Blockchain-Based Framework for Secure Transaction in Mobile Banking Platform

Blockchain is the growing technical technology that has attracted interest from around the world. This technology makes the transfer of money possible and makes transactions electronically easier and safer than the conventional payment system. It's a typical awareness that Blockchain can make financial data security easier. Technology, however, also poses specific difficulties in fulfilling some financial data protection needs. Therefore, this paper recommends a framework founded on Blockchain to protect and secure financial data transfer on mobile. A multi-level authentication was used to secure the mobile banking and a two-factor authentication protocol to generate a time-based one-time password (TOTP) for secure funds transfer. The attained outcomes point to the sovereignty of the projected Framework when compared with existing work. The proposed system addresses the requirements of building a secure application for mobile banking because of the increased security and privacy of clients on mobile banking applications.