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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 an LC smart contract

The LC smart contract will serve as an interface for the LC Master contract so that we can create and deploy a new contract. The smart contract will consist of the following components:

  • Data structure
    • LCNew: To capture and store the LC details
  • Functions
    • viewLCDetails: To view the LC details
    • settleLC: To invoke a settlement request to the LC
  • Modifiers
    • onlyAuth: Only permits buyer, seller, and the bank to access to the method
    • onlySeller: Only permits the seller to access the method
  • Event
    • SettleLCSuccessful: Triggered after a successful settlement request

Now, let's start creating the LC smart contract by following these steps:

  1. Start by creating a file called LC.sol.
  2. We will first declare the compiler version and import our dependent contracts, as shown in the following code block:
pragma solidity ^0.5.2;

import "openzeppelin...
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