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Transaction Security in the Modern Age: Uncovering Blockchain's Potential


A Umamageswari, S Deepa, K Raja, Dr. J Faritha Banu
Pages: 85-107
ISBN: 978-93-5834-560-5


Emerging Trends in Engineering and Technology (Volume -8)

Emerging Trends in Engineering and Technology
(Volume - 8)

Abstract

As digital transactions become ubiquitous in the modern age, ensuring robust security measures is imperative to foster trust and protect sensitive information. This paper explores the potential of blockchain technology as a transformative force in enhancing transaction security. By leveraging decentralized networks, cryptographic techniques, and smart contracts, blockchain introduces a paradigm shift in securing digital interactions. This abstract delves into the key components of blockchain that contribute to transaction security, such as its immutable ledger, transparent and traceable transactions, and cryptographic security. The discussion extends to the applications of blockchain in preventing fraud, securing supply chains, and facilitating cross-border transactions. Through a comprehensive examination of blockchain's capabilities, this paper aims to illuminate the path towards a more secure and trustworthy digital transaction landscape in the modern era.

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© Integrated Publications.
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