Abstract : |
Blockchain technology presents a paradigm shift in fraud detection and prevention within financial institutions. This paper explores the integration of blockchain solutions to address prevalent challenges in identity management, transaction verification, and data security. The proposed system leverages blockchain's decentralized, immutable ledger, coupled with smart contract functionality, to automate verification processes and reduce administrative overhead. Drawing inspiration from the Super Cert model, we discuss the implementation of Ethereum and IPFS for securing educational certificates and adapting these principles to financial systems. We demonstrate the integration of smart contracts to create a decentralized, tamper-proof system that enhances transparency, reduces costs, and improves security. Future implementations include scalability solutions, cross-chain interoperability, and enhanced AI integration. |