Decentralized Distributed Blockchain Ledger for Financial Transaction Backup Data

Michael Christopher Xenya, Kester Quist-Aphetsi
{"title":"Decentralized Distributed Blockchain Ledger for Financial Transaction Backup Data","authors":"Michael Christopher Xenya, Kester Quist-Aphetsi","doi":"10.1109/ICSIoT47925.2019.00013","DOIUrl":null,"url":null,"abstract":"Due to the fact that financial data stands a great risk of attack, several schemes are being deployed to ensure security and integrity of financial data. In considering the security of the financial transaction data, it is essential to consider a network that ensure that processing nodes would have copies of the financial accounting ledger so as to prevent complete when a section of the network fails. In this article we propose an application of a blockchain to financial transaction data backup mechanism over a decentralized network. By using a decentralized distributed blockchain ledger, each node can have a copy of the transaction data such that, failure in one node does not engender a total failure in transaction data. The system have been described and simulated using the element of account ledger which consist of credit and debit transaction accompanied by timestamps and transaction ID. To secure this information in the chain each block contains in addition to the account ledger information a hash of the previous block as well as the hash of the current block.","PeriodicalId":226799,"journal":{"name":"2019 International Conference on Cyber Security and Internet of Things (ICSIoT)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2019-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"5","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"2019 International Conference on Cyber Security and Internet of Things (ICSIoT)","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1109/ICSIoT47925.2019.00013","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 5

Abstract

Due to the fact that financial data stands a great risk of attack, several schemes are being deployed to ensure security and integrity of financial data. In considering the security of the financial transaction data, it is essential to consider a network that ensure that processing nodes would have copies of the financial accounting ledger so as to prevent complete when a section of the network fails. In this article we propose an application of a blockchain to financial transaction data backup mechanism over a decentralized network. By using a decentralized distributed blockchain ledger, each node can have a copy of the transaction data such that, failure in one node does not engender a total failure in transaction data. The system have been described and simulated using the element of account ledger which consist of credit and debit transaction accompanied by timestamps and transaction ID. To secure this information in the chain each block contains in addition to the account ledger information a hash of the previous block as well as the hash of the current block.
分布式区块链账本,用于金融交易备份数据
由于金融数据存在很大的被攻击风险,为了保证金融数据的安全性和完整性,人们采用了多种方案。在考虑金融交易数据的安全性时,必须考虑一个确保处理节点具有财务会计分类账副本的网络,以防止在网络的一部分故障时完成。在本文中,我们提出了一种区块链在分散网络上金融交易数据备份机制中的应用。通过使用分散的分布式区块链分类帐,每个节点都可以拥有事务数据的副本,这样,一个节点的故障不会导致事务数据的全部故障。该系统采用账户分类账的元素进行描述和模拟,该分类账由借贷交易组成,并附有时间戳和交易ID。为了在链中保护这些信息,每个块除了包含帐户分类信息外,还包含前一个块的哈希值以及当前块的哈希值。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
求助全文
约1分钟内获得全文 求助全文
来源期刊
自引率
0.00%
发文量
0
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
确定
请完成安全验证×
copy
已复制链接
快去分享给好友吧!
我知道了
右上角分享
点击右上角分享
0
联系我们:info@booksci.cn Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术官方微信