Fast Transaction Research Articles

Proposing a Model to Enhance Security in Online Blockchain-Based Banking Transactions

In the banking industry, technologies are changing rapidly. The banking industry is the first target to implement the new technology to provide better customer services. In the past, banking systems used the manual ledger system, which has many drawbacks. To overcome this, the banking industry implemented the computerised mechanism to implement the centralised system, in which data is stored in one place, like a data warehouse. However, this centralised, automated system has also led to increased threats and cybercrimes. There are various malicious software (ransomware, phishing) through which hackers can hack customers' private data and use it illegally. The urgency to address these challenges has led to the adoption of blockchain, a leading technology based on decentralised, distributed behaviour and its public ledger system. Implementing blockchain in the banking sector is not just a choice, but a necessity. It can increase security, immutability, faster transactions, a decentralised system, consensus manner, transparency, etc. We will be discussing blockchain and its functionality. Furthermore, we will present a theoretical framework that uses consortium blockchain to reduce security threats in online transactions. Our model, IVSMOT, is a crucial step in this direction, as it divides the private key into two shares, thereby addressing the urgent need to enhance security in online banking transactions.

From CFOs to crypto: exploratory study unraveling factors in corporate adoption

Cryptocurrency adoption has gained significant attention across various fields owing to its disruptive potential and associated challenges. However, companies' adoption of cryptocurrencies remains relatively low. This study aims to comprehensively examine the factors influencing cryptocurrency adoption, their interrelationships, and their relative importance. To achieve this objective, we employ a Decision-Making Trial and Evaluation Laboratory (DEMATEL) approach coupled with network analysis tools. By adopting a practical approach rather than a purely theoretical one, our unique contribution lies in the valuable insights derived from experienced Chief Financial Officers (CFOs) of various companies with experience in both traditional finance and cryptocurrencies. Furthermore, the unique blend of analytical rigor and industry expertise supports the study's relevance, offering nuanced insights that are not only academically robust but also immediately applicable in the corporate landscape. Our findings highlight the paramount importance of safety in transactions and trust in the chosen platform for companies considering cryptocurrency adoption. Additionally, criteria such as faster transactions without geographical limitations, lower transaction fees, seamless integration with existing systems, and potential cost savings are identified as crucial drivers. Both the DEMATEL approach and network analysis reveal strong interconnections among the criteria, emphasizing their interdependence and, notably, their reliance on transactional safety. Furthermore, our causes and effects analysis indicates that CFOs perceive company-led cryptocurrency adoption to positively impact the broader cryptocurrency market.

Sosialisasi dan Implementasi Aplikasi Pemesanan Barang Berbasis Android di UMKM “Mulya PS”

UMKM Mulya PS Shop is a business that sells pet food. The problem faced by the Mulya PS Shop owner is that the shop still uses a sales and service system using manual methods, such as using notes. This problem results in an inaccurate number of orders and income results. As well as problems for consumers, where consumers have to come and order directly at the shop. This makes it difficult for consumers or customers who want to order remotely or outside the area. So based on the problems above, it is necessary to design an information system for making an Android-based goods ordering application and provide socialization of the Android-based goods ordering application to help Mulya PS Shop business owners have complete information and an easy and fast transaction system. By socializing the Android-based application information system, it can help accelerate technology transfer to Mulya PS stores. The application that has been created has fulfilled the purpose of service, namely helping MSME owners and customers, in the goods ordering system and transactions. And the socialization activities have been successfully carried out with good results and are very good at conveying the material and objectives. It is hoped that with this service activity, there will be integration between the Community Service Program and the final assignment courses.

