Max Hooper - Blockchain Enabled Applications: Understand the Blockchain Ecosystem and How to Make it Work for You
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- Book:Blockchain Enabled Applications: Understand the Blockchain Ecosystem and How to Make it Work for You
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Blockchain Enabled Applications: Understand the Blockchain Ecosystem and How to Make it Work for You: summary, description and annotation
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Work with blockchain and understand its potential application beyond cryptocurrencies in the domains of healthcare, Internet of Things, finance, decentralized organizations, and open science. Featuring case studies and practical insights generated from a start-up spun off from the authors own lab, this book covers a unique mix of topics not found in others and offers insight into how to overcome real hurdles that arise as the market and consumers grow accustomed to blockchain based start-ups.
Youll start with a review of the historical origins of blockchain and explore the basic cryptography needed to make the blockchain work for Bitcoin. You will then learn about the technical advancements made in the surrounded ecosystem: the Ethereum virtual machine, Solidity, Colored Coins, the Hyperledger Project, Blockchain-as-a-service offered through IBM, Microsoft and more.This book looks at the consequences of machine-to-machine transactions using the blockchain socially, technologically, economically and politically. Blockchain Enabled Applications provides you with a clear perspective of the ecosystem that has developed around the blockchain and the various industries it has penetrated.
What Youll Learn
- Implement the code-base from Fabric and Sawtooth, two open source blockchain-efforts being developed under the Hyperledger Project
- Evaluate the benefits of integrating blockchain with emerging technologies, such as machine learning and artificial intelligence in the cloud
- Use the practical insights provided by the case studies to your own projects or start-up ideas
- Set up a development environment to compile and manage projects
Who This Book Is For
Developers who are interested in learning about the blockchain as a data-structure, the recent advancements being made and how to implement the code-base.
Decision makers within large corporations (product managers, directors or CIO level executives) interested in implementing the blockchain who need more practical insights and not just theory.
Max Hooper: author's other books
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- Sawtooth : This is an Intel effort to create an open source blockchain. Hyperledger Sawtooth is a modular platform for building, deploying, and running distributed ledgers. It includes a new consensus algorithm called Proof of Elapsed Time (PoET), which targets large distributed validator populations with minimal resource consumption. It allows both permissioned and permissionless ledgers to be deployed on a large scale.
- Iroha : This is a coherent set of libraries and components that will allow adoption of distributed ledger technologies into existing infrastructure. There is a heavy focus on mobile libraries and mobile applications. Data storage and synchronization done off-device and a default reputation system are implemented network-wide to ensure validated nodes.
- Fabric : This is a blockchain development framework for developing enterprise applications with a modular architecture. It is intended to be a component-based system with an emphasis on plug-and-play features such as pluggable consensus, and unique membership services for different user roles.
- Burrow: This permissioned blockchain node executes smart contracts in a similar manner to the EVM. Burrow is built to be executed in a multichain environment with application-specific smart contracts. A Burrow node can provide contract execution services to multiple connected blockchains compatible with each other but running a different domain. A Burrow node has three main components: the consensus engine, the permissioned EVM, and a remote call gateway to execute contracts.
- Indy : This is a Hyperledger software development kit (SDK) that allows self-sovereign identity to be built into distributed ledgers. This SDK provides wrappers for many languages to add new features and build better decentralized identity managers.
- Composer: This is a Hyperledger front-end interface to build and deploy simple blockchain networks for specific use cases. Hyperledger Composer allows us to write simple smart contracts and deploy them to an internal blockchain network. In a large development setting, only a few core users would update the code for a ledger such as Fabric. Most users would be working within Composer to access the blockchain and carry out the daily activities of accessing and updating the blockchain.
- Explorer: Similar to any traditional blockchain explorer, Hyperledger Explorer allows a user to query blocks, search through transactions and associated data, network health and information, types of smart contracts being executed, and transaction families stored in the ledger. This project will be compatible with any blockchains deployed with Hyperledger, so new projects do not have to design a new explorer module.
- Cello : This is a management tool for deployments of blockchain-as-a-service instances. Cello simplifies the process of creating blockchain instances and reduces the effort required for creating, managing, and terminating blockchains. It provides a containerized blockchain service that can be deployed to existing infrastructures on the cloud, bare metal, virtual machines, or special container platforms.
- Deploy transactions: Allow new chaincode to be created, take the program as a parameter. When the transaction has been validated and executed successfully, the chaincode is considered to be installed on the blockchain.
- Invoke transactions: Allow a chaincode program to be executed on the blockchain. An invoke transaction calls a specific function from a chaincode that the client requested to execute. It must be noted that invoke transactions only work successfully in the context of a previously deployed program. The result of an invoke transaction is successful execution of chaincode and ultimately, modification of the local/global state with a returned output.
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