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International Conference on Hybrid Intelligent Systems

HIS 2020: Hybrid Intelligent Systems pp 525–534Cite as

Blockchain-Based Framework for Secure Transaction in Mobile Banking Platform

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Part of the book series: Advances in Intelligent Systems and Computing ((AISC,volume 1375))

Abstract

Blockchain is the growing technical technology that has attracted interest from around the world. This technology makes the transfer of money possible and makes transactions electronically easier and safer than the conventional payment system. It's a typical awareness that Blockchain can make financial data security easier. Technology, however, also poses specific difficulties in fulfilling some financial data protection needs. Therefore, this paper recommends a framework founded on Blockchain to protect and secure financial data transfer on mobile. A multi-level authentication was used to secure the mobile banking and a two-factor authentication protocol to generate a time-based one-time password (TOTP) for secure funds transfer. The attained outcomes point to the sovereignty of the projected Framework when compared with existing work. The proposed system addresses the requirements of building a secure application for mobile banking because of the increased security and privacy of clients on mobile banking applications.

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Author information

Authors and Affiliations

  1. Department of Computer Science, University of Ilorin, Ilorin, Nigeria

    Joseph Bamidele Awotunde

  2. Department of Computer Science, Landmark University, Omu Aran, Nigeria

    Roseline Oluwaseun Ogundokun & Emmanuel Abidemi Adeniyi

  3. Center of ICT/ICE Research, Covenant University Ota, Ota, Ogun State, Nigeria

    Sanjay Misra

  4. Zillow Inc., San Francisco, USA

    Mayank Mohan Sharma

Authors
  1. Joseph Bamidele Awotunde
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  2. Roseline Oluwaseun Ogundokun
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  3. Sanjay Misra
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  4. Emmanuel Abidemi Adeniyi
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  5. Mayank Mohan Sharma
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Corresponding author

Correspondence to Sanjay Misra .

Editor information

Editors and Affiliations

  1. Scientific Network for Innovation and Research Excellence, Machine Intelligence Research Labs (MIR Labs), Auburn, WA, USA

    Ajith Abraham

  2. Institute for Information Systems, University of Applied Sciences and Arts Northwestern Switzerland, Olten, Solothurn, Switzerland

    Thomas Hanne

  3. Division of Graduate Studies, Tijuana Institute of Technology, Tijuana, Mexico

    Oscar Castillo

  4. Scientific Network for Innovation and Research Excellence, Machine Intelligence Research Labs (MIR Labs), Auburn, AL, USA

    Niketa Gandhi

  5. Universidade Federal da Bahia, Salvador, Bahia, Brazil

    Tatiane Nogueira Rios

  6. Computer Science and Information Engineering, National University of Kaohsiung, Kaohsiung, Taiwan

    Tzung-Pei Hong

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Cite this paper

Awotunde, J.B., Ogundokun, R.O., Misra, S., Adeniyi, E.A., Sharma, M.M. (2021). Blockchain-Based Framework for Secure Transaction in Mobile Banking Platform. In: Abraham, A., Hanne, T., Castillo, O., Gandhi, N., Nogueira Rios, T., Hong, TP. (eds) Hybrid Intelligent Systems. HIS 2020. Advances in Intelligent Systems and Computing, vol 1375. Springer, Cham. https://doi.org/10.1007/978-3-030-73050-5_53

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