AccScience Publishing / IJOSI / Volume 7 / Issue 8 / DOI: 10.6977/IJoSI.202309_7(8).0005
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ARTICLE

Deep blockchain-enabledsecurity enhancement in trade finance

Tatavarty Guru Sant1* ,  Vikas Tripathi2
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1 GLA University,17km Stone, NH-2, Mathura-Delhi Road Mathura, Chaumuhan, Uttar Pradesh 281406
2 G.L. Bajaj Institute of Technology and Management, Plot No 2.Knowledge Park Ill. Greater Noida. Uttar Pradesh 201306
IJOSI 2023 , 7(8), 48–64; https://doi.org/10.6977/IJoSI.202309_7(8).0005
Submitted: 20 March 2023 | Revised: 9 November 2023 | Accepted: 1 December 2023 | Published: 14 December 2023
© 2023 by the Author(s). Licensee AccScience Publishing, USA. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution -Noncommercial 4.0 International License (CC BY-NC 4.0) ( https://creativecommons.org/licenses/by-nc/4.0/ )
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Abstract

Trade networks powered by blockchain can benefit all parties involved by lowering. The friction produced by operational and logistical inefficiencies in the trade finance value chain. By reducing duplications and ineffective execution, blockchain would be crucial in the short run for streamlining company processes. However, the lack of confidence in the security of trade financial data due to financial issues brought on by a bandwidth difference and the use of unsafe data in trading finance has become a challenging issue. Hence a novel Blockchain crypto trading innovation has been presented in which the smart contract is used to enhance the financial trade and the deep mongrel-manner spectral hashing synchronization algorithm provides the special hashing function thus the hashing can be only generated by the consumer of the trader it is the safest way for the trade financing thereby it improves the trade financeprocess, transaction bandwidth, improve the security of the trade finance and decrease the alter of block data. The results showed that the proposed approach successfully addressed the security concerns, and compared the proposed approach with other popular methods, such as the Data EncryptionStandard (DES), 3 DES, and Advanced Encryption Standard (AES). The proposed method is compared to several cryptographic techniques' performance metrics, including throughput, times consumption of encryption and decryption process, and key generation. The result obtained showed that the proposed technique has a high performance in throughput, decryption, encryption rate and key generation time is lower than other existing algorithms.

Keywords
Blockchain
trade finance
smart contract
deep network
synchronization
transaction bandwidth.
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International Journal of Systematic Innovation, Electronic ISSN: 2077-8767 Print ISSN: 2077-7973, Published by AccScience Publishing
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