Commercial paper tutorial¶
Audience: Architects, application and smart contract developers, administrators
This tutorial will show you how to install and use a commercial paper sample application and smart contract. It is a task-oriented topic, so it emphasizes procedures above concepts. When you’d like to understand the concepts in more detail, you can read the Developing Applications topic.
In this tutorial two organizations, MagnetoCorp and DigiBank, trade commercial paper with each other using PaperNet, a Hyperledger Fabric blockchain network.
Once you”ve set up the test network, you”ll act as Isabella, an employee of MagnetoCorp, who will issue a commercial paper on its behalf. You”ll then switch roles to take the role of Balaji, an employee of DigiBank, who will buy this commercial paper, hold it for a period of time, and then redeem it with MagnetoCorp for a small profit.
You”ll act as an developer, end user, and administrator, each in different organizations, performing the following steps designed to help you understand what it”s like to collaborate as two different organizations working independently, but according to mutually agreed rules in a Hyperledger Fabric network.
- Set up machine and download samples
- Create the network
- Examine the commercial paper smart contract
- Deploy the smart contract to the channel by approving the chaincode definition as MagnetoCorp and Digibank.
- Understand the structure of a MagnetoCorp application, including its dependencies
- Configure and use a wallet and identities
- Run a MagnetoCorp application to issue a commercial paper
- Understand how DigiBank uses the smart contract in their applications
- As Digibank, run applications that buy and redeem commercial paper
This tutorial has been tested on MacOS and Ubuntu, and should work on other Linux distributions. A Windows version is under development.
Prerequisites¶
Before you start, you must install some prerequisite technology required by the tutorial. We”ve kept these to a minimum so that you can get going quickly.
You must have the following technologies installed:
- Node version 8.9.0, or higher. Node is a JavaScript runtime that you can use to run applications and smart contracts. You are recommended to use the LTS (Long Term Support) version of node. Install node here.
- Docker version 18.06, or higher. Docker help developers and administrators create standard environments for building and running applications and smart contracts. Hyperledger Fabric is provided as a set of Docker images, and the PaperNet smart contract will run in a Docker container. Install Docker here.
You will find it helpful to install the following technologies:
A source code editor, such as Visual Studio Code version 1.28, or higher. VS Code will help you develop and test your application and smart contract. Install VS Code here.
Many excellent code editors are available including Atom, Sublime Text and Brackets.
You may find it helpful to install the following technologies as you become more experienced with application and smart contract development. There”s no requirement to install these when you first run the tutorial:
- Node Version Manager. NVM helps you easily switch between different versions of node – it can be really helpful if you”re working on multiple projects at the same time. Install NVM here.
Download samples¶
The commercial paper tutorial is one of the samples in the fabric-samples
directory. Before you begin this tutorial, ensure that you have followed the
instructions to install the Fabric Prerequisites and
Download the Samples, Binaries and Docker Images.
When you are finished, you will have cloned the fabric-samples
repository that
contains the tutorial scripts, smart contract, and application files.
Download the
fabric-samples
GitHub repository to your local machine.
After downloading, feel free to examine the directory structure of fabric-samples
:
$ cd fabric-samples
$ ls
CODEOWNERS basic-network first-network
CODE_OF_CONDUCT.md chaincode high-throughput
CONTRIBUTING.md chaincode-docker-devmode interest_rate_swaps
Jenkinsfile ci off_chain_data
LICENSE ci.properties scripts
MAINTAINERS.md commercial-paper test-network
README.md docs
SECURITY.md fabcar
Notice the commercial-paper
directory – that”s where our sample is located!
You”ve now completed the first stage of the tutorial! As you proceed, you”ll open multiple command windows for different users and components. For example:
- To show peer, orderer and CA log output from your network.
- To approve the chaincode as an administrator from MagnetoCorp and as an administrator from DigiBank.
- To run applications on behalf of Isabella and Balaji, who will use the smart contract to trade commercial paper with each other.
We”ll make it clear when you should run a command from particular command window; for example:
(isabella)$ ls
indicates that you should run the ls
command from Isabella”s window.
Create the network¶
This tutorial will deploy a smart contract using the Fabric test network.
The test network consists of two peer organizations and an ordering organization.
The two peer organizations operate one peer each, while the ordering organization
operates a single node raft ordering service. We will also use the test network
to create a single channel named mychannel
that both peer organizations will
be members of.
The Fabric test network is comprised of two peer organizations, Org1 and Org2, each with one peer and its ledger database, an ordering node. Each of these components runs as a Docker container.
The two peers, the peer ledgers, the orderer and the CA each run in the their own Docker container. In production environments, organizations typically use existing CAs that are shared with other systems; they”re not dedicated to the Fabric network.
