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BLOCKCHAIN FOR FINANCIAL APPLICATION

ABSTRACT :

Block chaining technology is a distributed infrastructure and computing paradigm. The latest version is represented by the super account book. The latest version is block chain 3. From the perspective of large data, this paper systematically combs the essence and core technology of block chain technology, and expounds the application status of block chain technology in accounting industry. This paper focuses on building an irreversible distributed financial system based on large data in the context of large data in order to apply the scenario of “Block Chain Technology + Accounting Services” to the accounting industry, and prospects the application of Block Chain Storage Technology and Intelligent Internet of Things technology based on large data, providing inspiration for future research.

EXISTING SYSTEM :

Distributed accounting is a decentralized and decentralized accounting method. Transaction accounting is composed of nodes operating in different areas, and each node will make its information public, so that everyone can see, can supervise each other, improve the legitimacy of transactions. The database records the information of all traders, and everyone can make changes to the information, and the updated content is made public so that other participants can see it, and all participants can access the information publicly.

DISADVANTAGES OF EXISTING SYSTEM :

1) Less accuracy

2)low Efficiency

PROPOSED SYSTEM :

With the further development of the block chain, its application field has developed from the initial digital currency to a deeper direction. In December 2016, the State Council issued the “Thirteenth Five-Year Plan” for National Informationisation. In this plan, the research of block chain technology will be brought into the national plan for the first time in China, which shows the important position of block chain technology in today’s society. As of January 2018, there are not many achievements in the application of the block chain, and the related intellectual property rights and patents are blank. The block chain field is showing the development trend driven by technological and industrial innovation. Deloitte Encrypted Monetary Community, a group founded in 2014, has distributed members around the world to focus on the use of block chains in the accounting industry. After professional training of these members, Deloitte has made full use of block chain timestamps to ensure transaction time standards in auditing operations. Confirmation, using hash function to ensure that it can not be tampered with modification, through Merkle to ensure the integrity of audit information, through asymmetric encryption technology to ensure that the data is open and transparent. Another company dedicated to block-chain technology and accounting is San Francisco Subledger, which provides businesses with a scalable, block-chain-based, dual-entry accounting book scheme that delivers real-time financial and performance data.

ADVANTAGES OF PROPOSED SYSTEM :

1) High accuracy

2)High efficiency

SYSTEM REQUIREMENTS
SOFTWARE REQUIREMENTS:
• Programming Language : Python
• Font End Technologies : TKInter/Web(HTML,CSS,JS)
• IDE : Jupyter/Spyder/VS Code
• Operating System : Windows 08/10

HARDWARE REQUIREMENTS:

 Processor : Core I3
 RAM Capacity : 2 GB
 Hard Disk : 250 GB
 Monitor : 15″ Color
 Mouse : 2 or 3 Button Mouse
 Key Board : Windows 08/10

For More Details of Project Document, PPT, Screenshots and Full Code
Call/WhatsApp – 9966645624
Email – info@srithub.com

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