Research Area:  Blockchain Technology

Abstract:

With ever-evolving technologies, the banking systems can update from their traditional methodologies to a digital, immutable, distributed ledger that can be implemented via Blockchain. Blockchain Technology is a distributed peer to peer linked structure which can solve the problem of maintaining and recording transactions in a banking system. Blockchain provides properties like transparency, robustness, auditability, and security. This paper aims at giving these functionalities in a distributed banking system using blockchain, which will be at par with the current methodologies. It will also focus on the limitations while implementing blockchain and future scope.

Keywords:  

Author(s) Name:  Nikita Rajeshkumar Bagrecha; Ishaq Mustafa Polishwala; Pragya Abhai Mehrotra; Rishabh Sharma; B.S. Thakare

Publisher name:  IEEE

DOI:  10.1109/INCET49848.2020.9154115

Volume Information:  Volume 11, (2020)

Paper Link:   https://ieeexplore.ieee.org/document/9154115