Blockchain and its applications (B)

• Main Author: Mohamed Ajmal Abdul Jabbar
• Other Authors: Chua Hock Chuan
• Format: Final Year Project
• Language: English
• Published: Nanyang Technological University 2021
• Subjects: Engineering::Electrical and electronic engineering
• Online Access: https://hdl.handle.net/10356/148900
• Institution: Nanyang Technological University

In the financial industry, every transaction made by the customer must be verified by the customer themselves. This is to ensure that the person who is making the transaction is the person authorised to do so. Some transactions and policies could be made by phone, over a telecommunication network. Banks usually record the entire conversation between the bank and the customer. Unfortunately, this type of verification is not trustworthy, as there is no confirmation that the customer on the other end is the right user. The objective of this project is to explore blockchain technology, research and develop a de-centralized application that can address an issue. The suggested de-centralized application is called Phonograph. This application is a proof of concept that can be adapted and used to a solve a specific issue. Phonograph is a de-centralized application running on the Ethereum blockchain. This application allows users to verify each other before processing their application. This will ensure that the user is verified before processing the request. The gap of uncertainty among people could be bridged with the aid of this application. This application can be adapted to the banking industry and many other industries that use voice recorded conversion as verification methods.