Thesis Abstract

Abstract
The banking and finance sector has seen significant advancements in recent years, with the emergence of blockchain technology revolutionizing the way financial transactions are conducted online. This thesis explores the application of blockchain technology in enhancing security and efficiency in online banking transactions. The study aims to investigate the impact of blockchain technology on improving the security and efficiency of online banking transactions, as well as the challenges and limitations associated with its implementation. Chapter One provides an introduction to the research topic, discussing the background of the study, the problem statement, objectives, limitations, scope, significance, and structure of the thesis. The chapter also includes definitions of key terms related to blockchain technology and online banking transactions. Chapter Two presents a comprehensive literature review, covering ten key areas related to blockchain technology, online banking, security, efficiency, challenges, and opportunities in the banking sector. The literature review serves as the foundation for understanding the current state of research in the field and provides a theoretical framework for the study. Chapter Three outlines the research methodology employed in this study, including research design, data collection methods, data analysis techniques, sampling strategy, and ethical considerations. The chapter also discusses the limitations and potential biases of the research methodology. Chapter Four presents the findings of the study, highlighting the impact of blockchain technology on enhancing security and efficiency in online banking transactions. The chapter discusses the key findings, implications of the research, and recommendations for future research and practical applications in the banking sector. Chapter Five offers a conclusion and summary of the thesis, summarizing the key findings, contributions to the field, limitations of the study, and suggestions for further research. The conclusion emphasizes the importance of blockchain technology in improving security and efficiency in online banking transactions and its potential to transform the banking sector. Overall, this thesis contributes to the existing body of knowledge on the application of blockchain technology in online banking transactions, shedding light on the opportunities and challenges associated with its implementation. The findings of this study have implications for policymakers, banking institutions, researchers, and practitioners seeking to leverage blockchain technology to enhance the security and efficiency of online banking transactions.

Thesis Overview

The research project titled "Application of Blockchain Technology in Enhancing Security and Efficiency in Online Banking Transactions" aims to explore the potential of blockchain technology in revolutionizing the online banking sector. With the increasing reliance on digital transactions in the banking industry, security and efficiency have become paramount concerns. Blockchain technology, known for its decentralized and secure nature, offers promising solutions to address these challenges. The research will begin with an introduction that sets the context for the study, followed by a background section outlining the evolution of online banking and the emergence of blockchain technology. The problem statement will highlight the existing security and efficiency issues in online banking transactions, emphasizing the need for innovative solutions. The research objectives will focus on investigating how blockchain technology can enhance security and efficiency in online banking. The study will also address the limitations and scope of the research, providing a clear understanding of the boundaries within which the research will be conducted. The significance of the study will be underscored, emphasizing the potential impact of implementing blockchain technology in online banking transactions. The structure of the thesis will outline the organization of the chapters to provide a roadmap for the reader. In the literature review section, ten key aspects related to blockchain technology, online banking security, and transaction efficiency will be critically analyzed. This will provide a comprehensive understanding of the current landscape and identify gaps that can be addressed through the application of blockchain technology. The research methodology will detail the approach, data collection methods, and analysis techniques employed in the study. It will include information on how data will be gathered, processed, and interpreted to achieve the research objectives. The chapter will also discuss ethical considerations and potential challenges that may arise during the research process. The discussion of findings section will present the results of the research, highlighting how blockchain technology can enhance security and efficiency in online banking transactions. It will analyze the data collected and provide insights into the implications of the findings for the banking industry. Practical recommendations for implementing blockchain technology will also be discussed. Finally, the conclusion and summary chapter will consolidate the key findings of the study, reiterating the importance of blockchain technology in enhancing security and efficiency in online banking transactions. The chapter will also reflect on the research objectives, discuss the implications of the findings, and suggest areas for future research in this field. Overall, this research project aims to contribute to the existing body of knowledge by demonstrating the potential of blockchain technology in transforming online banking transactions. By exploring the benefits and challenges associated with blockchain implementation, this study seeks to provide valuable insights for policymakers, financial institutions, and researchers in the banking and finance sector.