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Blockchain Development for Finance Projects

You're reading from  Blockchain Development for Finance Projects

Product type Book
Published in Jan 2020
Publisher Packt
ISBN-13 9781838829094
Pages 530 pages
Edition 1st Edition
Languages
Concepts
Author (1):
Ishan Roy Ishan Roy
Profile icon Ishan Roy

Table of Contents (17) Chapters

Preface 1. Section 1: Blockchain Payments and Remittances
2. Blockchain in Financial Services 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

Building the transaction listeners for the banks

We need to build a transaction listener, to detect incoming transactions to the bank's customers. We need one for Bank A and one for Bank B.

The transaction listener will carry out the following tasks:

  • Monitor the blockchain for the txCreated event. The txCreated event is triggered by the corprem whenever a new transaction is created using the method createTx.
  • In the case of an event being triggered, the listener checks the transaction payload to see if the receiving bank (trans.Rbank) is the bank hosting the transaction listener. Thus, the transaction listener for Bank A checks for transactions where the receiving bank is banka. Similarly, the transaction listener for Bank B checks if the receiving bank is bankb.
  • If the transaction is intended for the bank, the transaction listener fetches the customer's current balance...
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