A New Transparent and Secured Transmission Routing Method for Blockchain Data in Management Systems
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Abstract
A significant quantity of information, particularly financial data, has now been growing in accordance with the advancement of information technologies. Due to the prevalence of fraud, it is impossible to identify the data sources for corporate financial data and the applicable employees. There are substantial issues with nonstandard behavior and a lack of critical financial data of these firms, as evidenced by the fact that the majority of employees are not capable of perform appropriate queries on the needed financial statements. It has consistently created financial information management for companies more difficult, posed a risk to the entire company's ecosystem, and hurt the interests of several parties, among other concerns, because many analogous concerns were not satisfactorily addressed. Blockchain has garnered a great deal of attention recently, and Crypto currency and other crypto currencies have gained popularity as a result. This is because of the characteristics of blockchain, like centralized control, confidentiality, truthfulness, and lack of courage, which make data difficult to predict and tamper with. According to current implementation and exploration, blockchain has emerged as a novel solution to issues relating to company financial information management since these features are connected to the data storage privacy and data transfer speed required by this type of management. In order to construct a transparent and secured transmission method for blockchain data, the study deployed blockchain for managing the financial management framework and information processing strategy. In terms of security level, throughput, run time, and scalability, the suggested Blockchain solution is contrasted with existing approaches.
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References
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