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A platform for research: civil engineering, architecture and urbanism
Adaptive Blockchain Solution to Fight Against Financial Corruption in an Organization
https://orcid.org/http://orcid.org/0000-0003-3134-137X
https://orcid.org/http://orcid.org/0000-0002-0835-1783
https://orcid.org/http://orcid.org/0000-0001-9789-7990
https://orcid.org/http://orcid.org/0000-0001-8741-2478
https://orcid.org/http://orcid.org/0000-0003-4175-4856
This Blockchain technology is one of the most promising new technologies, having the potential to digitally transform a wide range of systems for better security, autonomy, transparency, auditability, speed, cost savings, and efficiency. These capabilities make blockchain the optimal solution to combat corruption, the issue plaguing society from within. The paper proposes a blockchain model capable of handling finances in any organization by adapting to its financial structure. It has the ability that it can be tailored by the organization on-demand as the organization’s structure modifies from the addition of employees or projects under it. Rather than storing entire data on-chain, the blockchain model stores most of the data, that are constantly being updated and created, off-chain and feed them to the blockchain using Chainlink External API. This helps in making the implemented solution scalable and efficient in use for real-life applications.
Adaptive Blockchain Solution to Fight Against Financial Corruption in an Organization
https://orcid.org/http://orcid.org/0000-0003-3134-137X
https://orcid.org/http://orcid.org/0000-0002-0835-1783
https://orcid.org/http://orcid.org/0000-0001-9789-7990
https://orcid.org/http://orcid.org/0000-0001-8741-2478
https://orcid.org/http://orcid.org/0000-0003-4175-4856
This Blockchain technology is one of the most promising new technologies, having the potential to digitally transform a wide range of systems for better security, autonomy, transparency, auditability, speed, cost savings, and efficiency. These capabilities make blockchain the optimal solution to combat corruption, the issue plaguing society from within. The paper proposes a blockchain model capable of handling finances in any organization by adapting to its financial structure. It has the ability that it can be tailored by the organization on-demand as the organization’s structure modifies from the addition of employees or projects under it. Rather than storing entire data on-chain, the blockchain model stores most of the data, that are constantly being updated and created, off-chain and feed them to the blockchain using Chainlink External API. This helps in making the implemented solution scalable and efficient in use for real-life applications.
Adaptive Blockchain Solution to Fight Against Financial Corruption in an Organization
https://orcid.org/http://orcid.org/0000-0003-3134-137X
https://orcid.org/http://orcid.org/0000-0002-0835-1783
https://orcid.org/http://orcid.org/0000-0001-9789-7990
https://orcid.org/http://orcid.org/0000-0001-8741-2478
https://orcid.org/http://orcid.org/0000-0003-4175-4856
This Blockchain technology is one of the most promising new technologies, having the potential to digitally transform a wide range of systems for better security, autonomy, transparency, auditability, speed, cost savings, and efficiency. These capabilities make blockchain the optimal solution to combat corruption, the issue plaguing society from within. The paper proposes a blockchain model capable of handling finances in any organization by adapting to its financial structure. It has the ability that it can be tailored by the organization on-demand as the organization’s structure modifies from the addition of employees or projects under it. Rather than storing entire data on-chain, the blockchain model stores most of the data, that are constantly being updated and created, off-chain and feed them to the blockchain using Chainlink External API. This helps in making the implemented solution scalable and efficient in use for real-life applications.
Adaptive Blockchain Solution to Fight Against Financial Corruption in an Organization
Lect. Notes in Networks, Syst.
Arsenyeva, Olga (editor) / Romanova, Tatiana (editor) / Sukhonos, Maria (editor) / Tsegelnyk, Yevgen (editor) / Ghadekar, Premanand (author) / Kachare, Tejas (author) / Sikchi, Sagar (author) / Hussain, Talib (author) / Maladhari, Pradunya (author)
International Conference on Smart Technologies in Urban Engineering ; 2022 ; Kharkiv, Ukraine
2022-11-29
12 pages
Article/Chapter (Book)
Electronic Resource
English
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