Thesis Abstract

The abstract for the thesis on "Application of Blockchain Technology in Enhancing Security and Efficiency in Online Banking" is as follows Blockchain technology has emerged as a disruptive innovation with the potential to revolutionize various industries, including banking and finance. This thesis explores the application of blockchain technology in enhancing security and efficiency in online banking. The study begins with an introduction to blockchain technology, followed by a comprehensive review of the literature on the topic. The research methodology section outlines the approach taken to investigate the impact of blockchain technology on online banking security and efficiency. The findings of the study highlight the benefits of implementing blockchain technology in online banking, such as increased security, transparency, and cost savings. The discussion section delves into the implications of the findings and offers insights into the future of online banking with blockchain technology. Finally, the conclusion summarizes the key findings of the study and provides recommendations for further research in this area. Overall, this thesis contributes to the growing body of knowledge on the application of blockchain technology in enhancing security and efficiency in online banking, paving the way for a more secure and efficient financial system in the digital age.

Thesis Overview

The research project titled "Application of Blockchain Technology in Enhancing Security and Efficiency in Online Banking" aims to explore the potential benefits and challenges of integrating blockchain technology in the online banking sector. Blockchain technology, known for its decentralized and secure nature, has gained significant attention in various industries, including finance. This study seeks to investigate how blockchain can be leveraged to enhance security measures and improve operational efficiency within online banking systems. The overview of the research will delve into the existing literature on blockchain technology and its applications in the banking sector. It will provide a comprehensive analysis of the theoretical framework surrounding blockchain technology, highlighting its key features such as decentralization, transparency, and immutability. The overview will also discuss the current state of online banking security measures and the challenges faced by financial institutions in safeguarding customer data and transactions. Furthermore, the research will outline the objectives of the study, which include assessing the potential benefits of adopting blockchain technology in online banking, identifying the key security concerns, and evaluating the impact of blockchain on operational efficiency. The methodology section will detail the research approach, data collection methods, and analytical tools employed to achieve the research objectives. Moreover, the research overview will discuss the expected findings of the study, which may include insights into how blockchain technology can enhance security measures by reducing the risk of fraud and cyberattacks in online banking transactions. Additionally, the study may uncover ways in which blockchain can streamline processes, reduce transaction costs, and improve overall customer experience in online banking services. In conclusion, the research overview will highlight the significance of the study in contributing to the existing body of knowledge on blockchain technology in the banking sector. By exploring the implications of blockchain adoption in online banking, this research aims to provide valuable insights for financial institutions, policymakers, and stakeholders looking to enhance security and efficiency in online financial transactions.