Seonyong Eom, Department of Information and Communication Engineering, Chungbuk National University, Chungbuk
Seokjin Shin, Department of Information and Communication Engineering, Chungbuk National University, Chungbuk
Min Choi, Department of Information and Communication Engineering, Chungbuk National University, Chungbuk
Though few blockchain-based payment services are currently available, this is expected to change in the future, as investment has poured in from banks for the exploration of blockchain’s potential. This interest creates the potential for the development of many lives and near-live blockchain payment processing solutions and trade finance deployments. However, current blockchain technology is not suitable for practical applications due to various limitations. Currently, the Bitcoin blockchain does not support owner identification and is not suitable for practical use due to performance issues. In this study, we combine credit card payments and blockchain networks to overcome the owner identification problem. For this purpose, we design and implement a fintech website payment platform making transactions on blockchain networks which is the possible outcome of this study. To solve the performance problems associated with blockchain networks, it utilizes the concept of overlay networks to decouple credit card networks from relatively slow blockchain peer-to-peer (P2P) networks.
Fintech, Blockchain, Credit Card Payment Platform, Overlay Network
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APA:
Eom, S., Shin, S., & Choi, M. (2022). A Fintech Platform for Next-Generation Credit-Card Payment. International Journal of Advanced Science and Technology (IJAST), ISSN: 2005-4238(Print); 2207-6360 (Online), NADIA, 150, 23-30. doi: 10.33832/ijast.2022.150.03.
MLA:
Eom, Seonyong, et al. “A Fintech Platform for Next-Generation Credit-Card Payment.” International Journal of Advanced Science and Technology, ISSN: 2005-4238(Print); 2207-6360 (Online), NADIA, vol. 150, 2022, pp. 23-30. IJAST, http://article.nadiapub.com/IJAST/Vol150/3.html.
IEEE:
[1] S. Eom, S. Shin, and M. Choi, "A Fintech Platform for Next-Generation Credit-Card Payment." International Journal of Advanced Science and Technology (IJAST), ISSN: 2005-4238(Print); 2207-6360 (Online), NADIA, vol. 150, pp. 23-30, January 2022.
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