1 Knight Foundation of Computing and Information Sciences, Florida International University Miami, USA.
2 Department of Computer Science and Engineering BRAC University, Dhaka, Bangladesh.
Review Article
World Journal of Advanced Research and Reviews, 2024, 23(02), 543–550
Received on 16 June 2024; revised on 05 August 2024; accepted on 07 August 2024
The possibility of making secure transactions and keeping funds securely in fintech services highly depends on the security measures at the application layer. The growth of cutting-edge technologies opens many options for adopting a secure architecture for fintech organizations. However, most financial organizations, such as banks and MFS (mobile financial systems), still use conventional architecture to develop and host applications in any public or private cloud. The study considers this and proposes a comprehensive architecture based on the consortium blockchain, Hyperledger fabric in a hybrid cloud environment to make a more secure fintech application. The proposed architecture is a theoretical approach which is not yet been tested at the industry level. Nevertheless, consortium blockchain and hybrid cloud performance to secure any application have already proved individually in different fields. The research team also compared existing architecture and proposed one for evaluation. Hence, adopting this architecture will be one step ahead for making safe transactions and securing funds and data in this cyber world.
Fintech; Blockchain; Hyperledger Fabric; Hybrid Cloud; Cybersecurity
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Md Jafrin Hossain, Umme Nusrat Jahan and Rejuan Haque Rifat. A proposed architecture for securing fintech applications using Hyperledger fabric in a hybrid cloud. World Journal of Advanced Research and Reviews, 2024, 23(2), 543-550. Article DOI: https://doi.org/10.30574/wjarr.2024.23.2.2376