Final Review Paper
Final Review Paper
Final Review Paper
Professor Pallavi Ahire, Dept. of Information Technology, Sinhgad Instititue Of Technology, Maharashtra, India
---------------------------------------------------------------------***---------------------------------------------------------------------
Abstract - central authority. It is a secured distributed database,
tamper evident, wherein the validity of a transaction can
Currently the document storage is following an traditional
way of storing the Documents by means of paper. be verified by parties in the transaction.
However ,large number of paper and labour work is
required. Blockchain is a public ledger that is distributed
and decentralized and it is used to carry out transactions Know Your Customer (KYC) processes performed
online across the entire network of computer systems. It is a by banks on their customers are unnecessary,
recent technology adopted for data security. Making of false unmanageable and costly. Therefore, a system is proposed
documents and certificates by forging it from the original
ones have become more nowadays. The non-modifiable will to automate unskilled tasks and allow sharing of data
help the document from being replaced by another related to KYC. Blockchain technology, with its concept of
document and also will result in permanent entry. Also the distributed database, time-stamped ledgers, can
blockchain property of distributed ledger system will help to
keep the documents unmodified and unaffected forever. effectively help banks improve their KYC process.
Blockchain serves as an infrastructure to secure, share, and
verify documents .So we proposed a model for Document One of the main tasks of the bank is to ensure information
Storage using Blockchain Technology.
security of data of the customers, confidentiality and the
KeyWords: Data security, Blockchain Technology , state of their account to guarantee their safety and
Distributed Leadure integrity, in the process of exchange and processing of
1.INTRODUCTION information. Thus, by using the capabilities of innovative
information technology i.e. the Blockchain technology
Block-chain is an emerging technology for distributed and information security can be achieved.
transactional data sharing across a large network of un-
trusted participants. In today's world banking is growing B. Motivation
fast also the confidential data need to transfer for financial KYC processes are generally repetitive,
purposes and store banking data securely.It allows new
incompatible, tedious and duplicated, leading to high
forms of distributed software architectures. Although the
technology was mainly accepted in digital currency in administrative overheads and costs. A blockchain-based
initial days, but it is a promising technology for other areas solution, with its immutable ledger, ease of integration,
too. and considerably lower operational and infrastructure
In this project we are going to use AES Encryption costs, is undeniably a better option as compared to
Algorithm to encrypt corresponding Documents which is existing KYC processes.
at least six time faster than triple DES.
Banking information has always raised the
A. Overview interest of intruders to it, so each bank needs to organize
A Blockchain-based E-Document storage system is
the security of the data it stores i.e. the state of their
for providing security to the bank transactions and to
accounts, their transaction history, etc. Blockchain is
implement the KYC process in a more simpler and secured
shared distributed ledger which stores transaction to a
way. Blockchain technology is a new technology which is
permanent chain which is unbreakable and can be viewed
based on mathematical, cryptographic and economic
by the parties in a transaction. The vulnerabilities in cyber-
principles for maintaining a database between various
attacks in transaction can be over-come by this technology.
participants without the necessity of any third party or
© 2021, IRJET | Impact Factor value: 7.529 | ISO 9001:2008 Certified Journal | Page 1
International Research Journal of Engineering and Technology (IRJET) e-ISSN: 2395-0056
Volume: 08 Issue: 05 | May 2021 www.irjet.net p-ISSN: 2395-0072
1.1 Scope
© 2021, IRJET | Impact Factor value: 7.529 | ISO 9001:2008 Certified Journal | Page 2
International Research Journal of Engineering and Technology (IRJET) e-ISSN: 2395-0056
Volume: 08 Issue: 05 | May 2021 www.irjet.net p-ISSN: 2395-0072
regardless of mining and tokens. Blockchain technology [4] InterPlanetary File System Enabled
helps to improve distributed databases in terms of Blockchain(IRJET),April 2020
storage, synchronization, loss and integrity of data.
Its early days, but industry leaders are sponsoring a wide [5] Securing Educational Documents Using Blockchain
range of blockchain use cases supported by industry
Technology(IEEE),2020
consortiums. Having seen the potential of this technology
and the challenges, we think the opportunity is clear but
the blue sky is too far off and companies need to validate
use cases and business/technical viability before
implementing blockchain.
ACKNOWLEDGEMENT
REFERENCES
© 2021, IRJET | Impact Factor value: 7.529 | ISO 9001:2008 Certified Journal | Page 3