January 2020
Intermediate to advanced
530 pages
11h 11m
English
Content preview from Blockchain Development for Finance Projects
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Scope of an LC workflow project
In this chapter, we'll be using a slightly more restrained approach, suited for financial application. We'll build an LC workflow. Our blockchain network will consist of three participants—the Buyer, the Seller, and GreenGables bank, which is the banker to the Buyer. The Buyer wants to purchase some goods (let's say, engine pistons) from the Seller. However, they do not have enough cash at hand to do so, but they'll have the money after they sell the final product with the pistons installed (let's say the final product is an engine). They then go to their bank, GreenGables, to extend a line of credit, which can be used for paying the Seller when the Seller delivers the pistons to them.
GreenGables bank does ...
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