Abstract
We propose a credit card application using blockchain to improve the approval, transparency and security process. Some studies explain the use of blockchain technology in credit card applications but have not described the concept and architecture. Therefore, this study describes and describes the architecture of using credit cards for credit card applications. The motivation of this research is to explain the implementation of blockchain technology, especially the decentralization process of ledgers in credit card applications. Next, we propose architecture and algorithms for credit card applications using blockchain. The conclusion in this study is a decentralized ledger for credit card applications that allows peer-to-peer transactions, decentralized credit card applications that are not bound by geographical boundaries, have two advantages for debtors and the banking industry. In addition, the architecture is made using a credit card for application credit cards and an explanation of how the architecture works.
Highlights
The term Gamified and gamification are new emerging research fields
We found that cash payments are more familiar than using a credit card. it is done by the type of expenditure, price familiarity and buying and selling habits [23]
Decentralized Ledger system by blockchain technology can be conceptualized as service innovations in Approved Credit Card Applications
Summary
The term Gamified and gamification are new emerging research fields. At present, the meaning of "gamification" can be referred to as a broad definition range: for example, attaching game components to the software. Many researchers define gamification with the same meaning that gamification is the intentional use of game elements to complete not game activities [3] [4] [5] [6] [13]. A credit card is a card or mechanism that allows cardholders in their activities, especially in the transaction process such as: buying goods, traveling and eatingsomewhere without having to overshadow cash [10]. Blockchain is a transaction distribution database in general ledger that uses cryptography and transaction processing in accordance with consensus mechanisms [11]. Research on blockchain applications for credit card applications is still rare. In developing countries research on blockchain for credit card archiving is a bad implementation
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