Research Article
Modeling of a Blockchain-Based Cross-Border Payment System in a Secured Cloud Environment
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International Journal of Applied Information Systems
Foundation of Computer Science (FCS), NY, USA
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| Volume 12 - Issue 44 |
| Published: May 2024 |
| Authors: Festus A. Osuolale, David C. Okorie, Yetunde E. Ogunwale |
10.5120/ijais2024451968
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Festus A. Osuolale, David C. Okorie, Yetunde E. Ogunwale . Modeling of a Blockchain-Based Cross-Border Payment System in a Secured Cloud Environment. International Journal of Applied Information Systems. 12, 44 (May 2024), 1-9. DOI=10.5120/ijais2024451968
@article{ 10.5120/ijais2024451968,
author = { Festus A. Osuolale,David C. Okorie,Yetunde E. Ogunwale },
title = { Modeling of a Blockchain-Based Cross-Border Payment System in a Secured Cloud Environment },
journal = { International Journal of Applied Information Systems },
year = { 2024 },
volume = { 12 },
number = { 44 },
pages = { 1-9 },
doi = { 10.5120/ijais2024451968 },
publisher = { Foundation of Computer Science (FCS), NY, USA }
}
%0 Journal Article
%D 2024
%A Festus A. Osuolale
%A David C. Okorie
%A Yetunde E. Ogunwale
%T Modeling of a Blockchain-Based Cross-Border Payment System in a Secured Cloud Environment%T
%J International Journal of Applied Information Systems
%V 12
%N 44
%P 1-9
%R 10.5120/ijais2024451968
%I Foundation of Computer Science (FCS), NY, USA
Abstract
The traditional world of cross-border payments, plagued by delays, high fees, and lack of transparency, is facing a revolution fueled by the convergence of blockchain technology and secure cloud infrastructure. This paper proposes a novel system leveraging blockchain's distributed ledger and smart contracts to facilitate fast, transparent, and cost-effective international transactions. By harnessing the scalability and security of the cloud, the system aims to streamline cross-border payments, reduce intermediary costs, and ultimately reshape the global financial landscape, paving the way for a future of faster, cheaper, and more trustworthy transactions.
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