Analysis of the use of blockchain technology to ensure the security of banking operations

DOI: 10.31673/2518-7678.2019.044448

Abstract

Blockchain is one of the most promising technological sectors (along with Big Data, Machine learning, artificial intelligence), comparable in scale, degree of influence and distribution in the future with the effect that the Internet once produced. The features of the distributed registry technology allow its use in various fields - from file transfer systems to more reliable copyright protection, for example, in art and science. This article analyzes the features and effectiveness of using blockchain technology to ensure the safety of banking operations. The analysis of means ensuring the safety of the use of this technology is carried out. The basic principles that are useful when using blockchain technology in banking operations, as well as possible vulnerabilities of this technology are described.

Keywords: blockchain, hashing, hash functions, electronic signature, collisions, public key, phishing, token, integration, identification, security, SWIFT.

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