Block chain technologies for fund release as finality in financial transaction

Abstract

We think about that the primary standard of blockchain is changelessness; legitimate and secure exchanges that can never be deleted or overlooked and altered [2].Each party in the process such as broker, custodian or the settlement manager keeps their own record which creates room for error. P2P lending is growing enormously in personal finance. Now both borrowers and lenders are connected to each other via Block chain. A secure, modern, digital system is required to overcome the errors and to prevent them from re-occurring. This project tries to provide a solution to this problem by drawing inspiration from Blockchain Technology. Utilizing blockchain in exercises identified with exchange can kill the requirement for middle people; diminish operational dangers, while giving the framework to quicker exchange settlement. We are organizing the utilization of blockchain based innovation since they have inbuilt attributes to track, square and report ill-conceived endeavors made by anybody on the system, and can give a stage to actualize the security strategy and gauges. This paper aims at establishing a secure private trade network where the exchange of assets between parties takes place.