Volume : 9, Issue : 6, JUN 2023

NATIONAL CONFERENCE ON INNOVATIONS IN COMPUTING TECHNOLOGIES (NCICT'23)

BLOCKCHAIN BASED SMART CONTRACT FOR A BANKING APPLICATION USING SOLIDITY

DR PREETHI J, KAVIYA S R, MANIKANDAN K, TEJAL B, THARUN A

Abstract

A new crypto-economy has emerged in recent years as a result of the swift advancement of block chain technology and crypto currencies, which has had an impact on the financial sector. Then, thanks to the advent of smart contracts, which are computer protocols created to facilitate, verify, and enforce automatically the negotiation and agreement among numerous unreliable parties, next-generation decentralized apps without involving a trusted third party have developed. Despite the positive aspects of smart contracts, adoption is still hindered by several obstacles, including security risks, weaknesses, and legal concerns. In this paper, we present a comprehensive survey of block chain-enabled smart contracts for bank applications for Mint money into your account, Withdraw money from your account, Send money from your account to a smart contract address, and Check your balance.

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