Thesis Abstract

Abstract
The rapid advancement of technology has brought about significant changes in various sectors, including the banking industry. One of the most promising technologies that have gained increasing attention in recent years is blockchain technology. This thesis explores the application of blockchain technology in enhancing security and efficiency in banking transactions. The study aims to investigate how blockchain can address the challenges faced by traditional banking systems, such as security vulnerabilities, transaction delays, and high costs. The thesis begins with an introduction that provides an overview of the research topic, followed by a background study that delves into the evolution of blockchain technology and its relevance to the banking sector. The problem statement identifies the key issues faced by traditional banking systems, while the objective of the study outlines the goals and aims of the research. The limitations and scope of the study define the boundaries within which the research will be conducted, and the significance of the study highlights the potential impact of the findings on the banking industry. Chapter two presents a comprehensive literature review that examines existing studies and research findings related to blockchain technology and its application in banking transactions. The review covers topics such as the characteristics of blockchain technology, its benefits and challenges, and previous implementations in the banking sector. Chapter three details the research methodology employed in the study, including the research design, data collection methods, and data analysis techniques. The chapter outlines the steps taken to gather and analyze data, ensuring the validity and reliability of the findings. Chapter four presents a detailed discussion of the research findings, highlighting the ways in which blockchain technology can enhance security and efficiency in banking transactions. The chapter analyzes the data collected and discusses the implications of the findings on the banking industry. Finally, chapter five offers a conclusion and summary of the thesis, summarizing the key findings and insights gained from the research. The chapter concludes with recommendations for future research and practical implications for the banking sector. Overall, this thesis contributes to the growing body of knowledge on blockchain technology and its potential applications in the banking industry. By exploring how blockchain can enhance security and efficiency in banking transactions, this study provides valuable insights that can inform future developments in the sector.

Thesis Overview

The project titled "Application of Blockchain Technology in Enhancing Security and Efficiency in Banking Transactions" aims to explore the potential benefits and challenges associated with implementing blockchain technology within the banking sector. Blockchain technology has gained significant attention in recent years due to its decentralized and secure nature, offering a transparent and tamper-proof platform for conducting transactions. The research will delve into the background of blockchain technology, providing a comprehensive overview of its fundamental principles and how it can be applied in the context of banking transactions. By examining the existing literature on blockchain technology and its applications in the financial industry, the study will identify key insights and trends that can inform the implementation of blockchain in banking operations. The project will also focus on the specific challenges faced by traditional banking systems in terms of security and efficiency, such as data breaches, fraud, and lengthy transaction processing times. By comparing the traditional banking infrastructure with blockchain-based systems, the research aims to highlight the potential improvements that can be achieved through the adoption of blockchain technology. Furthermore, the study will outline the research methodology to be employed, including data collection techniques, analysis procedures, and potential limitations of the study. By conducting a detailed investigation and analysis of the findings, the research aims to provide valuable insights into the impact of blockchain technology on enhancing security and efficiency in banking transactions. Overall, this research overview sets the stage for a comprehensive exploration of the application of blockchain technology in the banking sector, highlighting its potential to revolutionize traditional banking practices and improve overall security and efficiency in financial transactions.