blkchn devlopment

Chapter 6

· Business Networks

· Describing business

networks

· Introducing participants and assets

· Introducing transactions and events

· Implementing a business network

Business Networks

Recognizing purposeful activities

Defining a business network

A language for business networks

Participants

Types of participants

· Individual

· Organizational

· System or device

Participants are agents

Participants and identity

Assets

Assets flow between participants

Tangible and intangible

Asset structures

Ownership

Asset life cycles

Transactions

Change – a fundamental concept

Definition and instance

Implicit and explicit

Importance of contracts

Signatures

Transactions, cont’d

SMART CONTRACTS FOR MULTI-PARTY TRANSACTIONS

DIGITAL TRANSACTION PROCESSING

INITIATING TRANSACTIONS

TRANSACTION HISTORY

Transactions, cont’d

Transaction streams

Transactions that span separate business networks

Transaction history and asset states

Regulators and

business networks

Events

Events defined

Messages carry event notifications

Events and transactions

External and explicit events

Events result in actions

Loosely coupled design

Utility of

events

Implementing a Business Network

De-materialization

Blockchain benefits

· Business-to-business

(B2B)

· Electronic Data Interchange (EDI)

Participant interaction

Accessing the business network with APIs

3-tier systems architecture

Summary

· Business Networks

· Describing business networks

· Introducing participants and assets

· Introducing transactions

and events

· Implementing a business network