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@article{204127,
        author = {Sayali Lipare and Dr. M.R. Bendre and Prof.S.C.Puranik},
        title = {A Multi-perspective Fraud Detection Method for Multi-Participant Banking Transactions Using Blockchain Technology.},
        journal = {International Journal of Innovative Research in Technology},
        year = {2026},
        volume = {13},
        number = {1},
        pages = {1055-1059},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=204127},
        abstract = {In the current digital era, online banking transactions have become a vital part of financial systems, but with the rapid increase in transaction volume, fraudulent activities and unauthorized access have also become a major concern. This project aims to design and develop a secure and transparent platform that minimizes fraud in multi-party banking systems. The system utilizes Blockchain technology to record, verify, and store transaction data in an immutable and decentralized ledger, ensuring that every transaction is traceable and tamper-proof. Each banking activity, whether initiated by a user or a financial institution, is validated by multiple participants to prevent data manipulation and false transaction entries. The proposed model integrates a custom blockchain framework with multi-level authentication mechanisms, including a unique password generation system, visual dual keypad interface, and two-step verification for enhanced security. This ensures that only authorized users can initiate and validate transactions, thereby reducing the risks of identity theft, phishing, and unauthorized fund transfers. Moreover, the blockchain network supports distributed verification, meaning all participating banks and users act as validators, ensuring transaction integrity from multiple perspectives. The fraud detection system analyzes transaction patterns, checks anomalies, and alerts administrators about any suspicious activities in real-time. This web-based system, developed using Java technology, not only provides a secure platform for executing banking transactions but also promotes accountability, transparency, and trust among multiple banking participants. By leveraging blockchain and smart verification layers, the proposed model effectively reduces data breaches, ensures end-to-end encryption, and enhances the resilience of digital banking infrastructures. The combination of blockchain security and intelligent verification mechanisms offers a sustainable solution for the future of secure and fraud-free banking systems.},
        keywords = {Custom Blockchain Technology, Fraud Detection, Multi-Participant Banking, Distributed Ledger, Consensus Mechanism, Visual Dual Keypad, Two-Step Authentication, Cryptographic Hashing, Java Web Application, Secure Transaction System, etc.},
        month = {June},
        }