Perkembangan Digitalisasi Mata Uang Dari Perspektif Hadist Dan Hukum Di Indonesia

The development of the world, the more developed the financial world is to help humans manage and conduct financial transactions. The advancement of financial technology today is due to weakness factors in the previous financial world where modern or digital finance is more profitable and follows the times to make it easier for humans to transact. Currently the world is facing digitalization of almost all sectors used by humans and the financial world is inevitable, especially digital currencies that offer advantages such as faster transactions between countries with cheap fees, Decentralised so that it is not driven by any central bank is different from fiat where the strength of the currency depends on the country's policy, and digital currencies that are more transparent so that transactions can be tracked by anyone and are minimal from fraud

HL-DPoS: An enhanced anti-long-range attack DPoS algorithm

The consensus algorithm is crucial in blockchain for ensuring the validity and security of transactions across the decentralized network. However, achieving consensus among nodes and packaging blocks in blockchain networks is a complex task that requires efficient and secure consensus algorithms. The DPoS consensus algorithm has emerged as a popular choice due to its fast transaction processing and high throughput. Despite these advantages, the algorithm still suffers from weaknesses such as centralization and vulnerability to long-range attacks, which can compromise the integrity of the blockchain network. To combat these problems, we developed an Enhanced Anti-Long-Range Attack DPoS algorithm (HL-DPoS). First, we split nodes into pieces to reduce centralization issues while giving witness nodes the power to report and benefit from malicious node’s reports, maintaining high efficiency and high security. Second, we propose a validation method in HL-DPoS that compares consensuses transactions with the longest chain to detect long-range attacks. Algorithm analysis and simulation experiment results demonstrate that our HL-DPoS consensus algorithm improves security while achieving better consensus performance.

Beyond transactions: Understanding the determinants of e-satisfaction in online shopping

This study aims to investigate the factors influencing e-commerce satisfaction, focusing on application design, merchandise attributes, transaction capabilities, and security and privacy. Internet penetration has massively changed the behavior of the customer, especially their buying behavior, from traditional to online through various channels such as e-commerce. The key finding from the quantitative approach with purposive sampling is the highly positive relationship between application design and e-satisfaction. The findings of the study demonstrate a moderate association between merchandise attributes and e-satisfaction, emphasizing the significance of product variety and presentation. Furthermore, the study has recognized other significant variables that lead to e-satisfaction, such as fast transaction capabilities and adequate security and privacy protections. The findings provide theoretical insights as well as practical guidelines, implying that e-commerce platforms may improve their customer satisfaction by prioritizing user-friendly, ease-of-use, and appealing application designs, broad product offers, streamlined transaction processes, and robust security and privacy. This study also provides future research recommendations and limitations.

Strategi Pemasaran Produk Amanah Di Pegadaian Syariah Sangatta

This research aims to explain the marketing strategy for Amanah financing products at Pegadaian Syariah Sangatta along with supporting and inhibiting factors. This type of research is field research. The research location is at Pegadaian Syariah Sangatta. The informants for this research are the managers of UPS Pegadaian Syariah Sangatta and several of their customers. Data collection techniques use interviews, observation, documentation, and then the researcher carries out analysis. The stages in the analysis use data reduction, data display, and data verification. The conclusion of this research is that the marketing strategy for Amanah financing products implemented by Pegadaian Syariah Sangatta is with cross-selling, cold calling, literacy and canvassing strategies, and Pegadaian Syariah Sangatta has implemented marketing in accordance with the values in sharia marketing which takes the concept of the example of Rasulullah SAW, namely: Siddiq, Fathanah, Amanah, Tabligh, and Istiqamah. The supporting factors are strategic location, adequate infrastructure, facilities and infrastructure, competent human resources, cooperation with various parties, lighter financing, and easy and fast transactions. The inhibiting factors are limited product marketing, not yet flexible, and requirements that are still complicated.

