ENHANCED ANALYSIS OF BLOCKCHAIN BASED SECURITY SYSTEMS IN FINANCIAL INSTITUTIONS
Abstract
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The blockchain technology has provided a revolutionary way of secure data storage and transfer. It is a distributed ledger technology (DLT) that creates a secure and immutable record of transactions. This technology has been used to create secure and reliable systems for financial institutions. The blockchain based security system provides a secure platform for financial institutions. It ensures that the transactions are secure and immutable. This technology has been used to create digital assets that can be securely stored and transferred. It also ensures that the transactions are transparent and secure. The blockchain technology can be used to enable secure transactions between financial institutions. By using the blockchain, financial institutions can create a secure platform for transactions. This will ensure that the transactions are secure and immutable. It also ensures that the transactions are transparent and secure. The blockchain technology can also be used to create a secure system for digital identity management. This will ensure that the digital identities of the users are secure and immutable. It also ensures that the users’ identity is protected and secure. The blockchain technology can also be used to create a secure platform for digital payments. This will ensure that the payments are secure and immutable. It also ensures that the payments are transparent and secure.

Authors
A. Sairam1, D. Sasikumar2, R. Sendhil Kumar3, B. Yuvaraj4
Karpaga Vinayaga College of Engineering and Technology, India1, Sphoorthy Engineering College, India2, Thirumalai Engineering College, India3,4

Keywords
Blockchain, Secure, Data Storage, Technology, Transactions, Financial Institutions
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Published By :
ICTACT
Published In :
ICTACT Journal on Communication Technology
( Volume: 14 , Issue: 1 , Pages: 2861 - 2867 )
Date of Publication :
March 2023
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381
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3

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