Let's build on what we learned about ledgers and smart contracts in the preceding chapter as we consider application design and development. In Chapter 6, Developing Smart Contracts, we saw that smart contracts were responsible for generating the multi-party transactions that describe a business object's life cycle. These transactions were captured on a distributed ledger, replicated across a set of organizations connected via a network channel, as shown in the following illustration.
Figure 7.1: Recalling the components of a solution that uses Hyperledger Fabric
We saw that a ledger has two major components. The most ...
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