Decentralising Stock Exchange Using Blockchain |
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| © 2020 by IJCTT Journal | ||
| Volume-68 Issue-5 |
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| Year of Publication : 2020 | ||
| Authors : Amaldev P J, Gokulkrishna S, Mohammed Salman, Prof. Elizabeth Issac | ||
| DOI : 10.14445/22312803/IJTT-V68I5P115 | ||
How to Cite?
Amaldev P J, Gokulkrishna S, Mohammed Salman, Prof. Elizabeth Issac, "Decentralising Stock Exchange Using Blockchain," International Journal of Computer Trends and Technology, vol. 68, no. 5, pp. 74-79, 2020. Crossref, https://doi.org/10.14445/22312803/IJCTT-V68I5P115
Abstract
The traditional stock market posses lot of shortcomings such as high transaction fees, centralized system susceptible to attacks and lack of openness regarding the market actions and algorithms, Moreover,lack of awareness among stock sector among common people is also an issue. We propose an innovative architecture using blockchain to develop a decentralized stock exchange and the proposed blockchain based solution solves the drawbacks of the centralized stock exchange architecture by ensuring the integrity and security of the owner’s assets and orders through consensus algorithm as well as it provides a stock prediction system which allows all kinds of people to know about the trend . The proposed architecture uses smart contracts to enforce the validation of the owner’s rights and the correct execution and settlement of the orders, thus eliminating the need of a central authority that ensures the correctness of the stock exchange process.
Keywords
Stock exchange, Blockchain, Distributed ledger, Smart contract, Ethereum.
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