A proposed architecture for securing fintech applications using Hyperledger fabric in a hybrid cloud

The possibility of making secure transactions and keeping funds securely in fintech services highly depends on the security measures at the application layer. The growth of cutting-edge technologies opens many options for adopting a secure architecture for fintech organizations. However, most financial organizations, such as banks and MFS (mobile financial systems), still use conventional architecture to develop and host applications in any public or private cloud. The study considers this and proposes a comprehensive architecture based on the consortium blockchain, Hyperledger fabric in a hybrid cloud environment to make a more secure fintech application. The proposed architecture is a theoretical approach which is not yet been tested at the industry level. Nevertheless, consortium blockchain and hybrid cloud performance to secure any application have already proved individually in different fields. The research team also compared existing architecture and proposed one for evaluation. Hence, adopting this architecture will be one step ahead for making safe transactions and securing funds and data in this cyber world.