Author:
Singh Nikita,Kumar Tarun,Vardhan Manu
Abstract
This research work proposes a novel and comprehensive electronic cheque transactions framework. The proposed e-cheque system is free from the various security attacks such as alteration of the e-cheque, double spending of e-cheque, counterfeits e-cheques. The e-cheque generated in the proposed system can be deposited electronically or physically via teller machines. This facility provides greater flexibility to the customers of the banking system. The proposed system also provides space for professional miners to participate in the e-cheque transaction system by performing mining's and earn incentives. As the customer's perspective of security, the proposed system uses digital signature and cryptographic hash in each transaction hence it is a completely secure system. The existing CTS based cheque clearance request requires at least one day to clear a cheque which could extend to two or three days but the proposed system requires only 1.65 seconds for clearing any e-cheque.
Publisher
Scalable Computing: Practice and Experience
Cited by
13 articles.
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