Crypto Currency and Digital Coins Overtaking the Traditional Banking Sector

Digital currencies and coins are methods of computer-generated currency which uses cryptography for safety and operate individually of a dominant authority, like governments and economic institution. They are spread out and usually utilize blockchain technology to note transactions strongly. Cryptocurrencies such as Bitcoins, Ethereum, and some others have grown popularity in the latest eons for their latent to deliver borderless, secure, and fast transactions. Yet, they also arisen with threats like security concerns, regulatory uncertainty, and price volatility. It is vital for operators to conduct detailed research and comprehend the threats included before capitalizing or utilizing cryptocurrencies. Even though cryptocurrencies and coins have grown famous and are being gradually used for countless transactions, it is significant to remind that they still have not passed the traditional banking systems. Traditional banking sectors still perform an important part in the worldwide economic system, offering services like payment processing, savings accounts, and lending. Conversely, the growth of cryptocurrencies has directed to conferences about the possible influence on the financing sector and the necessity for traditional banking systems to acclimate to the varying setting of digital economics. It is important to observe these growths closely to comprehend the evolving association among the crypto-currencies and system of traditional banking. Hence, the current study gives the deep knowledge in the usage of crypto currencies, digital coins and their role in financial sectors that is dominating the traditional banking sector. And analyzed the impact of crypto currencies and digital coins on investors and economy of the nation and also regarding the easy accessibility of finance.

FINANCIAL INNOVATIONS IN THE SMART CITY ECOSYSTEM

The widespread adoption of digital technologies in finance has led to the development of new financial instruments. Digital technologies offer benefits such as faster transactions, increased consumer satisfaction, and greater competitiveness of financial institutions. The article examines the latest forms of Fintech and their distribution in smart cities, as well as the implementation of smart projects. It is important to note that any subjective evaluations have been excluded from this analysis. The article systematises the main directions and forms of application of modern financial technologies. These include payments, lending, investing, cryptocurrencies, blockchain, assessment, and analytics. Payment systems and applications that allow online payments, money transfers, and cashless transactions fall under the payments category. Crowdfunding, peer-to-peer lending, and microfinance are forms of lending. Investment robots and smart portfolios are automated platforms that fall under investing. Cryptocurrencies and blockchain are technologies that allow transactions with cryptocurrencies. Innovative methods of assessing the creditworthiness of clients and providing loans fall under the assessment and analytics category. Implementing projects in smart cities requires significant resources. To expand the financial capacity of local authorities, the following tools are used: public financing, partnerships with the private sector, crowdfunding, international programs and initiatives, investment funds, loans, and partnerships with academic and research institutions. Fintech has advantages, but it also poses threats and challenges such as cyber threats, personal data protection, risks of illegal operations, and psychological aspects. Appropriate actions are necessary to prevent and address these issues, and further research is needed.

A Review on Decentralized Finance Ecosystems

The future of the internet is moving toward decentralization, with decentralized networks and blockchain technology playing essential roles in different sectors. Decentralized networks offer equality, accessibility, and security at a societal level, while blockchain technology guarantees security, authentication, and openness. Integrating blockchain technology with decentralized characteristics has become increasingly significant in finance; we call this “decentralized finance” (DeFi). As of January 2023, the DeFi crypto market capitalized USD 46.21 billion and served over 6.6 million users. As DeFi continues to outperform traditional finance (TradFi), it provides reduced fees, increased inclusivity, faster transactions, enhanced security, and improved accessibility, transparency, and programmability; it also eliminates intermediaries. For end users, DeFi presents asset custody options, peer-to-peer transactions, programmable control features, and innovative financial solutions. Despite its rapid growth in recent years, there is limited comprehensive research on mapping DeFi’s benefits and risks alongside its role as an enabling technology within the financial services sector. This research addresses these gaps by developing a DeFi classification system, organizing information, and clarifying connections among its various aspects. The research goal is to improve the understanding of DeFi in both academic and industrial circles to promote comprehension of DeFi taxonomy. This well-organized DeFi taxonomy aids experts, regulators, and decision-makers in making informed and strategic decisions, thereby fostering responsible integration into TradFi for effective risk management. This study enhances DeFi security by providing users with clear guidance on existing mechanisms and risks in DeFi, reducing susceptibility to misinformation, and promoting secure participation. Additionally, it offers an overview of DeFi’s role in shaping the future of the internet.

