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BLOCK CHAIN FOR SECURE BANK TRANSACTIONS

(ETHEREUM)

Authors:

Mahanti Sriramulu, Devarapalli Durga Prasad, Bandaru Mounika, Gorle Suresh, Puppala Naga Vijay kanth 

ABSTRACT: This project presents a blockchain-powered banking application that enables users to create and manage decentralized accounts (DApp accounts) using Ethereum smart contracts. The application facilitates secure user registration, fund deposits, and peer-to-peer transfers through Solidity-based contracts deployed on the Ethereum network. The addUsers function stores user details, while bankAccount manages transactions securely on the blockchain. Python’s Web3 API is used to interact with these smart contracts, enabling seamless operations such as account creation, deposits, and fund transfers. A Django-based web server provides an intuitive interface for users to register, log in, view balances, and conduct transactions.

By leveraging blockchain technology, the system ensures decentralized, transparent, and secure banking operations, eliminating intermediaries to reduce transaction costs and processing times. Users can transfer funds directly between accounts without reliance on traditional financial institutions, minimizing risks associated with centralized banking. This application demonstrates the potential of blockchain in revolutionizing financial systems, empowering users with enhanced security, financial autonomy, and efficient transaction management.

Keywords: Peer-to-Peer Transactions, Blockchain, Ethereum, Smart Contracts, Web3 API, Decentralized Banking, Solidity, Django.