NOVEL APPROACH FOR HYPERLEDGER FABRIC USING IOT FOR BANK TRANSACTIONS

The increase of attacks on bank accounts and credit cards through various types of attacks. Also, the rapid growth of online bank transfers and rapid transactions in stores and marketing worldwide make the urgent to use ciphering for securing the transactions process. In this paper, ways are proposed to enhance the algorithm that used ciphering and authentications of the user to ensure that the same user made the transactions. This is done through using the blockchain such as the Hyperledger fabric with the using the Internet of things for the authentications. The proposed algorithm helps in improving the safety of online transactions and helps protect the information of the user through the several nodes that use IOT for verifications and authentications. The results enhanced the blockchain of the Hyperledger fabric by enhancing the ways of the transactions and the process through the power of IoT.