Data Analytics Era: Survey of Analysis of Banking System by using Blockchain

Abstract

Blockchain is a decentralised, unchangeable ledger that records transactions in a network and is a distributed database. The blocks that hold the transactions' information are immutable and used to record them. The majority of programme participants review all of the community manual's activities twice. Data cannot be deleted once it has been input. Numerous sorts of information fraud can be avoided by keeping track of actions that are taken permanently, implicitly, and definitively. Since each transaction must be carried out by a team of miners, fraudulent transactions cannot exceed cumulative guarantees and guarantees. Hacking, hacking, and breach are all feasible with modest data storage and administration systems, but the widely used blockchain compliance mechanism prohibits this. Any good, service, or asset can be directed. fraud, theft of identities, and network or system failure.