The two organizations of the test network allow us to interact with a blockchain ledger as two organizations that operate separate peers. In this tutorial, we will operate Org1 of the test network as DigiBank and Org2 as MagnetoCorp.
You can start the test network and create the channel with a script provided in
the commercial paper directory. Change to the commercial-paper
directory in
the fabric-samples
:
cd fabric-samples/commercial-paper
Then use the script to start the test network:
./network-starter.sh
If the command is successful, you will see the test network being created in your
logs. You can use the docker ps
command to see the Fabric nodes running on your
local machine:
$ docker ps
CONTAINER ID IMAGE COMMAND CREATED STATUS PORTS NAMES
321cc489b10f hyperledger/fabric-peer:latest "peer node start" 2 minutes ago Up 2 minutes 0.0.0.0:7051->7051/tcp peer0.org1.example.com
ad668671f95f hyperledger/fabric-peer:latest "peer node start" 2 minutes ago Up 2 minutes 7051/tcp, 0.0.0.0:9051->9051/tcp peer0.org2.example.com
caadbe4d8592 hyperledger/fabric-couchdb "tini -- /docker-ent…" 2 minutes ago Up 2 minutes 4369/tcp, 9100/tcp, 0.0.0.0:7984->5984/tcp couchdb1
ebabe52903b8 hyperledger/fabric-couchdb "tini -- /docker-ent…" 2 minutes ago Up 2 minutes 4369/tcp, 9100/tcp, 0.0.0.0:5984->5984/tcp couchdb0
7c72711c6e18 hyperledger/fabric-orderer:latest "orderer" 2 minutes ago Up 2 minutes 0.0.0.0:7050->7050/tcp orderer.example.com
See if you can map these containers to the nodes of the test network (you may need to horizontally scroll to locate the information):
- The Org1 peer,
peer0.org1.example.com
, is running in container321cc489b10f
- The Org2 peer,
peer0.org2.example.com
, is running in containerad668671f95f
- The CouchDB database for the Org1 peer,
couchdb0
, is running in containerebabe52903b8
- The CouchDB database for the Org2 peer,
couchdb1
, is running in containercaadbe4d8592
- The ordering node
orderer.example.com
is running in container7c72711c6e18
These containers all form a Docker network
called net_test
. You can view the network with the docker network
command:
$ docker network inspect net_test
{
"Name": "net_test",
"Id": "b77b99d29e37677fac48b7ecd78383bdebf09ebdd6b00e87e3d9444252b1ce31",
"Created": "2020-01-30T23:04:39.6157465Z",
"Containers": {
"321cc489b10ff46554d0b215da307d38daf35b68bbea635ae0ae3176c3ae0945": {
"Name": "peer0.org1.example.com",
"IPv4Address": "192.168.224.5/20",
},
"7c72711c6e18caf7bff4cf78c27efc9ef3b2359a749c926c8aba1beacfdb0211": {
"Name": "orderer.example.com",
"IPv4Address": "192.168.224.4/20",
},
"ad668671f95f351f0119320198e1d1e19ebbb0d75766c6c8b9bb7bd36ba506af": {
"Name": "peer0.org2.example.com",
"IPv4Address": "192.168.224.6/20",
},
"caadbe4d8592aa558fe14d07a424a9e04365620ede1143b6ce5902ce038c0851": {
"Name": "couchdb1",
"IPv4Address": "192.168.224.2/20",
},
"ebabe52903b8597d016dbc0d0ca4373ef75162d3400efbe6416975abafd08a8f": {
"Name": "couchdb0",
"IPv4Address": "192.168.224.3/20",
}
},
"Labels": {}
}
]
See how the five containers use different IP addresses, while being part of a single Docker network. (We”ve abbreviated the output for clarity.)
Because we are operating the test network as DigiBank and MagnetoCorp,
peer0.org1.example.com
will belong to the DigiBank organization while
peer0.org2.example.com
will be operated by MagnetoCorp. Now that the test
network is up and running, we can refer our network as PaperNet from this point
forward.
To recap: you”ve downloaded the Hyperledger Fabric samples repository from GitHub and you”ve got the test network running on your local machine. Let”s now start to play the role of MagnetoCorp, who wish to trade commercial paper.
Monitor the network as MagnetoCorp¶
The commercial paper tutorial allows you to act as two organizations by
providing two separate folders for DigiBank and MagnetoCorp. The two folders
contain the smart contracts and application files for each organization. Because
the two organizations have different roles in the trading of the commercial paper,
the application files are different for each organization. Open a new window in
the fabric-samples
repository and use the following command to change into
the MagnetoCorp directory:
cd commercial-paper/organization/magnetocorp
The first thing we are going to do as MagnetoCorp is monitor the components
of PaperNet. An administrator can view the aggregated output from a set
of Docker containers using the logspout
tool.
