Abstract
This study work suggests a cutting-edge electronic check clearance system that is scalable. It is built on the blockchain, and all banks interested in using it must sign up for the proposed blockchain-based framework in order to provide their clients the speedier cheque clearance service. The suggested e-cheque solution is free from numerous security threats like e-cheque manipulation, double spending, and forged e-cheques. The suggested solution allows for the electronic or physical deposit of the e-cheque through teller machines. Because only 32.2% of nodes, on average, engage in the proposed trust-based consensus mechanism and because the number of messages exchanged during each consensus process is significantly lower than with the PoW strategy, the proposed system is highly scalable
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