The objective of this project is to develop a blockchain-based secure payment system that ensures transparency, integrity, and immutability of transactions. The system minimizes fraud risks by using decentralized ledger technology for recording payments.
Study blockchain fundamentals and distributed ledger technology.
Research blockchain-based payment platforms and use cases.
Design a simple blockchain architecture for payment recording.
Implement transaction creation and block validation logic.
Apply cryptographic hashing to ensure data integrity.
Develop wallet addresses and digital signatures for users.
Validate transactions before adding them to the ledger.
Create a user interface to view transaction history.
Test system behavior under simulated transaction loads.
Evaluate security, transparency, and scalability.
Document advantages and challenges of blockchain payments.