The tool collects the different output streams into one place, making it easy
to see what”s happening from a single window. This can be really helpful for
administrators when installing smart contracts or for developers when invoking
smart contracts, for example.
In the MagnetoCorp directory, run the following command to run the
monitordocker.sh
script and start the logspout
tool for the containers
associated with PaperNet running on net_test
:
(magnetocorp admin)$ ./configuration/cli/monitordocker.sh net_test
...
latest: Pulling from gliderlabs/logspout
4fe2ade4980c: Pull complete
decca452f519: Pull complete
(...)
Starting monitoring on all containers on the network net_test
b7f3586e5d0233de5a454df369b8eadab0613886fc9877529587345fc01a3582
Note that you can pass a port number to the above command if the default port in monitordocker.sh
is already in use.
(magnetocorp admin)$ ./monitordocker.sh net_test <port_number>
This window will now show output from the Docker containers for the remainder of the tutorial, so go ahead and open another command window. The next thing we will do is examine the smart contract that MagnetoCorp will use to issue to the commercial paper.
Examine the commercial paper smart contract¶
issue
, buy
and redeem
are the three functions at the heart of the commercial
paper smart contract. It is used by applications to submit transactions which
correspondingly issue, buy and redeem commercial paper on the ledger. Our next
task is to examine this smart contract.
Open a new terminal in the fabric-samples
directory and change into the
MagnetoCorp folder to act as the MagnetoCorp developer.
cd commercial-paper/organization/magnetocorp
You can then view the smart contract in the contract
directory using your chosen
editor (VS Code in this tutorial):
(magnetocorp developer)$ code contract
In the lib
directory of the folder, you”ll see papercontract.js
file – this
contains the commercial paper smart contract!
An
example code editor displaying the commercial paper smart contract in papercontract.js
papercontract.js
is a JavaScript program designed to run in the Node.js
environment. Note the following key program lines:
const { Contract, Context } = require('fabric-contract-api');
This statement brings into scope two key Hyperledger Fabric classes that will be used extensively by the smart contract –
Contract
andContext
. You can learn more about these classes in thefabric-shim
JSDOCS.class CommercialPaperContract extends Contract {
This defines the smart contract class
CommercialPaperContract
based on the built-in FabricContract
class. The methods which implement the key transactions toissue
,buy
andredeem
commercial paper are defined within this class.async issue(ctx, issuer, paperNumber, issueDateTime, maturityDateTime...) {
This method defines the commercial paper
issue
transaction for PaperNet. The parameters that are passed to this method will be used to create the new commercial paper.Locate and examine the
buy
andredeem
transactions within the smart contract.let paper = CommercialPaper.createInstance(issuer, paperNumber, issueDateTime...);
Within the
issue
transaction, this statement creates a new commercial paper in memory using theCommercialPaper
class with the supplied transaction inputs. Examine thebuy
andredeem
transactions to see how they similarly use this class.await ctx.paperList.addPaper(paper);
This statement adds the new commercial paper to the ledger using
ctx.paperList
, an instance of aPaperList
class that was created when the smart contract contextCommercialPaperContext
was initialized. Again, examine thebuy
andredeem
methods to see how they use this class.return paper;
This statement returns a binary buffer as response from the
issue
transaction for processing by the caller of the smart contract.
Feel free to examine other files in the contract
directory to understand how
the smart contract works, and read in detail how papercontract.js
is
designed in the smart contract topic.
Deploy the smart contract to the channel¶
Before papercontract
can be invoked by applications, it must be installed onto
the appropriate peer nodes of the test network and then defined on the channel
using the Fabric chaincode lifecycle. The Fabric chaincode
lifecycle allows multiple organizations to agree to the parameters of a chaincode
before the chainocde is deployed to a channel. As a result, we need to install
and approve the chaincode as administrators of both MagnetoCorp and DigiBank.
A MagnetoCorp
administrator installs a copy of the papercontract
onto a MagnetoCorp peer.
Smart contracts are the focus of application development, and are contained within a Hyperledger Fabric artifact called chaincode. One or more smart contracts can be defined within a single chaincode, and installing a chaincode will allow them to be consumed by the different organizations in PaperNet. It means that only administrators need to worry about chaincode; everyone else can think in terms of smart contracts.
