Chapter 9. Building a Consortium Blockchain

Consortiums (an association, typically of several participants such as banks, e-commerce sites, government entities, hospitals, and so on) can use blockchain technology to solve many problems and make things faster and cheaper. Although they figure out how blockchain can help them, an Ethereum implementation of blockchain doesn't specifically fit them for all cases. Although there are other implementations of blockchain (for example, Hyperledger) that are built specially for consortium, as we learned Ethereum throughout the book, we will see how we can hack Ethereum to build a consortium blockchain. Basically, we will be using parity to build a consortium blockchain. Although there are other alternatives to parity, such as J.P. Morgan's quorum, we will use parity as at the time of writing this book, it has been in existence for some time, and many enterprises are already using it, whereas other alternatives are yet to be used by any enterprises...