Blockchain Application in Banking System

The 21st Century is all about technology. People are open to accepting new technologies as the need for modernization is increasing every single day. Blockchain is one of those new and revolutionary technologies that will have a significant impact on the market and industry. In layman’s terms, Blockchain is a data structure that stores transactional records while also ensuring security, transparency, and decentralization. There is a digital signature on every transaction on a blockchain, which proves the authenticity of the blockchain. In a Blockchain, data is stored which is tamper-proof and cannot be changed as it uses encryption and digital signatures. To change a record on a blockchain, one needs to change several records, and one needs to change the distributed ledger. That’s why it’s quite impossible to change the data which has already been entered into a Blockchain. The Blockchain is a technology that will allow transactions simply, safely, effectively, and also safely. This is a very promising technology. It’s already in a lot of places. It can also solve any problem in the banking sector. This technology became famous after introducing the first cryptocurrency, which is known as bitcoin. Right now, there is a huge problem with banking, and the Blockchain can solve these problems. This paper will demonstrate transacting over a secure, blockchain-based network and therefore eliminate the need for intermediary entities. This paper is a review-based paper that provides the application and opportunities of the Blockchain in the banking system. The purpose of this paper is to provide a review of the application and opportunities of the Blockchain for a secure banking system. In this review investigation and analysis of this paper at the beginning, related work from other authors in the same fields has been discussed. Then the working method of the Blockchain technology has been introduced with analysis. The use of blockchain technology for secure banking has been discussed. The main achievement of this paper is to demonstrate how the Blockchain works and how it can be useful in the secure banking industry.

Development of User-Friendly Web-Based Lost and Found System

People get lost every day, which is a very common incidence in our society. In particular, children, the elderly and mentally challenged people go missing all the time. This paper presents the development of web applications that can provide information and services to both a lost person’s near and dear ones and also people who find the lost person. Using this developed web application, people who have lost a near and dear one can register via their email address and post all the information about the missing person, including photos, in the lost section. People who find someone can also register via their email addresses and post all the information about the found person, including photos, in the found section. There is a search panel where people can search for a lost or found person using their name, age, height, location, skin color, etc. There is also a contact system which can be used to contact the person who has lost or found someone via phone, email, or by connecting with their social media profile. Nowadays, when people lose someone or find someone, they report it to the police, advertise on television or in newspapers, and post it on all social media sites like Facebook and WhatsApp. But this web application provides a faster and enhanced way to find and connect with lost and found people.