Authors :
Ion-Costel-Marius Baltoi
Volume/Issue :
Volume 5 - 2020, Issue 8 - August
Google Scholar :
http://bitly.ws/9nMw
Scribd :
https://bit.ly/3ilpHb6
DOI :
10.38124/IJISRT20AUG732
Abstract :
Technological development offers more and
more opportunities for people to make electronic
payments. From payments via credit / debit cards, then
payments via mobile or IoT devices to payments via
blockchain technology, they are constantly evolving and
becoming simpler, faster, more convenient and more
secure. This paper aims to address a number of issues
such as the benefits and challenges of payments through
blockchain technology. Also, based on the analysis of a
developed prototype, the paper will present the
sequence of blockchain money transfer operations, the
possible states of a transaction, as well as the
information that will be processed and stored so that the
transfer is successfully completed. The research
methodology is qualitative; In this sense, we conducted
a research of the resources available at this time and
addressing the subject of electronic payments based on
blockchain technology and, in parallel, the paper will
follow the analysis of the prototype developed so that
the results are as objective and consistent with practical
use.
Keywords :
Blockchain, Electronic Payments, Smart Wallet.
Technological development offers more and
more opportunities for people to make electronic
payments. From payments via credit / debit cards, then
payments via mobile or IoT devices to payments via
blockchain technology, they are constantly evolving and
becoming simpler, faster, more convenient and more
secure. This paper aims to address a number of issues
such as the benefits and challenges of payments through
blockchain technology. Also, based on the analysis of a
developed prototype, the paper will present the
sequence of blockchain money transfer operations, the
possible states of a transaction, as well as the
information that will be processed and stored so that the
transfer is successfully completed. The research
methodology is qualitative; In this sense, we conducted
a research of the resources available at this time and
addressing the subject of electronic payments based on
blockchain technology and, in parallel, the paper will
follow the analysis of the prototype developed so that
the results are as objective and consistent with practical
use.
Keywords :
Blockchain, Electronic Payments, Smart Wallet.
