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Blockchain for Enterprise

You're reading from   Blockchain for Enterprise Build scalable blockchain applications with privacy, interoperability, and permissioned features

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Product type Paperback
Published in Sep 2018
Publisher Packt
ISBN-13 9781788479745
Length 220 pages
Edition 1st Edition
Languages
Concepts
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Author (1):
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Narayan Prusty Narayan Prusty
Author Profile Icon Narayan Prusty
Narayan Prusty
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Table of Contents (10) Chapters Close

Preface 1. What are Decentralized Applications? FREE CHAPTER 2. Building Blockchain Using Quorum 3. Writing Smart Contracts 4. Getting Started with web3.js 5. Building Interoperable Blockchains 6. Building Quorum as a Service Platform 7. Building a DApp for Digitizing Medical Records 8. Building a Payment Solution for Banks 9. Other Books You May Enjoy

Building a Payment Solution for Banks

Today, there are lots of apps and services developed by banks and other FinTech companies that let us send and accept payments. But we don't have an app out there that makes sending and receiving money as easy as sending and receiving text messages. Although Bitcoin and other cryptocoins make it really easy to send and receive payments around the world, they cannot be mainstream now because of  volatility and regulatory issues. In this chapter, we will build a P2P payment system that makes it very easy to send and receive InterBank payments and also makes clearance and settlement between banks near real-time and simple. While building the solution, we will also learn of various banking and finance concepts. 

In this chapter, we'll learn the following:

  • How clearance and settlement between banks is done for domestic and...
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