Blockchain Analytics for Enhanced Security in DeFi Platforms

Decentralised finance platforms, often known as DeFi, have arisen as a disruptive force in the financial industry. These platforms provide novel alternatives for borrowing, lending, trading, and investing without the need for middlemen facilitating these activities. Decentralised finance has seen fast expansion, which has resulted in the introduction of substantial security issues. These challenges include vulnerabilities to hacking, fraud, and exploitation of smart contracts. Blockchain analytics helps to solve these security problems by offering sophisticated tools and processes to improve transparency, traceability, and risk management within DeFi networks. This is a significant role that blockchain analytics plays in resolving these concerns.

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Publication Details

Journal
Darpan International Research Analysis
Published
2024-09-16
DOI
https://doi.org/10.36676/dira.v12.i3.102
Citations
1
Primary Topic
Blockchain Technology Applications and Security
Type
article
Field-Weighted Citation Impact
0.78
Controls
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Blockchain Analytics for Enhanced Security in DeFi Platforms

Rahul Arulkumaran, Prof. Arpit Jain, Om Goel, Fnu Antara et al.
1 citations
Darpan International Research Analysis
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article

Blockchain Analytics for Enhanced Security in DeFi Platforms

Rahul Arulkumaran, Prof. Arpit Jain, Om Goel, Fnu Antara, Pronoy Chopra
article en
1 citations

Abstract

Decentralised finance platforms, often known as DeFi, have arisen as a disruptive force in the financial industry. These platforms provide novel alternatives for borrowing, lending, trading, and investing without the need for middlemen facilitating these activities. Decentralised finance has seen fast expansion, which has resulted in the introduction of substantial security issues. These challenges include vulnerabilities to hacking, fraud, and exploitation of smart contracts. Blockchain analytics helps to solve these security problems by offering sophisticated tools and processes to improve transparency, traceability, and risk management within DeFi networks. This is a significant role that blockchain analytics plays in resolving these concerns.

Darpan International Research AnalysisVol. 12(3)
HOGENT University of Applied Sciences and Arts (BE), Oldham Council (GB), Dr. NTR University of Health Sciences (IN), University of Bari Aldo Moro (IT), National Institute of Technology Srinagar (IN)
Openalex Percentile: Top 21%
Blockchain Technology Applications and Security
0.78
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