Transaction Security in Energy Trading System using Block chain

Abstract

Transaction Security (TS) is a framework that intercepts real-time Sales force events and applies appropriate actions and notifications based on security policies we create. In the earlier system of transactions all the nodes in the network are connected using centralized approach in which a node act as a server and all other nodes are connected to it. It is similar to client server model. All the information are stored in the centralized node. When the centralized node is been hacked by the hacker then it provides entire details about the transaction and doesn’t provide enough security. Since the privacy of these data is very less we proposed to have more secured system. The proposed system uses a decentralized network that doesn’t rely on a central point of control. A lack of a single authority makes the system fairer and considerably more secure using block chain and multi signature. A block chain is a public ledger of information collected through a network that sits on top of the internet. It is how this information is recorded that gives block chain its ground breaking potential and it is extremely important that the information being stored is honest and accurate. The main aim of this system is to provide transaction security without using a trusted third party since it reviews all the critical transaction communications between the parties, based on the ease of creating fraudulent digital content. This system provides high security and the hacker meets the difficulty level to retrieve the data..