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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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Setting up the IPFS network

In this section, we'll set up the IPFS network. The IPFS network will allow the banks to share important compliance and AML documents that are required to process corporate remittance transactions. Our IPFS network will consist of two nodes. Each node will be controlled by a bank.

The banks will publish the documents to the IPFS network. Only authorized participants will be able to retrieve the documents from the network, using the document's hash signature.

Downloading the binary and installing IPFS

We will be using IPFS for storing and sharing documents between the two banks. Let's look at the steps to setup the private IPFS network:

  1. To install IPFS, you'll need to ensure...
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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