making sure we fully grasp this concept.

The good news is that a multi-party transaction is a powerfully simple idea. As we explained in Chapter 3, Business Networks, a multi-party transaction describes the change in a set of business objects involving two or more participants.

In the following code, we can see an example of a multi-party transaction that describes the transfer of a car between two participants: Sara Seller and Bob Buyer (we've given them alliterative names to help us recall their roles):

car transfer transaction:
 identifier: 1234567890
 proposal: 
  input: {CAR1, Sara Seller, Bob Buyer}
  signature: input signed by Sara Seller
 response: 
  output: 
    {CAR1.currentOwner = Sara Seller, 
     CAR1...