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Safeguarding The Financial Transactions With The Aid Of Blockchain Technology

  • Unique Paper ID: 153280
  • Volume: 8
  • Issue: 6
  • PageNo: 318-322
  • Abstract:
  • The emergence of digital technology has changed people's lives forever. In the financial sector, there have been numerous hazards and scams discovered. Banking systems have a centralised database, making it easier for an attacker to gain access to data and making the system insecure. The problems of this centralised approach can be minimised by changing the structure and using block-chain technology instead of tokens. Block-chain uses a decentralised design to store and retrieve data across a database. Database hacking attacks are reduced as a result. Each block in the network confirms block-chain transactions, increasing their security and supporting the financial system.
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  • ISSN: 2349-6002
  • Volume: 8
  • Issue: 6
  • PageNo: 318-322

Safeguarding The Financial Transactions With The Aid Of Blockchain Technology

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