Management and Access Control Framework for Open Banking Eco System by using Block Chain Technology
G. S. Jayesh, Gurpreet Singh, Rinki Mishra, Bajarang Prasad Mishra · 2022 6th International Conference on Electronics, Communication and Aerospace Technology · 2022
Open banking is a new data-sharing paradigm that may help new firms get rapid loan approvals and higher investment returns. Most clients are hesitant to embrace open banking because they fear sharing data with third-party suppliers. This research work has presented a blockchain-based self-sovereign identification system architecture for open banking. The proposed architecture offers a secure communication network between users and third-party service providers and let individuals manage their identities and data. Comparing the BBM model to current work shows and analyses its advantages.