Install and approve the smart contract as MagnetoCorp¶
We will first install and approve the smart contract as the MagnetoCorp admin. Make
sure that you are operating from the magnetocorp
folder, or navigate back to that
folder using the following command:
cd commercial-paper/organization/magnetocorp
A MagnetoCorp administrator can interact with PaperNet using the peer
CLI. However,
the administrator needs to set certain environment variables in their command
window to use the correct set of peer
binaries, send commands to the address
of the MagnetoCorp peer, and sign requests with the correct crypto material.
You can use a script provided by the sample to set the environment variables in
your command window. Run the following command in the magnetocorp
directory:
source magnetocorp.sh
You will see the full list of environment variables printed in your window. We can now use this command window to interact with PaperNet as the MagnetoCorp administrator.
The first step is to install the papercontract
smart contract. The smart
contract can be packaged into a chaincode using the
peer lifecycle chaincode package
command. In the MagnetoCorp administrator”s
command window, run the following command to create the chaincode package:
(magnetocorp admin)$ peer lifecycle chaincode package cp.tar.gz --lang node --path ./contract --label cp_0
The MagnetoCorp admin can now install the chaincode on the MagnetoCorp peer using
the peer lifecycle chaincode install
command:
(magnetocorp admin)$ peer lifecycle chaincode install cp.tar.gz
If the command is successful, you will see messages similar to the following printed in your terminal:
2020-01-30 18:32:33.762 EST [cli.lifecycle.chaincode] submitInstallProposal -> INFO 001 Installed remotely: response:<status:200 payload:"\nEcp_0:ffda93e26b183e231b7e9d5051e1ee7ca47fbf24f00a8376ec54120b1a2a335c\022\004cp_0" >
2020-01-30 18:32:33.762 EST [cli.lifecycle.chaincode] submitInstallProposal -> INFO 002 Chaincode code package identifier: cp_0:ffda93e26b183e231b7e9d5051e1ee7ca47fbf24f00a8376ec54120b1a2a335c
Because the MagnetoCorp admin has set CORE_PEER_ADDRESS=localhost:9051
to
target its commands to peer0.org2.example.com
, the INFO 001 Installed remotely...
indicates that papercontract
has been successfully installed on this peer.
After we install the smart contract, we need to approve the chaincode definition
for papercontract
as MagnetoCorp. The first step is to find the packageID of
the chaincode we installed on our peer. We can query the packageID using the
peer lifecycle chaincode queryinstalled
command:
peer lifecycle chaincode queryinstalled
The command will return the same package identifier as the install command. You should see output similar to the following:
Installed chaincodes on peer:
Package ID: cp_0:ffda93e26b183e231b7e9d5051e1ee7ca47fbf24f00a8376ec54120b1a2a335c, Label: cp_0
We will need the package ID in the next step, so we will save it as an environment variable. The package ID may not be the same for all users, so you need to complete this step using the package ID returned from your command window.
export PACKAGE_ID=cp_0:ffda93e26b183e231b7e9d5051e1ee7ca47fbf24f00a8376ec54120b1a2a335c
The admin can now approve the chaincode definition for MagnetoCorp using the
peer lifecycle chaincode approveformyorg
command:
(magnetocorp admin)$ peer lifecycle chaincode approveformyorg --orderer localhost:7050 --ordererTLSHostnameOverride orderer.example.com --channelID mychannel --name papercontract -v 0 --package-id $PACKAGE_ID --sequence 1 --tls --cafile $ORDERER_CA
One of the most important chaincode parameters that channel members need to
agree to using the chaincode definition is the chaincode endorsement policy.
The endorsement policy describes the set of organizations that must endorse
(execute and sign) a transaction before it can be determined to be valid. By
approving the papercontract
chaincode without the --policy
flag, the
MagnetoCorp admin agrees to using the default endorsement policy, which requires a
majority of organizations on the channel to endorse a transaction. All transactions,
whether valid or invalid, will be recorded on the ledger blockchain,
but only valid transactions will update the world state.
Install and approve the smart contract as DigiBank¶
By default, the Fabric Chaincode lifecycle requires a majority of organizations
on the channel to successfully commit the chaincode definition to the channel.