How does digital payment transform society as a cashless society? An empirical study in the developing economy

Purpose After analyzing these uncountable benefits of digital or cashless payment, many European countries like Sweden, Finland and Canada has been trying to convert their payment system into cashless. Following these developed countries, the Bangladesh Government has taken a decision to transfer society as a cashless society by using information technologies for adopting the fourth industrial revolution over the world. Digital payment system is among the various options available for transforming a cashless society. First, this empirical study presents demographic information and digital payment characteristics on the basis of income levels. This study identifies influential factors of adopting digital payment systems. Finally, this study aims to justify how digital payments transform the Bangladeshi economy into a cashless society in developing countries. Design/methodology/approach The study was administered to a sample of 1,000 Bangladeshi customers who had engaged in online banking transactions for the purpose of acquiring items and services through both social media platforms in Google Form format and face-to-face interactions in hard copy format. Among these, 647 questions were deemed usable and were used for data analysis, where the response rate was 68%. The SmartPLS is used to create and validate the structural equation modeling model presented for the research, as well as to evaluate the hypothesized correlations between the different constructs. Findings This cross-sectional study conducted the extended technology acceptance model (TAM) with perceived security (PS) and personal innovation (PI) variables to identify the influencing adoption factors of digital payment systems. This study finds that perceived ease of use, PI and perceived usefulness have a favorable impact on individuals’ attitudes toward adopting digital payment methods (DPMs). The study also indicated that PS did not influence negatively the adoption of digital payment system. Besides this, the adoption of digital payment will help to transform society into a cashless society in the future. Research limitations/implications Increasingly prevalent across the nation. Several variables are required to facilitate the transition toward a cashless society. This study exclusively focuses on DPMs. Additionally, the data has been obtained exclusively from a single urban area. The adoption of DPMs has become increasingly prevalent across the nation. Practical implications This study would help policymakers, marketers and bankers understand which factors affect digital payment infrastructure expansion. So, they can produce digital payment apps that are compatible with different devices, have fast transactions, are user-friendly, easy to use and highly secure to maintain good attitudes toward digital payment systems. Social implications Few studies have examined how DPMs affect cashless societies in developing countries like Bangladesh. According to researchers, to the best of the authors’ knowledge, this is the first study to explore how digital payments affect cashless society in Bangladesh and raise awareness about it. Originality/value The study extended the TAM model to PS and PI. This paper is also unique in the conceptual arguments and the subject theme of the research area.

Factors that Drive Customers towards E-Commerce in Bangladesh: A Perceptional Exploration of Click and Mortar Business

E-commerce has facilitated trade in many effective ways. With the reduction of physical contact, it has brought up to a whole new dimension with innumerable potentials in molding modern day trade. The concept of e-commerce is relatively novel in Bangladesh. A customer would go fore-commerce only when there is benefit inherent in the process. Commonly, benefit is measured in terms of time, cost, accessibility, convenience, value addition and post purchase services. In the study, the customers’ perception regarding click and mortar business showed that e-commerce is better than traditional commerce broadly in terms of time, accessibility and convenience, and psychosomatic features. Specifically, the findings show that, e-commerce saves purchase and trading time; does easy accessibility of sites; makes more savings, supports fast transaction, helps in hassle free shopping; provides necessary information, and demands physical shipping or delivery. But the respondents perceive to suffer from cognitive dissonance (negative feeling after purchase), unsatisfactory post purchase service, and inadequate change/money back for delivered products. The findings suggest further improvement in product design, marketing strategy, and especially, internet infrastructure.

STRATEGI KOMUNIKASI PEMASARAN ONLINE SHOP “QUEENBEA” TERHADAP KEPUTUSAN PEMBELIAN PRODUK AKSESORIS DI E-COMMERCE SHOPEE

Research was conducted to determine marketing communication strategies regarding product purchasing decisions. The ease of marketing products today is due to the increasing development of technology, making online shopping increasingly popular with consumers. Due to its effectiveness in shopping without having to meet face to face, convenience in time, fast transactions, access to selecting the items you want and need are all easy. This also makes competition tougher in sales in online shops. This research examines the Marketing Communication Strategy of the Online Shop "Queenbea" in E-commerce Shopee. This research aims to explain the marketing communication strategies for the online shop "Queenbea" on Shopee.

