Hypothesis

Financial Institutions using blockchain technology can help reduce or eliminate fraudulent transactions from occurring in a business’s day to day activities.

Proposal outline

Introduction

Rehman, M. H. ur, Salah, K., Damiani, E., & Svetinovic, D. (2020). Trust in Blockchain Cryptocurrency Ecosystem. IEEE Transactions on Engineering Management, 67(4), 1196–1212. https://doi-org.ezproxy.fhsu.edu/10.1109/TEM.2019.294886

Treleaven, P., Gendal Brown, R., & Yang, D. (2017). Blockchain Technology in Finance. Computer (00189162), 50(9), 14–17. https://doi-org.ezproxy.fhsu.edu/10.1109/MC.2017.3571047

Literature review

What is Blockchain technology

Verma, A. K., & Garg, A. (2017). Blockchain: An Analysis on Next-Generation Internet. International Journal of Advanced Research in Computer Science, 8(8), 429–432. https://doi-org.ezproxy.fhsu.edu/10.26483/ijarcs.v8i8.4769

Xie, J., Zhou, X., Wang, S., Sun, X., & Sun, B. (2022). Transaction search engine of distributed electricity market trading platform based on blockchain technology. Energy Science & Engineering, 10(2), 439–457. https://doi-org.ezproxy.fhsu.edu/10.1002/ese3.103

Preventing Fraud using Blockchain

Rankhambe, B. P., & Khanuja, H. K. (2021). Hassle – Free and Secure e-KYC System Using Distributed Ledger Technology. International Journal of Next-Generation Computing, 12(2), 74–90

Credit Card Fraud Detection via Integrated Account and Transaction Submodules. Arabian Journal for Science & Engineering (Springer Science & Business Media B.V. ), 46(10), 10023–10031. https://doi-org.ezproxy.fhsu.edu/10.1007/s13369-021-05856-5

 

Blockchain is the future

Bowden, R., Keeler, H. P., Krzesinski, A. E., & Taylor, P. G. (2020). Modeling and analysis of block arrival times in the Bitcoin blockchain. Stochastic Models, 36(4), 602–637. https://doi-org.ezproxy.fhsu.edu/10.1080/15326349.2020.1786404

Orman, H. (2019). Online Voting: We Can Do It! (We Have To). Communications of the ACM, 62(9), 25–27. https://doi-org.ezproxy.fhsu.edu/10.1145/334927

 

Methodology

• Explain what blockchain technology is
• Explain and illustrate how blockchain technology help to prevent fraud
• Explain how using blockchain technology in the financial sector will change banking in the future

 

Discussion

• How do financial institutions discover fraudulent activity?
• What effect does fraud have on the financial sector?
• Can blockchain technology be beneficial in the future for different industries

 

References

Rehman, M. H. ur, Salah, K., Damiani, E., & Svetinovic, D. (2020). Trust in Blockchain Cryptocurrency Ecosystem. IEEE Transactions on Engineering Management, 67(4), 1196–1212. https://doi-org.ezproxy.fhsu.edu/10.1109/TEM.2019.294886

Treleaven, P., Gendal Brown, R., & Yang, D. (2017). Blockchain Technology in Finance. Computer (00189162), 50(9), 14–17. https://doi-org.ezproxy.fhsu.edu/10.1109/MC.2017.3571047

Verma, A. K., & Garg, A. (2017). Blockchain: An Analysis on Next-Generation Internet. International Journal of Advanced Research in Computer Science, 8(8), 429–432. https://doi-org.ezproxy.fhsu.edu/10.26483/ijarcs.v8i8.4769

Xie, J., Zhou, X., Wang, S., Sun, X., & Sun, B. (2022). Transaction search engine of distributed electricity market trading platform based on blockchain technology. Energy Science & Engineering, 10(2), 439–457. https://doi-org.ezproxy.fhsu.edu/10.1002/ese3.103

Rankhambe, B. P., & Khanuja, H. K. (2021). Hassle – Free and Secure e-KYC System Using Distributed Ledger Technology. International Journal of Next-Generation Computing, 12(2), 74–90

Credit Card Fraud Detection via Integrated Account and Transaction Submodules. Arabian Journal for Science & Engineering (Springer Science & Business Media B.V. ), 46(10), 10023–10031. https://doi-org.ezproxy.fhsu.edu/10.1007/s13369-021-05856-5

Bowden, R., Keeler, H. P., Krzesinski, A. E., & Taylor, P. G. (2020). Modeling and analysis of block arrival times in the Bitcoin blockchain. Stochastic Models, 36(4), 602–637. https://doi-org.ezproxy.fhsu.edu/10.1080/15326349.2020.1786404

Orman, H. (2019). Online Voting: We Can Do It! (We Have To). Communications of the ACM, 62(9), 25–27. https://doi-org.ezproxy.fhsu.edu/10.1145/334927