Hands-On Smart Contract Development with Hyperledger Fabric V2
by Matt Zand, Xun (Brian) Wu, Mark Anthony Morris
Preface
Blockchain is currently the forerunner technology in shaping the next generation of fintech by offering transparent and fast transaction processing, higher financial data availability, better security, and tremendous cost savings in the financial industry. By introducing decentralized authority that makes third-party and middle actors obsolete, blockchain has initiated a paradigm shift in the way traditional financial institutions and other industries run their business operations.
A recent Gartner survey showed that more than 40% of companies have at least one blockchain pilot project in progress. Gartner also predicts that 30% of global blockchain projects will make their way to the production stage. Likewise, the global blockchain market is growing, manifested by a large number of Forbes Global 2000 companies currently experimenting with digital trust implementations.
Gartner has predicted that 90% of enterprise blockchain platform deployments will require replacement within 18 months from 2021 in order to stay competitive and secure, and to deter obsolescence. Gartner also predicts that by 2025, the business value generated by blockchain will move up gradually to $176 billion and then surge to surpass the $3.1 trillion mark by 2030.
Because of blockchain popularity, the developer community has passionately contributed several private and public distributed ledger technologies (DLTs) for building blockchain applications. Among the existing DLTs, Hyperledger is a leading ...
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