Empirical Method to Analysis Mobile Payment Authentication Enhancement using Blockchain
Jeidy Panduro-Ramírez, Jesús Emilio Agustín Padilla Caballero, Arti Rana, K Soumya, Waleed Khalid Ibrahim, Malik Bader Alazzam · 2023
One of the fundamental IoT technologies, near-fleld communication (NFC), has made mobile payments possible for a variety of applications. As the design of payment systems has been transformed by crypto currencies like Bitcoin, the technology has grown in popularity. However, this system is vulnerable to security issues including man-in-the-middle attacks, double-spending, and replay attacks, necessitating the use of other technologies like blockchain. The necessity to implement blockchain-based crypto currency payment is driven by worries about the security and privacy of transactions made utilising NFC technology. For example, NFC payment has come under fire for the lack of safeguards against potential assaults like brute force or double-spending. As a result, adopting blockchain technology is anticipated to enhance both user experience and the security characteristics of the NFC mobile payment system. Because it allows for direct transactions without using a third party, blockchain technology has been commended for facilitating equitable payment. In order to facilitate value transfer utilising IoT devices, blockchain cryptocurrency integration will transform the NFC payment method. In order to solve security and privacy issues, it is important to combine NFC with blockchain technology and cryptocurrencies. The goal of this research is to examine the possibility for integrating cryptocurrencies like Bitcoin and blockchain technology into the NFC payment mechanism.