{"title":"利用区块链、FHE 和 AWS 加强中央银行的外汇储备安全","authors":"Khandakar Md Shafin , Saha Reno","doi":"10.1016/j.jksuci.2024.102251","DOIUrl":null,"url":null,"abstract":"<div><div>In order to maintain the value of the national currency and control foreign debt, central banks are vital to the management of a nation’s foreign exchange reserves. These reserves, however, are vulnerable to a variety of hazards, including as money laundering, fraud, theft, and cyberattacks. These are issues that traditional financial systems frequently face because of their vulnerabilities and inefficiency. Using modern innovations in a blockchain-based solution can help tackle these serious issues. To protect data privacy, the Microsoft SEAL library is utilized for homomorphic encryption (FHE). For the development of smart contracts, Solidity is employed within the Ethereum blockchain ecosystem. Additionally, Amazon Web Services (AWS) is leveraged to provide a scalable and powerful infrastructure to support our solution. To guarantee safe and effective transaction validation, our method incorporates a hybrid consensus process that combines Proof of Authority (PoA) with Byzantine Fault Tolerance (BFT). The administration of foreign exchange reserves by central banks is made more secure, transparent, and operationally efficient by this all-inclusive approach.</div></div>","PeriodicalId":48547,"journal":{"name":"Journal of King Saud University-Computer and Information Sciences","volume":"36 10","pages":"Article 102251"},"PeriodicalIF":5.2000,"publicationDate":"2024-11-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Enhancing foreign exchange reserve security for central banks using Blockchain, FHE, and AWS\",\"authors\":\"Khandakar Md Shafin , Saha Reno\",\"doi\":\"10.1016/j.jksuci.2024.102251\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><div>In order to maintain the value of the national currency and control foreign debt, central banks are vital to the management of a nation’s foreign exchange reserves. These reserves, however, are vulnerable to a variety of hazards, including as money laundering, fraud, theft, and cyberattacks. These are issues that traditional financial systems frequently face because of their vulnerabilities and inefficiency. Using modern innovations in a blockchain-based solution can help tackle these serious issues. To protect data privacy, the Microsoft SEAL library is utilized for homomorphic encryption (FHE). For the development of smart contracts, Solidity is employed within the Ethereum blockchain ecosystem. Additionally, Amazon Web Services (AWS) is leveraged to provide a scalable and powerful infrastructure to support our solution. To guarantee safe and effective transaction validation, our method incorporates a hybrid consensus process that combines Proof of Authority (PoA) with Byzantine Fault Tolerance (BFT). The administration of foreign exchange reserves by central banks is made more secure, transparent, and operationally efficient by this all-inclusive approach.</div></div>\",\"PeriodicalId\":48547,\"journal\":{\"name\":\"Journal of King Saud University-Computer and Information Sciences\",\"volume\":\"36 10\",\"pages\":\"Article 102251\"},\"PeriodicalIF\":5.2000,\"publicationDate\":\"2024-11-20\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Journal of King Saud University-Computer and Information Sciences\",\"FirstCategoryId\":\"94\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S1319157824003409\",\"RegionNum\":2,\"RegionCategory\":\"计算机科学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"COMPUTER SCIENCE, INFORMATION SYSTEMS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of King Saud University-Computer and Information Sciences","FirstCategoryId":"94","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S1319157824003409","RegionNum":2,"RegionCategory":"计算机科学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"COMPUTER SCIENCE, INFORMATION SYSTEMS","Score":null,"Total":0}
引用次数: 0
摘要
为了保持本国货币的价值和控制外债,中央银行对国家外汇储备的管理至关重要。然而,这些储备容易受到各种危害的影响,包括洗钱、欺诈、盗窃和网络攻击。这些都是传统金融系统因其脆弱性和低效率而经常面临的问题。在基于区块链的解决方案中使用现代创新技术有助于解决这些严重问题。为了保护数据隐私,微软 SEAL 库被用于同态加密(FHE)。为了开发智能合约,在以太坊区块链生态系统中使用了 Solidity。此外,亚马逊网络服务(AWS)为支持我们的解决方案提供了可扩展的强大基础设施。为了保证安全有效的交易验证,我们的方法采用了混合共识流程,将权威证明(PoA)与拜占庭容错(BFT)相结合。通过这种包罗万象的方法,中央银行对外汇储备的管理变得更加安全、透明和高效。
Enhancing foreign exchange reserve security for central banks using Blockchain, FHE, and AWS
In order to maintain the value of the national currency and control foreign debt, central banks are vital to the management of a nation’s foreign exchange reserves. These reserves, however, are vulnerable to a variety of hazards, including as money laundering, fraud, theft, and cyberattacks. These are issues that traditional financial systems frequently face because of their vulnerabilities and inefficiency. Using modern innovations in a blockchain-based solution can help tackle these serious issues. To protect data privacy, the Microsoft SEAL library is utilized for homomorphic encryption (FHE). For the development of smart contracts, Solidity is employed within the Ethereum blockchain ecosystem. Additionally, Amazon Web Services (AWS) is leveraged to provide a scalable and powerful infrastructure to support our solution. To guarantee safe and effective transaction validation, our method incorporates a hybrid consensus process that combines Proof of Authority (PoA) with Byzantine Fault Tolerance (BFT). The administration of foreign exchange reserves by central banks is made more secure, transparent, and operationally efficient by this all-inclusive approach.
期刊介绍:
In 2022 the Journal of King Saud University - Computer and Information Sciences will become an author paid open access journal. Authors who submit their manuscript after October 31st 2021 will be asked to pay an Article Processing Charge (APC) after acceptance of their paper to make their work immediately, permanently, and freely accessible to all. The Journal of King Saud University Computer and Information Sciences is a refereed, international journal that covers all aspects of both foundations of computer and its practical applications.