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You're reading from  Blockchain Development for Finance Projects

Product typeBook
Published inJan 2020
Reading LevelBeginner
PublisherPackt
ISBN-139781838829094
Edition1st Edition
Languages
Solidity
Tools
Blockchain
Concepts
Blockchain
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Author (1)
Ishan Roy
Ishan Roy
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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
Read more about Ishan Roy

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Decentralized trading exchanges

Blockchains can play an important role in the disintermediation of financial systems. Most financial systems today include a number of middlemen and organizations that facilitate the smooth working of the entire ecosystem. Obviously, this means placing your trust with these intermediary players, and believing that they will not try to carry out any fraudulent activity, or relay incorrect information to you. This chapter is an example of a system that attempts to reduce the number of middlemen and authorities in the existing model, in order to build a faster and more transparent system. A decentralized trading exchange is one where the orderbook is not controlled by a central authority.

As the name suggests, the entire trading process is decentralized, meaning it is without a central authority or organization to facilitate the trades. Removing a...

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Blockchain Development for Finance Projects
Published in: Jan 2020Publisher: PacktISBN-13: 9781838829094
© 2020 Packt Publishing Limited All Rights Reserved

Author (1)

author image
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
Read more about Ishan Roy

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