Integration of Blockchain Technology and Machine Learning in Online Secure Banking System
Blockchain technology offers transformative potential for enhancing the security of online banking systems from the intruders. This paper investigates the application of blockchain in secure banking, focusing on the integration of tools such as MetaMask and Ganache for the implementation of the system and machine learning algorithms to detect the illegaltransactions. Through a comprehensive literature review, methodology, implementation strategies, case-studies, challenges, and future prospects.the paper provides a thorough analysis of blockchain's role in secure online banking system with the help of machine learning. Key findings indicate that blockchain can significantly mitigate fraud, streamline operations, and enhance data integrity, though challenges such as scalability and regulatory compliance must be addressed in the banking systems with the help of machine learning classifying algorithms.
Authors
- Poornima Kulkarni (ORCID: https://orcid.org/0000-0002-6065-8133)
- Victoria Paul
Publication Details
- Published
- 2024-11-07
- DOI
- https://doi.org/10.1109/csitss64042.2024.10816977
- Primary Topic
- Blockchain Technology Applications and Security
- Type
- article
- Field-Weighted Citation Impact
- 0.00