A research on the consensus mechanisms

A distributed and decentralized ledger widely used in the computer science and financial fields called blockchain has provided safe and fast transactions for multiple parties. Also, check the transaction by each node on the blockchain. The consensus mechanism is the core of the blockchain. It lets all the nodes reach an agreement for those transactions, which ensures security and accuracy and make Bitcoin valuable and popular. Two of the most mainstream Consensus mechanisms are Proof of Work (PoW) and Proof of Stake (PoS), and Proof of Authority (PoA) is the new one that will apply in the future. Many discourses talk about consensus mechanisms, most of which are review papers. Those papers mainly show a specific aspect of a consensus mechanism or introduce the primary notion, but they rarely explain the corresponding relationship between theories and cryptocurrency. So, the purpose is to give a clear structure, connect the consensus mechanism to its application and simplify the reader's understanding. This paper aims to provide an overview of the consensus mechanism, including its general definition, concepts of different mechanism variants, and advantages and disadvantages. For the structure below, the essay introduces the notion of consensus mechanism and how PoW, PoS, and PoA work. Then summarize the papers based on these three consensus mechanisms, describing the theories of many consensus mechanisms and comparing the advantages and disadvantages. The essay also creates a comparison table about these three consensus mechanisms to embody the content above the stem better.

Rancangan Aplikasi Penjualan Tunai Komputer Pada Dony Komputer Purwokerto

The problem with Dony Computer is that sales transactions still use a manual system using ledgers for each recording, so that errors often occur which will cause losses for Dony Computer and inefficient reporting to shop owners. The aim of designing a sales information system is to make it easier for the administration to process existing data. Application tools that have been created with PHP and a MySQL database can provide a smooth process for inputting and storing data and reports provided to shop owners. By using a system development method, namely the System Development Life Cycle. The results of this research create a sales application design that can make it easier for stores to collect data on goods and sales data to make it better and more accurate. Apart from that, the level of effectiveness of this application is quite high as seen from customer satisfaction with a good and fast transaction process.

"EVALUATION OF THE EFFECTIVENESS OF THE ORGANIZATION OF AN AUTOMATED SYSTEM FOR MANAGING THE RESERVE ENERGY SUPPLY OF A MINING FARM"

"The popularity of digital money due to the high capabilities of digital technologies, data transmission, makes it possible to carry out fast transactions and store capital in the form of electronic, virtual funds. Mining technology allows you to mine cryptocurrencies (bitcoin, Namecoin, etc.) in real time using a large number of video cards for parallel calculations of soda (hashes), while a large amount of electricity is consumed. The boom of mining technology occurred in 2009-2015, which caused a sharp increase in electricity consumption and insufficient capacity for the development of other sectors of the economy In Kazakhstan due to the low cost of electricity, there was an increase in the number of mining farms, and therefore there were several blackouts. As a rule, a mining farm does not belong to consumers of the 1st category, for whom switching to other feeders takes place, the elimination of accidents has recently taken quite a long time and the equipment stops, causes overheating and failure of video cards, moreover, the calculation process itself is interrupted, the warranty functioning of the equipment is not provided. The presented article discusses the methodology of organizing the backup power supply of a mining farm, the selection and justification of the necessary equipment and automation. Keywords: mining, automated control systems, backup power supply, efficiency "

Analisis Peran Online Customer Review Dalam Memediasi Hubungan Online Customer Rexperience Terhadap Peningkatan Marketplace Rating