This implies that we need to approve the papernet
chaincode as both MagnetoCorp
and DigiBank to get the required majority of 2 out of 2. Open a new terminal
window in the fabric-samples
and navigate to the older that contains the
DigiBank smart contract and application files:
(digibank admin)$ cd commercial-paper/organization/digibank/
Use the script in the DigiBank folder to set the environment variables that will allow you to act as the DigiBank admin:
source digibank.sh
We can now install and approve papercontract
as the DigiBank. Run the following
command to package the chaincode:
(digibank admin)$ peer lifecycle chaincode package cp.tar.gz --lang node --path ./contract --label cp_0
The admin can now install the chaincode on the DigiBank peer:
(digibank admin)$ peer lifecycle chaincode install cp.tar.gz
We then need to query and save the packageID of the chaincode that was just installed:
(digibank admin)$ peer lifecycle chaincode queryinstalled
Save the package ID as an environment variable. Complete this step using the package ID returned from your console.
export PACKAGE_ID=cp_0:ffda93e26b183e231b7e9d5051e1ee7ca47fbf24f00a8376ec54120b1a2a335c
The Digibank admin can now approve the chaincode definition of papercontract
:
(digibank admin)$ peer lifecycle chaincode approveformyorg --orderer localhost:7050 --ordererTLSHostnameOverride orderer.example.com --channelID mychannel --name papercontract -v 0 --package-id $PACKAGE_ID --sequence 1 --tls --cafile $ORDERER_CA
Commit the chaincode definition to the channel¶
Now that DigiBank and MagnetoCorp have both approved the papernet
chaincode, we
have the majority we need (2 out of 2) to commit the chaincode definition to the
channel. Once the chaincode is successfully defined on the channel, the
CommercialPaper
smart contract inside the papercontract
chaincode can be
invoked by client applications on the channel. Since either organization can
commit the chaincode to the channel, we will continue operating as the
DigiBank admin:
After the DigiBank administrator commits the definition of the papercontract
chaincode to the channel, a new Docker chaincode container will be created to run papercontract
on both PaperNet peers
The DigiBank administrator uses the peer lifecycle chaincode commit
command
to commit the chaincode definition of papercontract
to mychannel
:
(digibank admin)$ peer lifecycle chaincode commit -o localhost:7050 --ordererTLSHostnameOverride orderer.example.com --peerAddresses localhost:7051 --tlsRootCertFiles ${PEER0_ORG1_CA} --peerAddresses localhost:9051 --tlsRootCertFiles ${PEER0_ORG2_CA} --channelID mychannel --name papercontract -v 0 --sequence 1 --tls --cafile $ORDERER_CA --waitForEvent
The chaincode container will start after the chaincode definition has been
committed to the channel. You can use the docker ps
command to see
papercontract
container starting on both peers.
(digibank admin)$ docker ps
CONTAINER ID IMAGE COMMAND CREATED STATUS PORTS NAMES
d4ba9dc9c55f dev-peer0.org1.example.com-cp_0-ebef35e7f1f25eea1dcc6fcad5019477cd7f434c6a5dcaf4e81744e282903535-05cf67c20543ee1c24cf7dfe74abce99785374db15b3bc1de2da372700c25608 "docker-entrypoint.s…" 30 seconds ago Up 28 seconds dev-peer0.org1.example.com-cp_0-ebef35e7f1f25eea1dcc6fcad5019477cd7f434c6a5dcaf4e81744e282903535
a944c0f8b6d6 dev-peer0.org2.example.com-cp_0-1487670371e56d107b5e980ce7f66172c89251ab21d484c7f988c02912ddeaec-1a147b6fd2a8bd2ae12db824fad8d08a811c30cc70bc5b6bc49a2cbebc2e71ee "docker-entrypoint.s…" 31 seconds ago Up 28 seconds dev-peer0.org2.example.com-cp_0-1487670371e56d107b5e980ce7f66172c89251ab21d484c7f988c02912ddeaec
Notice that the containers are named to indicate the peer that started it, and
the fact that it”s running papercontract
version 0
.
Now that we have deployed the papercontract
chaincode to the channel, we can
use the MagnetoCorp application to issue the commercial paper. Let”s take a
moment to examine the application structure.
Application structure¶
The smart contract contained in papercontract
is called by MagnetoCorp”s
application issue.js
. Isabella uses this application to submit a transaction
to the ledger which issues commercial paper 00001
. Let”s quickly examine how
the issue
application works.
A gateway allows an application to focus on transaction generation, submission and response. It coordinates transaction proposal, ordering and notification processing between the different network components.
Because the issue
application submits transactions on behalf of Isabella, it
starts by retrieving Isabella”s X.509 certificate from her
wallet, which might be stored on the local file
system or a Hardware Security Module
HSM. The issue
application is then able to utilize the gateway to submit transactions on the
channel. The Hyperledger Fabric SDK provides a
gateway abstraction so that applications can
focus on application logic while delegating network interaction to the
gateway. Gateways and wallets make it straightforward to write Hyperledger
Fabric applications.
