Decentralised Banking System Using Blockchain Technology and Solidity Contracts
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2023
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Decentralized Banking System Using Blockchain Technology and Solidity Contracts : This thesis aims to design and implement a decentralized banking system using blockchain technology and smart contracts. The objective of this study is to address the issues of security and transparency in traditional banking systems by utilizing the immutability and decentralization properties of blockchain technology. The proposed system will be built on the Ethereum blockchain platform and will use smart contracts written in Solidity to facilitate transactions and maintain a secure and transparent ledger of all banking activities. The system will also be evaluated for its scalability and potential real-world applications. The blockchain technology offers a secure, decentralized, and transparent way of recording transactions, which is well-suited for the banking industry. This decentralized banking system will enable users to have full control over their assets and transactions, without the need for intermediaries. The study will also explore the potential of this system in the context of financial inclusion and the challenges that need to be addressed for its successful implementation. The results of this study will provide valuable insights for the future development of decentralized banking systems and the integration of blockchain technology in the financial industry. The proposed system has the potential to revolutionize the traditional banking system by making it more secure, transparent, and efficient.
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Electrical and Computer Engineering
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North South University