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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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Summary

So, finally, we wrap up building our LC workflow. This chapter should help you design more complex smart contracts and give you a good understanding of how to leverage smart contracts as escrows and for designing workflows. While the use case we looked at is a very basic LC, this implementation can be used to build any kind of time- or condition-based escrow between two or more parties and can be used to build very efficient, transparent, and automated business processes. You can try implementing this setup within a private blockchain between organizations and see if you can tweak it to come up with more interesting workflows and use cases.

We started this chapter by looking at how escrows can be devices in the blockchain world, using smart contracts. We charted out a multi-smart contract design for building our application and determined how the contracts would connect...

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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