So let”s examine the issue
application that Isabella is going to use. Open a
separate terminal window for her, and in fabric-samples
locate the MagnetoCorp
/application
folder:
(isabella)$ cd commercial-paper/organization/magnetocorp/application/
(isabella)$ ls
addToWallet.js issue.js package.json
addToWallet.js
is the program that Isabella is going to use to load her
identity into her wallet, and issue.js
will use this identity to create
commercial paper 00001
on behalf of MagnetoCorp by invoking papercontract
.
Change to the directory that contains MagnetoCorp”s copy of the application
issue.js
, and use your code editor to examine it:
(isabella)$ cd commercial-paper/organization/magnetocorp/application
(isabella)$ code issue.js
Examine this directory; it contains the issue application and all its dependencies.
A code editor displaying the contents of the commercial paper application directory.
Note the following key program lines in issue.js
:
const { Wallets, Gateway } = require('fabric-network');
This statement brings two key Hyperledger Fabric SDK classes into scope –
Wallet
andGateway
.const wallet = await Wallets.newFileSystemWallet('../identity/user/isabella/wallet');
This statement identifies that the application will use
isabella
wallet when it connects to the blockchain network channel. Because Isabella”s X.509 certificate is in the local file system, the application creates a newFileSystemWallet
. The application will select a particular identity withinisabella
wallet.await gateway.connect(connectionProfile, connectionOptions);
This line of code connects to the network using the gateway identified by
connectionProfile
, using the identity referred to inConnectionOptions
.See how
../gateway/networkConnection.yaml
andUser1@org1.example.com
are used for these values respectively.const network = await gateway.getNetwork('mychannel');
This connects the application to the network channel
mychannel
, where thepapercontract
was previously instantiated.const contract = await network.getContract('papercontract');
This statement gives the application access to the
papercontract
chaincode. Once an application has issued getContract, it can submit to any smart contract transaction implemented within the chaincode.const issueResponse = await contract.submitTransaction('issue', 'MagnetoCorp', '00001', ...);
This line of code submits the a transaction to the network using the
issue
transaction defined within the smart contract.MagnetoCorp
,00001
… are the values to be used by theissue
transaction to create a new commercial paper.let paper = CommercialPaper.fromBuffer(issueResponse);
This statement processes the response from the
issue
transaction. The response needs to deserialized from a buffer intopaper
, aCommercialPaper
object which can interpreted correctly by the application.
Feel free to examine other files in the /application
directory to understand
how issue.js
works, and read in detail how it is implemented in the
application topic.
Application dependencies¶
The issue.js
application is written in JavaScript and designed to run in the
Node.js environment that acts as a client to the PaperNet network.
As is common practice, MagnetoCorp”s application is built on many
external node packages — to improve quality and speed of development. Consider
how issue.js
includes the js-yaml
package to process the YAML gateway
connection profile, or the fabric-network
package to access the Gateway
and Wallet
classes:
const yaml = require('js-yaml');
const { Wallets, Gateway } = require('fabric-network');
These packages have to be downloaded from npm to the
local file system using the npm install
command. By convention, packages must
be installed into an application-relative /node_modules
directory for use at
runtime.
Examine the package.json
file to see how issue.js
identifies the packages to
download and their exact versions:
"dependencies": {
"fabric-network": "~1.4.0",
"fabric-client": "~1.4.0",
"js-yaml": "^3.12.0"
},
npm versioning is very powerful; you can read more about it here.
Let”s install these packages with the npm install
command – this may take up
to a minute to complete:
(isabella)$ cd commercial-paper/organization/magnetocorp/application/
(isabella)$ npm install
( ) extract:lodash: sill extract ansi-styles@3.2.1
(...)
added 738 packages in 46.701s
See how this command has updated the directory:
(isabella)$ ls
addToWallet.js node_modules package.json
issue.js package-lock.json
Examine the node_modules
directory to see the packages that have been
installed. There are lots, because js-yaml
and fabric-network
are themselves
built on other npm packages! Helpfully, the package-lock.json
file identifies the exact
versions installed, which can prove invaluable if you want to exactly reproduce
environments; to test, diagnose problems or deliver proven applications for
example.
Wallet¶
Isabella is almost ready to run issue.js
to issue MagnetoCorp commercial paper
00001
; there”s just one remaining task to perform! As issue.js
acts on
behalf of Isabella, and therefore MagnetoCorp, it will use identity from her
wallet that reflects these facts. We now need to
perform this one-time activity of adding appropriate X.509 credentials to her
wallet.
