implementation of traceability and single card based secured transaction system using block chain technology
Shanmugavalli.H,MOHAMED ASHIK T,NAVEENPRASANTH R,SURYA R
Published in International Journal of Advanced Research in Computer Science Engineering and Information Technology
ISSN: 2321-3337 Impact Factor:1.521 Volume:6 Issue:3 Year: 23 April,2024 Pages:1943-1949
Abstract
This project introduces a novel approach to enhance blockchain technology by integrating single card-based transactions to ensure traceability and security. The current limitation faced in India is the ban on bitcoin transactions and blockchain banking systems due to their untrace ability. In this project, we propose a solution that deploys a user unique/single ID-based transaction system, enabling all transactions to be conducted through a single card. Each user ID is mapped to a single ID, ensuring traceability and security. This system not only facilitates secure banking implementation using blockchain but also enables easy tracking of all transactions by the government. Additionally, we incorporate fog computing concepts for efficient data transfer to the cloud.
Kewords
Blockchain, Single Card Transactions, Traceability, Security, Fog Computing, Banking
Reference
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