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You're reading from  Ethereum Smart Contract Development

Product typeBook
Published inFeb 2018
Reading LevelIntermediate
PublisherPackt
ISBN-139781788473040
Edition1st Edition
Languages
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Author (1)
Mayukh Mukhopadhyay
Mayukh Mukhopadhyay
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Mayukh Mukhopadhyay

Mayukh Mukhopadhyay started his career as a BI developer. After the 2008-09 financial crisis, he was at Tata Consultancy Services for one of their Fortune 500 clients in the telecom sector. Holding a master's in software engineering from Jadavpur University, he is presently working as a data insight developer, where he focuses on applying data science and machine learning to raw telecom equipment logs to generate business insights. He has a varied list of academic interests, ranging from audio signal processing, structural bioinformatics, and bio-inspired algorithms to consciousness engineering. Apart from being an Oracle Certified Specialist, he is a Certified Bitcoin Professional, recognized by C4 (Crypto Currency Certification Consortium). He tries to apply blockchain as a technology to different business domains.
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Summary


The chapter started with a concept-enhancing discussion on private, consortium, and public blockchains. We saw that public blockchains are mostly permissionless by nature, while private blockchains are strictly permissioned. Hence, industries prefer the middle way of consortium blockchaining, to achieve a democracy among stakeholders. We then listed a few developmental platforms that help us in setting up such consortium blockchains. Hyperledger from IBM, Azure from Microsoft, and AWS Cloud promised us an exciting road map for consortium blockchains. We then explored the concepts of money laundering, and how dark web marketplaces have been used since the beginning of the cryptocurrency evolution to fuel this ever-increasing economic plague. We ended the chapter with a balanced note about how the concepts of smart contracts and blockchains have opened up a new set of Pandora's boxes, and how we as technologists, have the onus of squeezing out the goodness from them.

In Chapter 11,...

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Ethereum Smart Contract Development
Published in: Feb 2018Publisher: PacktISBN-13: 9781788473040

Author (1)

author image
Mayukh Mukhopadhyay

Mayukh Mukhopadhyay started his career as a BI developer. After the 2008-09 financial crisis, he was at Tata Consultancy Services for one of their Fortune 500 clients in the telecom sector. Holding a master's in software engineering from Jadavpur University, he is presently working as a data insight developer, where he focuses on applying data science and machine learning to raw telecom equipment logs to generate business insights. He has a varied list of academic interests, ranging from audio signal processing, structural bioinformatics, and bio-inspired algorithms to consciousness engineering. Apart from being an Oracle Certified Specialist, he is a Certified Bitcoin Professional, recognized by C4 (Crypto Currency Certification Consortium). He tries to apply blockchain as a technology to different business domains.
Read more about Mayukh Mukhopadhyay