In Isabella”s terminal window, run the addToWallet.js
program to add identity
information to her wallet:
(isabella)$ node addToWallet.js
done
addToWallet.js
is a simple file-copying program which you can examine at your
leisure. It moves an identity from the test network sample to Isabella”s
wallet. Let”s focus on the result of this program — the contents of
the wallet which will be used to submit transactions to PaperNet:
(isabella)$ ls ../identity/user/isabella/wallet/
isabella.id
Isabella can store multiple identities in her wallet, though in our example, she
only uses one. The wallet
folder contains an isabella.id
file that provides
the information that Isabella needs to connect to the network. Other identities
used by Isabella would have their own file. You can open this file to see the
identity information that issue.js
will use on behalf of Isabella inside a JSON
file. The output has been formatted for clarity.
(isabella)$ cat ../identity/user/isabella/wallet/*
{
"credentials": {
"certificate": "-----BEGIN CERTIFICATE-----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\nXf0CSiTXIWOJIsswN4Jp+ZxkJfFVmXndqKqz+VM=\n-----END CERTIFICATE-----\n",
"privateKey": "-----BEGIN PRIVATE KEY-----\nMIGHAgEAMBMGByqGSM49AgEGCCqGSM49AwEHBG0wawIBAQQggs55vQg2oXi8gNi8\nNidE8Fy5zenohArDq3FGJD8cKU2hRANCAAT4TnTblx0kgfqX+NN7F76Me33VTq3K\n2NUWZRreoJzq6bAuvdDR+iFvVPKXbdORnVvRSATcXsYlt20yU7n/53db\n-----END PRIVATE KEY-----\n"
},
"mspId": "Org2MSP",
"type": "X.509",
"version": 1
}
In the file you can notice the following:
- a
"privateKey":
used to sign transactions on Isabella”s behalf, but not distributed outside of her immediate control. - a
"certificate":
which contains Isabella”s public key and other X.509 attributes added by the Certificate Authority at certificate creation. This certificate is distributed to the network so that different actors at different times can cryptographically verify information created by Isabella”s private key.
You can Learn more about certificates here. In practice, the certificate file also contains some Fabric-specific metadata such as Isabella”s organization and role – read more in the wallet topic.
Issue application¶
Isabella can now use issue.js
to submit a transaction that will issue
MagnetoCorp commercial paper 00001
:
(isabella)$ node issue.js
Connect to Fabric gateway.
Use network channel: mychannel.
Use org.papernet.commercialpaper smart contract.
Submit commercial paper issue transaction.
Process issue transaction response.{"class":"org.papernet.commercialpaper","key":"\"MagnetoCorp\":\"00001\"","currentState":1,"issuer":"MagnetoCorp","paperNumber":"00001","issueDateTime":"2020-05-31","maturityDateTime":"2020-11-30","faceValue":"5000000","owner":"MagnetoCorp"}
MagnetoCorp commercial paper : 00001 successfully issued for value 5000000
Transaction complete.
Disconnect from Fabric gateway.
Issue program complete.
The node
command initializes a Node.js environment, and runs issue.js
. We
can see from the program output that MagnetoCorp commercial paper 00001 was
issued with a face value of 5M USD.
As you”ve seen, to achieve this, the application invokes the issue
transaction
defined in the CommercialPaper
smart contract within papercontract.js
. This
had been installed and instantiated in the network by the MagnetoCorp
administrator. It”s the smart contract which interacts with the ledger via the
Fabric APIs, most notably putState()
and getState()
, to represent the new
commercial paper as a vector state within the world state. We”ll see how this
vector state is subsequently manipulated by the buy
and redeem
transactions
also defined within the smart contract.
All the time, the underlying Fabric SDK handles the transaction endorsement, ordering and notification process, making the application”s logic straightforward; the SDK uses a gateway to abstract away network details and connectionOptions to declare more advanced processing strategies such as transaction retry.
Let”s now follow the lifecycle of MagnetoCorp 00001 by switching our emphasis to an employee of DigiBank, Balaji, who will buy the commercial paper using a DigiBank application.
Digibank applications¶
Balaji uses DigiBank”s buy
application to submit a transaction to the ledger
which transfers ownership of commercial paper 00001
from MagnetoCorp to
DigiBank. The CommercialPaper
smart contract is the same as that used by
MagnetoCorp”s application, however the transaction is different this time –
it”s buy
rather than issue
. Let”s examine how DigiBank”s application works.
Open a separate terminal window for Balaji. In fabric-samples
, change to the
DigiBank application directory that contains the application, buy.js
, and open
it with your editor:
(balaji)$ cd commercial-paper/organization/digibank/application/
(balaji)$ code buy.js
As you can see, this directory contains both the buy
and redeem
applications
that will be used by Balaji.
DigiBank”s
commercial paper directory containing the buy.js
and redeem.js
applications.
