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The document outlines a major project focused on enhancing the security of online transactions through blockchain technology. The project aims to develop a blockchain-based solution that ensures protection against unauthorized access, provides transparent transaction records, and minimizes fees by eliminating intermediaries. It proposes using a React-based application to facilitate secure transaction initiation and verification on a distributed ledger.

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4 views13 pages

0987 PPT Slide

The document outlines a major project focused on enhancing the security of online transactions through blockchain technology. The project aims to develop a blockchain-based solution that ensures protection against unauthorized access, provides transparent transaction records, and minimizes fees by eliminating intermediaries. It proposes using a React-based application to facilitate secure transaction initiation and verification on a distributed ledger.

Uploaded by

yuvasriyuvasri790
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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EXCEL ENGINEERING (Autonomous)

AccreditedCOLLEGE
Approved by AICTE, New Delhi & Affiliated to Anna University, Chennai
by NBA (AERO, CSE, ECE, MECH) , NAAC with “A ” and Recognised by UGC (2f
+

&12B)
KOMARAPALAYAM – 637303

Department of Electronics and Communication


MAJOR PROJECT
REVIEW

Securing online transactions with block chain technology

Students
S.ABISHA(20EC002) Supervisor
L.DHARMASAMVARTHINI(20EC011) Dr.R.DINESH (ECE)
S.YUVASRI(21LEC052) professor
R.SINDHUJA(21RE053)

1
AIM

• To Enhance security ,integrity and increase transparency in


online transaction by utilizing a block chain technology.

2
SCOPE

Develop and implement a blockchain-based solution.


Provide user training and ongoing support.
• Maintain and update the system for long-term security and
efficiency.

3
OBJECTIVES

• Ensure robust protection against unauthorized access and


tampering.
• Provide transparent and auditable transaction records for
trust-building.
• Verify participant identities and prevent fraudulent
activities.
• Minimize fees and overhead by eliminating intermediaries.

4
ABSTRACT

• In the digital age, ensuring the security of online transactions


remains a paramount concern for businesses and consumers
alike.

• Traditional methods of transaction security often fall short in


the face of evolving cyber threats and vulnerabilities.

• However, the emergence of blockchain technology offers a


promising solution to enhance the security, transparency, and
integrity of online transactions.
LITERATURE SURVEY
Author Topic Methodology Problem
Name
1. John Doe Blockchain Security in Cloud Validators in a PoA system Security
Jane Smit Computing: Use Cases, are chosen based on their Vulnerabilit
Challenges, and Solutions reputation, expertise, or role ies in Cloud
2020. within the network. Computing

2. Alice Securing Financial Compared to Proof of Work Security


Johnson Transactions with Smart (PoW), PoA is more energy- Vulnerabilit
Bob Lee Contracts on Blockchain efficient since it does not ies
Platforms 2021. require complex
mathematical puzzles to be
solved.
3. Emily Wang Blockchain-based Transactions in a PoA system Vulnerabilit
David Chen Authentication and are typically confirmed more ies in
Authorization Mechanisms quickly compared to PoW or Traditional
for Secure Online PoS, as there is no Systems
competition among
Transactions 2022. validators to solve puzzles or
stake assets.
4. David Kim Blockchain-enabled Supply Sybil attacks, where a single Enhanced
Lisa Chen Chain Finance: Opportunities entity creates multiple fake Transparen
and Challenges 2023. identities to gain control cy and
over the network, are Trust
PROBLEM IDENTIFICATION

Current online transaction systems are vulnerable to various


security threats, including hacking, identity theft, and
counterfeit transactions.
Traditional security measures often rely on centralized
authorities and are susceptible to single points of failure and
manipulation.
• There is a growing need for a decentralized and immutable
system to secure online transactions and build trust among
participants.
PROPOSED METHOD

• This project proposes the development of a React-based


application.
• This project will leverage React, a popular javascript library
for building user interfaces to create user-friendly front-end
interface .
• Using blockchain protocols such as Ethereum or Hyperledger
fabric the application will enable users to initiate track and
verify transactions securely on the distributed ledger.
FLOW CHART

START

LOGIN

METAMASK

TRANSACTION

LOGOUT END
REQUIRED TOOLS

Hardware specification

• System processor :Intel Pentium


• Hard disk :320GB
• System Type :32-bit operating system

Software specification

• Operating system :Windows10


• Front end :Reactjs
• Back end :Nodejs
Future
enhancement
• Support for additional Cryptocurrencies

• Cross-Chain Functionality

• Quantum-Resistant Blockchain
CONCLUSION

• This offers a compelling solution to the challenges faced by


traditional online transaction system

• Users can securely authenticate themselves manage their


digital assests in wallet, monitor transactions in real-time.
THANKING YOU

1
3

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