Blockchain Development for Finance Projects

Building next-generation financial applications using Ethereum, Hyperledger Fabric, and Stellar

Ishan Roy 지음

Packt(GCO Science) 2020년 01월 31일 출간

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practical blockchain handbook designed to take you through implementing and re-engineering banking and financial solutions and workflows using eight step-by-step projects

▶Book Description
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.

▶What You Will Learn
？Design and implement blockchain solutions in a BFSI organization
？Explore common architectures and implementation models for enterprise blockchain
？Design blockchain wallets for multi-purpose applications using Ethereum
？Build secure and fast decentralized trading ecosystems with Blockchain
？Implement smart contracts to build secure process workflows in Ethereum and Hyperledger Fabric
？Use the Stellar platform to build KYC and AML-compliant remittance workflows
？Map complex business workflows and automate backend processes in a blockchain architecture

▶Key Features
？Implement various end-to-end blockchain projects and learn to enhance present-day financial solutions
？Use Ethereum, Hyperledger, and Stellar to build public and private decentralized applications
？Address complex challenges faced in the BFSI domain using different blockchain platform services

▶Who This Book Is For
This book is for blockchain and Dapps developers, or anyone looking for a guide to building innovative and highly secure solutions in the fintech domain using real-world use cases. Developers working in financial enterprises and banks, and solution architects looking to build brand new process flows using blockchain technology will also find the book useful. Experience with Solidity programming and prior knowledge of finance and trade are required to get the most out of this book.

목차

▶TABLE of CONTENTS
▷ Section 1: Blockchain Payments and Remittances
？Chapter 1: Blockchain in Financial Services
？Chapter 2: Building a Blockchain Wallet for Fungible and Non-Fungible Assets
？Chapter 3: Designing a Payment Gateway for Online Merchants
？Chapter 4: Corporate Remittances and Settlement
？Chapter 5: Enabling Cross-Border Remittances with Real-Time KYC/AML Verification

▷ Section 2: Blockchain Workflows Using Smart Contracts
？Chapter 6: Building a Letter of Credit Workflow Module Using Smart Contracts

▷ Section 3: Securing Digital Documents and Files Using Blockchain
？Chapter 7: Building a Tamper-Proof Document Storage System

▷ Section 4: Decentralized Trading Exchanges Using Blockchain
？Chapter 8: Building a Decentralized Trading Exchange
？Chapter 9: Developing a Currency Trading Exchange for Market Making
？Chapter 10: Looking into the Future
？Chapter 11: Appendix: Application Checklist

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▶What this book covers
？ Chapter 1, Blockchain in Financial Services, introduces you to enterprise blockchain solutions for the BFSI sector. It briefly discusses the opportunities for implementing blockchain in the domain and the challenges that you might face when introducing the concept of blockchain in your organization. There is a discussion of the various most common implementation strategies, including coverage of the architecture models that are relevant for each strategy. Brief walk-throughs are given of Ethereum, Stellar, and Hyperledger Fabric and their relevant use cases for the domain.

？ Chapter 2, Building a Blockchain Wallet for Fungible and Non-Fungible Assets, looks at the blockchain wallet, which is the most integral part of any enterprise blockchain application. It can take many shapes and forms, such as a payment wallet, a digital identity card, a land title portfolio, or a stock portfolio. This chapter focuses on creating a blockchain wallet suited for multiple enterprise applications. You will learn how to create and deploy a smart contract wallet for fungible (ERC20), and non-fungible assets (ERC721). You will also learn how to implement the Web3js library as part of your blockchain application. The end goal is to create a fully functional peer-to-peer wallet using HTML, Node.js, and Solidity that is suitable for use cases beyond payment.

？ Chapter 3, Designing a Payment Gateway for Online Merchants, focuses on creating a merchant solution for online retailers. The solution will enable users to accept payments on a blockchain network akin to the leading fiat payment networks today. Special focus is given to push/pull payments, reconciliation, payment confirmation, and settlement on a blockchain platform. The technologies used are HTML, Node.js, and Solidity.

？ Chapter 4, Corporate Remittances and Settlement, focuses on the Hyperledger Fabric platform and its application in financial systems. You are given a walk-through on configuring the plug-and-play modules that make up the Hyperledger Fabric ecosystem. You will then be taught how to leverage them to create a permissioned blockchain network that can be used for B2B payments.

？ Chapter 5, Enabling Cross-Border Remittances with Real-Time KYC/AML Verification, focuses on creating a multi-currency cross-border remittance network using Stellar. Special focus is given to real-time document exchange, KYC/AML verification, Nostro account visibility, and integration with legacy banking systems.

？ Chapter 6, Building a Letter of Credit Workflow Module Using Smart Contracts, looks at smart contracts, which provide us with a foundation to build faster and efficient enterprise workflows. This is possible through automation and an immutable ledger accessible to all the stakeholders. This chapter looks at using Solidity smart contracts to build a more efficient letter of credit workflow. This knowledge can then be leveraged to design similar financial products, such as bank guarantees and smart contract-based insurance products.

？ Chapter 7, Building a Tamper-Proof Record-Keeping and Document Management System, introduces you to the Hyperledger Fabric framework. You will be deploying your own chaincode and using it to build an immutable record management system. This system employs the power of the SHA256 algorithm and blockchain consensus to ensure that all records are tamperproof and can be reverted to their original state in the case of a cyber attack.
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▶ Preface
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.

작가정보

저자(글) Ishan Roy

Ishan Roy leads the Blockchain initiative at the Centre of Excellence for Emerging Technologies (CEET) at the Tamil Nadu e-Governance Agency (TNeGA). He is currently working on the Tamil Nadu Blockchain Backbone project. His foray into blockchain began in the year 2016, at the blockchain team at ICICI Bank. This team carried out the first blockchain remittance in India. Since then he has worked as the Head of Products at HashCash Consultants where he built blockchain-enabled financial solutions for global clients. He has also mentored students and industry veterans as a blockchain trainer with Edureka. He is extremely passionate about technology and loves to keep himself abreast of new developments in the field through the community