A privacy-preserving framework for blockchain-based multi-level marketing

Far, Saeed Banaeian; Asaar, Maryam Rajabzadeh; Haghbin, Afrooz

doi:10.1016/j.cie.2023.109095

Cited by 4 publications

(3 citation statements)

References 19 publications

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“…The article introduces a framework for blockchainbased multi-level marketing (MLM) platforms that prioritizes privacy [45]. The proposed framework aims to enhance privacy and security within the MLM sector by leveraging the blockchain technology.…”

Section: B Existing Work Without Kycmentioning

confidence: 99%

“…The article [45] presents a framework for blockchainbased multi-level marketing (MLM) networks that prioritize privacy and security. Through the use of encryption, pseudonymity, and selective disclosure, the framework protects participant information, transaction data, and confidential company details.…”

Section: B Existing Work Without Kycmentioning

confidence: 99%

“…The article [45] describes the process of rewarding active users in the MLM system using Enc and Signcrypt algorithms. The CID (company id) transaction latency represents the time taken for the company to process and complete reward payments for active users.…”

Section: B Existing Work Without Kycmentioning

confidence: 99%

See 2 more Smart Citations

A Review of Blockchain Approaches for KYC

Mansoor,

Antora,

Deb

et al. 2023

IEEE Access

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The traditional Know Your Customer (KYC) procedure used by banks is deemed unreliable and costly. Therefore, the adoption of emerging technologies is essential for banking firms' future prospects. One such technology that has gained widespread acceptance is Blockchain, which is known for its dependability and security across various fields. This study aims to investigate how the implementation of Blockchain technology can modify the existing banking business, particularly the KYC document verification process, by storing and monitoring information. The current need for an optimized KYC system is paramount, one that is coupled with a secure and trustworthy technology like Blockchain that can withstand fraudulent activities while also overcoming scalability and privacy challenges. The article analyses previous relevant works, which highlight how the implementation of Blockchain technology eliminates the need for intermediaries, thereby reducing the possibility of malicious activities and errors that may occur when there are multiple manual tasks involved.

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Section: B Existing Work Without Kycmentioning

confidence: 99%

Section: B Existing Work Without Kycmentioning

confidence: 99%