A Secure and Trusted Capital Verification Model Based on Blockchain and Zero Knowledge Proof

Abstract

Data leakage, result tampering, and oversight issues are issues with traditional capital verification. These issues can be successfully resolved using a combination of blockchain technology, smart contracts, cryptography, and other technologies because it is a traceable and tamper-proof data structure. In order to prevent data leaking, this article suggests a blockchain-based capital verification methodology that uses zero-knowledge proof technology. Using smart contracts, the possibility of result fabrication is automatically verified and removed. Additionally, this approach establishes a penetrating supervision scheme, and regulators are heavily involved in every facet of capital verification. The results of the experiment demonstrate that the plan is reliable and effective, has low storage costs, and can successfully safeguard personal data.