DigiBank”s buy.js
application is very similar in structure to MagnetoCorp”s
issue.js
with two important differences:
Identity: the user is a DigiBank user
Balaji
rather than MagnetoCorp”sIsabella
const wallet = await Wallets.newFileSystemWallet('../identity/user/balaji/wallet');
See how the application uses the
balaji
wallet when it connects to the PaperNet network channel.buy.js
selects a particular identity withinbalaji
wallet.Transaction: the invoked transaction is
buy
rather thanissue
const buyResponse = await contract.submitTransaction('buy', 'MagnetoCorp', '00001', ...);
A
buy
transaction is submitted with the valuesMagnetoCorp
,00001
, …, that are used by theCommercialPaper
smart contract class to transfer ownership of commercial paper00001
to DigiBank.
Feel free to examine other files in the application
directory to understand
how the application works, and read in detail how buy.js
is implemented in
the application topic.
Run as DigiBank¶
The DigiBank applications which buy and redeem commercial paper have a very similar structure to MagnetoCorp”s issue application. Therefore, let’s install their dependencies and set up Balaji”s wallet so that he can use these applications to buy and redeem commercial paper.
Like MagnetoCorp, Digibank must the install the required application packages
using the npm install
command, and again, this make take a short time to
complete.
In the DigiBank administrator window, install the application dependencies:
(digibank admin)$ cd commercial-paper/organization/digibank/application/
(digibank admin)$ npm install
( ) extract:lodash: sill extract ansi-styles@3.2.1
(...)
added 738 packages in 46.701s
In Balaji”s command window, run the addToWallet.js
program to add the identity
to his wallet:
(balaji)$ node addToWallet.js
done
The addToWallet.js
program has added identity information for balaji
, to his
wallet, which will be used by buy.js
and redeem.js
to submit transactions to
PaperNet
.
Like Isabella, Balaji can store multiple identities in his wallet, though in our
example, he only uses one. His corresponding id file at
digibank/identity/user/balaji/wallet/balaji.id
is very similar Isabella”s —
feel free to examine it.
Buy application¶
Balaji can now use buy.js
to submit a transaction that will transfer ownership
of MagnetoCorp commercial paper 00001 to DigiBank.
Run the buy
application in Balaji”s window:
(balaji)$ node buy.js
Connect to Fabric gateway.
Use network channel: mychannel.
Use org.papernet.commercialpaper smart contract.
Submit commercial paper buy transaction.
Process buy transaction response.
MagnetoCorp commercial paper : 00001 successfully purchased by DigiBank
Transaction complete.
Disconnect from Fabric gateway.
Buy program complete.
You can see the program output that MagnetoCorp commercial paper 00001 was
successfully purchased by Balaji on behalf of DigiBank. buy.js
invoked the
buy
transaction defined in the CommercialPaper
smart contract which updated
commercial paper 00001
within the world state using the putState()
and
getState()
Fabric APIs. As you”ve seen, the application logic to buy and issue
commercial paper is very similar, as is the smart contract logic.
Redeem application¶
The final transaction in the lifecycle of commercial paper 00001 is for
DigiBank to redeem it with MagnetoCorp. Balaji uses redeem.js
to submit a
transaction to perform the redeem logic within the smart contract.
Run the redeem
transaction in Balaji”s window:
(balaji)$ node redeem.js
Connect to Fabric gateway.
Use network channel: mychannel.
Use org.papernet.commercialpaper smart contract.
Submit commercial paper redeem transaction.
Process redeem transaction response.
MagnetoCorp commercial paper : 00001 successfully redeemed with MagnetoCorp
Transaction complete.
Disconnect from Fabric gateway.
Redeem program complete.
Again, see how the commercial paper 00001 was successfully redeemed when
redeem.js
invoked the redeem
transaction defined in CommercialPaper
.
Again, it updated commercial paper 00001
within the world state to reflect
that the ownership returned to MagnetoCorp, the issuer of the paper.
Clean up¶
When you are finished using the Commercial Paper tutorial, you can use a script to clean up your environment. Use a command window to navigate back to the root directory of the commercial paper sample:
cd fabric-samples/commercial-paper
You can then bring down the network with the following command:
./network-clean.sh
This command will bring down the peers, CouchDB containers, and ordering node of the network, in addition to the logspout tool. It will also remove the identities that we created for Isabella and Balaji. Note that all of the data on the ledger will be lost. If you want to go through the tutorial again, you will start from a clean initial state.
Further reading¶
To understand how applications and smart contracts shown in this tutorial work in more detail, you”ll find it helpful to read Developing Applications. This topic will give you a fuller explanation of the commercial paper scenario, the PaperNet business network, its actors, and how the applications and smart contracts they use work in detail.
Also feel free to use this sample to start creating your own applications and smart contracts!