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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
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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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Creating a USD token for accounting

We need to create a USD currency token that will be used by us, simply for accounting purposes. In an enterprise application, this token will act as a dummy asset, mapped one to one to the actual funds owned by the bank. In our system, we'll use it to represent the funds allocated by the bank to the LC escrow account and track the movement of funds across the banking system.

Let's start writing our ERC20 smart contract, which will be used to issue and distribute this token, by following these steps:

  1. Start by creating the USD.sol file. We first declare the compiler version, as shown in the following code snippet:
pragma solidity ^0.5.2;
  1. Next, import the contracts that we need to create our ERC20 token, as follows:
import "openzeppelin-solidity/contracts/token/ERC20/ERC20Detailed.sol";
import "openzeppelin-solidity...
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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