A Secured Healthcare System for User Using Blockchain Technology
Author(s):
ATHEEYA PARVEEN, DR. RUKSAR FATIMA
Keywords:
AML, Block-Chain, KY-C, Machine Learning.
Abstract
Block-chain, one of the most well-known examples of Distributed Ledger Technology, has been heralded as the key to the financial services industry's future success. Block-chain is a platform that may be used to revolutionise a variety of activities in the financial services industry, including peer-to-peer payments, trade settlements, and supply chain monitoring. All of these use cases rely on one thing: participant or user identification and verification. This is referred to as "Know Your Customer" (KY-C). Before making any transactions, one of the most important things that develops confidence between the parties is user verification. In order to remain compliant with anti-money laundering (AML) rules and other data protection regulations, many financial institutions have implemented lengthy, expensive procedures. This approach solves the problem by utilising Hyperledger Fabric, a blockchain based framework that includes crucial capabilities such as a permissioned network, data secrecy, and programability. These characteristics create a sense of trust, transparency, and accountability.
Article Details
Unique Paper ID: 153240

Publication Volume & Issue: Volume 8, Issue 6

Page(s): 196 - 201
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