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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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Toc

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

Creating trading currency assets

We have to create three currency assets on our private network for trading. These are USD, GBP, and EUR. To create new assets on a network, we need to carry out the following three steps in order:

  1. Create a new asset object
  2. Extend trustlines to the receiving accounts
  3. Transfer the assets from the issuing account

Let's look at these, one by one.

Creating a new asset object

Creating an asset object on the Stellar network is an easy affair. You simply need to use the Asset method of the Stellar SDK. The Asset method has two input parameters—asset code and issuer account. The asset code is an alphanumeric code, used to refer to the asset. The issuer account is the account used to create...

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