March 2019
Intermediate to advanced
636 pages
27h 50m
English
book
Blockchain Development with Hyperledger
by Salman A. Baset, Luc Desrosiers, Nitin Gaur, Petr Novotny
Content preview from Blockchain Development with Hyperledger
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The letter of credit process today
However, over time, due to massive globalization of trade and the explosion of the financial industry, the number of financial institutions involved in the letter of credit process has exploded! Nowadays, there could be over 20 intermediary financial institutions involved in the process. This requires coordination of many people and systems, resulting in excessive time, cost, and risk throughout the process for both merchants and banks alike.
The promise of blockchain is to provide a logically singular but physically distributed system that provides a platform for a low-friction letter of credit process. The characteristics of such a system would include greater transparency, timeliness, and automation (resulting ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.