Bringing a Change in Digital Mobile Banking Through Distributed Technology

Abstract

Application-based mobile banking is a very commonly used term in the world. The data taken by the server are the personal sensitive data of the user. These data are very sensitive and should not be disclosed so, it must be stored securely. Moreover, the transactional data/metadata of the user should also be kept secured and it has to be ensured that only the user can access and see his/her transactions. This paper introduces a secured system for application-based mobile banking. We are using blockchain to store the transactional data and bank server to store the personal data of the users. Cryptographic functions have been used here to encrypt the user data in this system to reduce the loss of transactional data and also to make the users reliable to the application based mobile banking.