Identity Secured Sharing Using Blockchain
M. Sneha1, M. Vibin2, T. Krishnaprabu3, Aishwarya Mohan4, R. Kanmani5, S. Bhuvana6
1M. Sneha, Final B.Tech, Department of IT, Sri Krishna College of Technology, Coimbatore (Tamil Nadu), India.
2M. Vibin, Final B.Tech, Department of IT, Sri Krishna College of Technology, Coimbatore (Tamil Nadu), India.
3T. Krishnaprabu, Final B.Tech, Department of IT, Sri Krishna College of Technology, Coimbatore (Tamil Nadu), India.
4Aishwarya Mohan, Final BE, Department of CSE, Sri Krishna College of Technology, Coimbatore (Tamil Nadu), India.
5Dr. R. Kanmani, Associate Professor, Department of Information Technology, Sri Krishna College of Technology, Coimbatore (Tamil Nadu), India.
6Dr. S. Bhuvana, Associate Professor, Department of Computer Science and Engineering, Sri Krishna College of Technology, Coimbatore (Tamil Nadu), India.
Manuscript received on 22 April 2019 | Revised Manuscript received on 01 May 2019 | Manuscript Published on 08 May 2019 | PP: 134-136 | Volume-7 Issue-5S3 February 2019 | Retrieval Number: E11250275S19/19©BEIESP
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: Frequent cases of personal data leakage has brought back into the focus the security issues with the different identity sharing mechanisms. A customer is expected to provide his personal identity for the authentication by different agencies. The KYC procedures which are used by the banks is completely dependent on the encryption which is slow and it can lead to the loss of customer details to other theirs party financial institutions. This system can be efficient by using the Blockchain technology, which has the potential to automate a lot of manual process and it is also resistant to hacks of any sort. The immutable blockchain block and its distributed ledger is the perfect complement to the opaque process of KYC. With the addition of the smart contacts fraud detection can be automated. For KYC identity details storage, the banks can develop a shared private blockchain within the bank premise and the same can be used for verifying the documents. This allows the user to get control of their sensitive documents and also makes it easier for banks to obtain the documents they need for compliance.
Keywords: Blockchain Secured System Process.
Scope of the Article: Block Chain-Enabled IoT Device and Data Security and Privacy