Marketplace is one of the impacts from development of e-commerce systems in the world. Marketplace are in great demand by all types of groups because they are able to increase the effectiveness and efficiency of users in shopping online. Starting from the choice of goods with various prices, brands, quality, to easy and fast transaction and shipping processes. However, along with its development, competition between marketplace companies has become increasingly stringent, causing several companies to experience a decline due to newcomers offering new experiences. This research was made with the aim of knowing the extent to which the influence of online user experience (online customer experience) in increasing marketplace ratings through online customer reviews as a mediating variable. Quantitative research method with proportional random sampling technique is the research method used for this research. Data collection was carried out by distributing questionnaires to 250 respondents consisting of students who have used the Bukalapak application from each tertiary institution in the city of Sukabumi. The data analysis technique in this study used structural equation modeling (SEM) using AMOS software version 22. The final results of the study showed that there was a positive influence from online customer reviews in mediating the relationship between online customer experience and marketplace rating. Ratings on companies can increase if they succeed in creating the best experience for users after using online shopping applications.
 Keywords: Marketplace, Marketplace Rating, Online Customer Experience, Online Review

Development of Marketplace Product Data Mining and Analysis Application as a Reference in Running a Business

<p><strong>Marketplaces has become the first choice as a third party that provides online selling and payment services that bridge sellers and buyers. The increasing need to shop in an efficient and convenient way has driven the popularity of using the marketplace. Moreover, with a variety of products and a fast transaction process, and more competitive prices, the use of the marketplace has shown significant growth in activity by the wider community. </strong><strong>With the increasing use of marketplaces, data analysis from marketplaces is becoming a key element to understand market trends and make informed transaction decisions. Data analysis systems based on bot technology and Web-Scrapping libraries, such as Puppeteer, allow users to perform data analysis more efficiently and quickly, minimize the need for a data analysis team, and reduce time and costs. Given these factors, this research focuses on developing a web-based application that can analyze data coming from marketplaces and present it to users quickly and accurately.</strong><strong></strong></p>

Analisis Peran Online Customer Review Dalam Memediasi Hubungan Online Customer Rexperience Terhadap Peningkatan Marketplace Rating

Marketplace is one of the impacts from development of e-commerce systems in the world. Marketplace are in great demand by all types of groups because they are able to increase the effectiveness and efficiency of users in shopping online. Starting from the choice of goods with various prices, brands, quality, to easy and fast transaction and shipping processes. However, along with its development, competition between marketplace companies has become increasingly stringent, causing several companies to experience a decline due to newcomers offering new experiences. This research was made with the aim of knowing the extent to which the influence of online user experience (online customer experience) in increasing marketplace ratings through online customer reviews as a mediating variable. Quantitative research method with proportional random sampling technique is the research method used for this research. Data collection was carried out by distributing questionnaires to 250 respondents consisting of students who have used the Bukalapak application from each tertiary institution in the city of Sukabumi. The data analysis technique in this study used structural equation modeling (SEM) using AMOS software version 22. The final results of the study showed that there was a positive influence from online customer reviews in mediating the relationship between online customer experience and marketplace rating. Ratings on companies can increase if they succeed in creating the best experience for users after using online shopping applications.
 Keywords: Marketplace, Marketplace Rating, Online Customer Experience, Online Review

Evaluation of the positive impacts of e-customs implementations on foreign trade by fuzzy AHP method

This study aims to evaluate the positive impacts of e-customs implementations on international trade and rank these impacts hierarchically according to their importance weights. For this purpose, Fuzzy Analytical Hierarchy Process (AHP) method was applied to analyze the importance weights of each impact. Data were collected from the experts by conducting a survey prepared following the study's research method. Questionnaire forms were structured within the conceptual model framework created in line with the literature review and expert decisions. Questionnaires were sent via e-mail to the experts and fully completed seven of them were included in the analysis. Results of the study demonstrate that the Time criterion has the highest impact on e-customs implementations among the main criteria. Besides, the first three important impacts of e-customs implementations among the sub-criteria are ease of transactions, reduced bureaucracy, and faster transactions. The findings obtained from this study are supposed to contribute to the studies concerning e-customs applications.