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 importance of trust in facilitating trade
Our Florentine merchant could now contact his banker to say that he wanted to buy wool in Amsterdam, and the bank would in return give him a letter of credit, in exchange for payment on account. This letter could have various stipulations, such as the maximum amount for the trade, how it would be paid (at once or in parts), what goods it could be used for, and so forth. The merchant would now travel to Amsterdam, and after selecting wool from a wool merchant, he would offer the letter or credit as payment. The Amsterdam merchant would happily exchange the wool for the letter because Florentine bankers were famed throughout Europe as being trustworthy when it came to money. The Amsterdam merchant ...
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