BLOCKCHAIN TECHNOLOGY IN BANKING
DOI:
https://doi.org/10.26906/SUNZ.2022.1.094Keywords:
Blockchain, distributed consensus, Proof-of-Stake, Proof-of-Work, banking transactionAbstract
The subject of research in the article is the implementation of banking transactions. The purpose of the work is to present a solution for conducting banking transactions based on Blockchain technology. The article presents the basic systems for transferring funds between banks, provides a simplified scheme for conducting a transaction, as well as a software system based on it. The following results were obtained: a solution for the software implementation of transactions between banks based on a client's request is presented. Conclusions: 1) a scheme for conducting transactions on settlement operations without intermediary banks is proposed; 2) based on the analysis of existing methods for reaching consensus, the use of the PoW method and the use of the SHA256 hashing algorithm are justified; 3) a software implementation of financial transactions based on Blockchain technology has been developed, which allows for safer, faster and cheaper fund transfer operations. A promising direction for further research is the expansion of possible operations for the provision of banking services based on Blockchain echnology.Downloads
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