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Blockchain Development for Finance Projects

You're reading from   Blockchain Development for Finance Projects Building next-generation financial applications using Ethereum, Hyperledger Fabric, and Stellar

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Product type Paperback
Published in Jan 2020
Publisher Packt
ISBN-13 9781838829094
Length 530 pages
Edition 1st Edition
Languages
Concepts
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Author (1):
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Ishan Roy Ishan Roy
Author Profile Icon Ishan Roy
Ishan Roy
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Table of Contents (17) Chapters Close

Preface 1. Section 1: Blockchain Payments and Remittances
2. Blockchain in Financial Services FREE CHAPTER 3. Building a Blockchain Wallet for Fungible and Non-Fungible Assets 4. Designing a Payment Gateway for Online Merchants 5. Corporate Remittances and Settlement 6. Enabling Cross-Border Remittances with Real-Time KYC/AML Verification 7. Section 2: Blockchain Workflows Using Smart Contracts
8. Building a Letter of Credit Workflow Module Using Smart Contracts 9. Section 3: Securing Digital Documents and Files Using Blockchain
10. Building a Tamper-Proof Document Storage System 11. Section 4: Decentralized Trading Exchanges Using Blockchain
12. Building a Decentralized Trading Exchange 13. Developing a Currency Trading Exchange for Market Making 14. Looking into the Future 15. Other Books You May Enjoy Appendix: Application Checklist

Running the LC module

Let's run the entire application and see how it works. If you have not already done so, start your Ganache blockchain and run a Quickstart blockchain at localhost:8545, as shown in the following screenshot:

Make sure the USD token contract and LC Master contract are deployed. If you haven't already done so, you might want to revisit this again by looking at the previous steps.

Before we can deploy LCs, we need to provide funds to the LC Master smart contract. The LC Master will distribute these funds whenever it creates a new escrow—that is, a new LC smart contract.

To do so, we need to allocate some USD tokens to the LC Master smart contract. These tokens will act as the USD balance for the LC issuer. Take the following steps:

  1. Navigate to the truffle console. In the command line, set your web3 default account to the first account in your...
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