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  • E-ISSN:

    2454-9584

    P-ISSN

    2454-8111

    Impact Factor 2021

    5.610

    Impact Factor 2022

    6.247

  • E-ISSN:

    2454-9584

    P-ISSN

    2454-8111

    Impact Factor 2021

    5.610

    Impact Factor 2022

    6.247

  • E-ISSN:

    2454-9584

    P-ISSN

    2454-8111

    Impact Factor 2021

    5.610

    Impact Factor 2022

    6.247

INTERNATIONAL JOURNAL OF INVENTIONS IN ENGINEERING & SCIENCE TECHNOLOGY

International Peer Reviewed (Refereed), Open Access Research Journal
(By Aryavart International University, India)

Paper Details

AN IN-DEPTH ANALYSIS OF THE BLOCKCHAIN TECHNOLOGY IN IMPROVING THE EFFICACY OF THE FINANCIAL DATA SECURITY SAFEGUARDS

Kanishka Kashyap

Vandana International Sr. Sec. School, New Delhi

134 - 140 Vol. 5, Jan-Dec, 2019
Receiving Date: 2019-10-01;    Acceptance Date: 2019-11-18;    Publication Date: 2019-11-30
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Abstract

Proposed a secure data-sharing solution based on proxy re-encryption technology and the difficulties of sharing sensitive data among financial institutions, hidden risks in data security, and high financial risk control costs in the paper. A data-sharing model and a data-sharing protocol make up the solution. First, we used the blockchain's distributed storage, decentralized management, and non-tampering characteristics to create a data security sharing model. To keep sensitive data from being tampered with or leaked, the model implements access control strategies on the blockchain platform and stores encrypted data in distributed databases. Utilized identity-based proxy re-encryption technology and distributed key generation technology in the data-sharing Protocol. By re-encrypting sensitive data, the Protocol enables data sharing among users and selects proxy nodes using the proof-of-stake algorithm. In terms of key generation security, the solution analysis discusses the proposed scheme's correctness.

Keywords: blockchain technology; financial data security; secure data sharing solution

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