ICTACT Journal on Communication Technology

Open Access Open Access  Restricted Access Subscription Access
Open Access Open Access Open Access  Restricted Access Restricted Access Subscription Access

Enhanced Analysis of Blockchain Based Security Systems In Financial Institutions


Affiliations
1 Department of Computer Science and Engineering, Karpaga Vinayaga College of Engineering and Technology, India., India
2 Department of Computer Science and Engineering, Sphoorthy Engineering College, India., India
3 Department of Master of Computer Application, Thirumalai Engineering College, India., India
4 Department of Computer Science and Engineering, Thirumalai Engineering College, India., India
     

   Subscribe/Renew Journal


The blockchain technology has provided a revolutionary way of secure data storage and transfer. It is a distributed ledger technology (DLT) that creates a secure and immutable record of transactions. This technology has been used to create secure and reliable systems for financial institutions. The blockchain based security system provides a secure platform for financial institutions. It ensures that the transactions are secure and immutable. This technology has been used to create digital assets that can be securely stored and transferred. It also ensures that the transactions are transparent and secure. The blockchain technology can be used to enable secure transactions between financial institutions. By using the blockchain, financial institutions can create a secure platform for transactions. This will ensure that the transactions are secure and immutable. It also ensures that the transactions are transparent and secure. The blockchain technology can also be used to create a secure system for digital identity management. This will ensure that the digital identities of the users are secure and immutable. It also ensures that the users’ identity is protected and secure. The blockchain technology can also be used to create a secure platform for digital payments. This will ensure that the payments are secure and immutable. It also ensures that the payments are transparent and secure.

Keywords

Blockchain, Secure, Data Storage,Technology,Transactions, Financial Institutions.
Subscription Login to verify subscription
User
Notifications
Font Size

  • A.S. Hosen, S. Singh, P.K. Sharma and G.H. Cho, “Blockchain-Based Transaction Validation Protocol for a Secure Distributed IoT Network”, IEEE Access, Vol. 8, pp. 117266-117277, 2020.

  • S.M.H. Bamakan, A. Motavali and A.B. Bondarti, “A Survey of Blockchain Consensus Algorithms Performance Evaluation Criteria”, Expert Systems with Applications, Vol. 154, pp. 1-19, 2020.

  • S. Trivedi and R. Sharma, “Systematic Literature Review on Application of Blockchain Technology in E-Finance and Financial Services”, Journal of Technology Management and Innovation, Vol. 16, No. 3, pp. 89-102, 2021.

  • S.B. Patel and N. Kumar, “Kirti: A Blockchain-Based Credit Recommender System for Financial Institutions”, IEEE Transactions on Network Science and Engineering, Vol. 8, No. 2, pp. 1044-1054, 2020.

  • N. Kabra and S. Tyagi, “MudraChain: Blockchain-based Framework for Automated Cheque Clearance in Financial Institutions”, Future Generation Computer Systems, Vol. 102, pp. 574-587, 2020.

  • K. Fanning and D.P. Centers, “Blockchain and its Coming Impact on Financial Services”, Journal of Corporate Accounting and Finance, Vol. 27, No. 5, pp. 53-57, 2016.

  • M. Peterson, “Blockchain and the Future of Financial Services”, The Journal of Wealth Management, Vol. 21, No. 1, pp. 124-131, 2018.

  • Y. Guo and C. Liang, “Blockchain Application and Outlook in the Banking Industry”, Financial Innovation, Vol. 2, pp. 1-12, 2016.

  • H. Rathore, A. Mohamed and M. Guizani, “A Survey of Blockchain Enabled Cyber-Physical Systems”, Sensors, Vol. 20, No. 1, pp. 282-291, 2020.

  • N. Jiwani and K. Gupta, “Exploring Business Intelligence Capabilities for Supply Chain: A Systematic Review”, Transactions on Latest Trends in IoT, Vol. 1, No. 1, pp. 1- 10, 2018.

  • B. Gobinathan, M.A. Mukunthan, S. Surendran, and V.P. Sundramurthy, “A Novel Method to Solve Real Time Security Issues in Software Industry using Advanced Cryptographic Techniques”, Scientific Programming, Vol. 2021, pp. 1-7, 2021.

  • N. Jiwani and K. Gupta, “Comparison of Various Tools and Techniques used for Project Risk Management”, International Journal of Machine Learning for Sustainable Development, Vol. 1, No. 1, pp. 51-58, 2019.

  • R. Chaudhary, A. Jindal, G.S. Aujla and K.K.R. Choo, “Best: Blockchain-Based Secure Energy Trading in SDNEnabled Intelligent Transportation System”, Computers and Security, Vol. 85, pp. 288-299, 2019.


Abstract Views: 184

PDF Views: 0




  • Enhanced Analysis of Blockchain Based Security Systems In Financial Institutions

Abstract Views: 184  |  PDF Views: 0

Authors

A. Sairam
Department of Computer Science and Engineering, Karpaga Vinayaga College of Engineering and Technology, India., India
D. Sasikumar
Department of Computer Science and Engineering, Sphoorthy Engineering College, India., India
R. Sendhil Kumar
Department of Master of Computer Application, Thirumalai Engineering College, India., India
B. Yuvaraj
Department of Computer Science and Engineering, Thirumalai Engineering College, India., India

Abstract


The blockchain technology has provided a revolutionary way of secure data storage and transfer. It is a distributed ledger technology (DLT) that creates a secure and immutable record of transactions. This technology has been used to create secure and reliable systems for financial institutions. The blockchain based security system provides a secure platform for financial institutions. It ensures that the transactions are secure and immutable. This technology has been used to create digital assets that can be securely stored and transferred. It also ensures that the transactions are transparent and secure. The blockchain technology can be used to enable secure transactions between financial institutions. By using the blockchain, financial institutions can create a secure platform for transactions. This will ensure that the transactions are secure and immutable. It also ensures that the transactions are transparent and secure. The blockchain technology can also be used to create a secure system for digital identity management. This will ensure that the digital identities of the users are secure and immutable. It also ensures that the users’ identity is protected and secure. The blockchain technology can also be used to create a secure platform for digital payments. This will ensure that the payments are secure and immutable. It also ensures that the payments are transparent and secure.

Keywords


Blockchain, Secure, Data Storage,Technology,Transactions, Financial Institutions.

References