Banking System using Block chain Technology

Authors

  • Prof. Kanchan Pradhan  Professor, Department of Computer Engineering, Shri Ramchandra College of Engineering, Pune, Maharashtra, India
  • Gaokarna Subhanrao Ghule  UG Student, Department of Computer Engineering, Shree Ramchandra College of Engineering, Pune, Maharashtra, India
  • Durgesh Rajkumar Yadav  
  • Snehal Suhas Shinde  

DOI:

https://doi.org/10.32628/IJSRSET2073112

Keywords:

Cyber Security, Block Chain, Banking System.

Abstract

Increasing digital technology has revolutionized the life of people. The banking system in today’s world is open to threats of fraud and cyber-attacks. Since todays banking system is built on centralized databases, it is easy for an attacker to penetrate in any such database which will easily compromise all the information and data of the customers of the bank. This vulnerability of today’s banking system can be reduced by re-building the banking systems on top of block chain technology, which will remove the centralized database architecture and decentralize the data over the block chain, thus reducing the threat of database being hacked. Since the transactions over the block chain technology is verified by each and every nodes of the chain, it will make the transactions more and more secure thus making the overall banking system faster and secure.

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International Journal of Scientific Research in Science, Engineering and Technology

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Published

2020-06-30

Issue

Volume 7, Issue 3, May-June-2020

Section

Research Articles

License

Copyright (c) IJSRSET

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

How to Cite

[1]
Prof. Kanchan Pradhan, Gaokarna Subhanrao Ghule, Durgesh Rajkumar Yadav, Snehal Suhas Shinde "Banking System using Block chain Technology" International Journal of Scientific Research in Science, Engineering and Technology (IJSRSET), Print ISSN : 2395-1990, Online ISSN : 2394-4099, Volume 7, Issue 3, pp.566-570, May-June-2020. Available at doi : https://doi.org/10.32628/IJSRSET2073112