G. Jayesh, Gurpreet Singh, Rinki Mishra, Bajarang Prasad Mishra
{"title":"Management and Access Control Framework for Open Banking Eco System by using Block Chain Technology","authors":"G. Jayesh, Gurpreet Singh, Rinki Mishra, Bajarang Prasad Mishra","doi":"10.1109/ICECA55336.2022.10009535","DOIUrl":null,"url":null,"abstract":"Open banking is a new data-sharing paradigm that may help new firms get rapid loan approvals and higher investment returns. Most clients are hesitant to embrace open banking because they fear sharing data with third-party suppliers. This research work has presented a blockchain-based self-sovereign identification system architecture for open banking. The proposed architecture offers a secure communication network between users and third-party service providers and let individuals manage their identities and data. Comparing the BBM model to current work shows and analyses its advantages.","PeriodicalId":356949,"journal":{"name":"2022 6th International Conference on Electronics, Communication and Aerospace Technology","volume":"72 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2022-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"2022 6th International Conference on Electronics, Communication and Aerospace Technology","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1109/ICECA55336.2022.10009535","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0
Abstract
Open banking is a new data-sharing paradigm that may help new firms get rapid loan approvals and higher investment returns. Most clients are hesitant to embrace open banking because they fear sharing data with third-party suppliers. This research work has presented a blockchain-based self-sovereign identification system architecture for open banking. The proposed architecture offers a secure communication network between users and third-party service providers and let individuals manage their identities and data. Comparing the BBM model to current work shows and analyses its advantages.
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