A Blockchain Based Framework for Fraud Detection

Abstract

Corruption or frauds has become common terms which are associated with government bodies working across the globe. It often leads to several social and economic problems, if remain unchecked. Increase in the rate of corruption adversely affects the development of any country. The government funds or money which is intended for the welfare of the public goes in the pocket of greedy officers. This research work is aimed to reduce corruption or frauds using blockchain technology. To establish our framework, we have worked on a generic scenario in which a government has various schemes running for the welfare of common people and the funds are disbursed through a layered architecture of government passing through various organisations. Non-transparency, poor management of government records, delay in verification process can lead to corruption in various schemes at various levels. Blockchain being a transparent, immutable and decentralized mechanism is found to be a mightier technology which can help fighting corruption in the experimental generic scenario.