Blockchain Architecture And Its Development

Hello everyone, welcome to the post on our Block Chains course on Architecture, Design and Use cases. So, this article is going to be about some of the basic block chain components and concepts and how some of these components interact with each other. So, this gives you the foundation for us to go deeper in and learning about a hyper ledger fabric itself and how it is architected. Who are some of the actors in a blockchain solution? There is a block chain architect who is going to design, how this block chain solution is going to be built. Here we discuss how the data needs to get stored. It also adds what are some of the transaction and business logic needs to embedded over the network. All these blockchain developers is going to develop the actual code which runs on the blockchain network itself. Along with that, there is a network operator who is going to manage and run the blockchain network. There are processing platforms and there may be other systems to record the blockchain along with to collect the online data. There is also an external database to be a part of the external solution. you can also on the blockchain through blockchain online training So, those are a part of the overall solution as well an important component here is membership services So, the membership service defines or provides the identity for users to come and transact on the blockchain. So, think of it, as when you open an account with the bank, they give you a username password, a kind of a login right to, for you to access web services or when you get an account with Gmail or something, you get a username password. The membership service is actually going to do a little more than that. It is not just a username password, but it is actually going to give you a certificate that will a digital certificate that will allow you to transact on the network. So, we will talk about some of those details as well and there is a blockchain user who is, who is going to perform the business transactions on the blockchain. So, these users could belong to multiple organizations that are participating in this block chain network and optionally there can also be a regulator. The regulator might have only read, only access onto the network where they see, they have some oversight into whether the transactions being performed are legitimate or not whether they are compliant with policies set by the regulator. So, all that can be done in real-time with a blockchain platform. This concept is clearly explained through blockchain online course