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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
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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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Orderbook smart contract

The orderbook smart contract is the core component of our entire project.

It carries out the following functions:

  • Records incoming buy/sell offer requests from the frontend and moves the base or counter asset from the user's Ethereum account to the smart contract account.
  • Allows traders to view the recorded buy/sell offers on the smart contract.
  • Accepts trade requests against already recorded buy/sell offers and executes the trade. As part of the trade, the orderbook updates the available amount in an offer, and transfers the base or counter asset both from the trader's account and to the trader's account.
  • Emits an event to indicate when a new buy or sell offer is updated, or a new trade is carried out. This event will be subscribed to by our frontend app to update and display the orderbook in real time.

Now, let's write our orderbook...

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Blockchain Development for Finance Projects
Published in: Jan 2020Publisher: PacktISBN-13: 9781838829094

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