The Design and Implementation of Trade Finance Application based on Hyperledger Fabric Permissioned Blockchain Platform

Abstract

Blockchain has grown beyond cryptocurrency. It has found a sweet spot in applications that required increased trust and transparency among multi-party transactions. This paper describes our experience in the design, implementation and architecture of blockchain-based trade finance application. The implementation is based on permissioned blockchain Hyperledger Fabric. Recently, the number of projects embarked on blockchain application have grown significantly over the year. However, the current level of understanding of blockchain application is insufficient and the architectural aspects of the system has remained largely unexplored. This paper attempts to solve this problem. It applies the concept of software connectors as a medium to explore fundamental building blocks of software interaction and how they are composed into a more complex interaction.