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Bank Management System using Blockchain

International Journal of Computer Applications
Foundation of Computer Science (FCS), NY, USA
Year of Publication: 2021
Nalini Jagtap, Vivek Salunke, Sharvari Joshi, Rutiksha Bhosale, Afarin Manyar

Nalini Jagtap, Vivek Salunke, Sharvari Joshi, Rutiksha Bhosale and Afarin Manyar. Bank Management System using Blockchain. International Journal of Computer Applications 183(7):12-14, June 2021. BibTeX

	author = {Nalini Jagtap and Vivek Salunke and Sharvari Joshi and Rutiksha Bhosale and Afarin Manyar},
	title = {Bank Management System using Blockchain},
	journal = {International Journal of Computer Applications},
	issue_date = {June 2021},
	volume = {183},
	number = {7},
	month = {Jun},
	year = {2021},
	issn = {0975-8887},
	pages = {12-14},
	numpages = {3},
	url = {},
	doi = {10.5120/ijca2021921355},
	publisher = {Foundation of Computer Science (FCS), NY, USA},
	address = {New York, USA}


Only authorized and legitimate users have access to their database banking data thanks to our remote authentication system. The user will make a cash withdrawal from his account. Users can move money to various accounts by listing the account number. To withdraw money, users must first enter the amount they wish to withdraw and then decide which account they wish to withdraw from (savings account, current account) from all bank accounts of individual users. To make purchases, the user's bank account must have sufficient funds. The blockchain has made remarkable progress in bitcoin, and its decentralization concept has gotten a lot of attention from budgetary foundations, financial markets, and academics. Decentralization is the most important aspect of the blockchain, but it penalizes proficiency, while mining results in high coin exchange costs; in some projects, such as retail, high efficiency, and minimal effort are needed. The consensus algorithm is at the heart of the blockchain. They have power over how a blockchain runs. However, there are still numerous barriers to blockchain innovation, such as adaptability and security problems, that must be addressed. We provide a comprehensive overview of blockchain innovation and blockchain architectures in this article. We also correlate certain average agreement equations used in different blockchain. The proposed framework manages blockchain-based transaction management banking records and automatically recovers data from third-party attacks. It also alerts users to data inconsistency problems throughout transactions.


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cash, cashless, direct payments, local payment, cross-currency payment, digital, payment, Blockchain.