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An Accounting Ledger System Using the Hyperledger Fabric-Based Blockchain

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Innovative Mobile and Internet Services in Ubiquitous Computing (IMIS 2020)

Part of the book series: Advances in Intelligent Systems and Computing ((AISC,volume 1195))

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Abstract

Data related to money, or in other words, financial data, is encrypted as well as obfuscated and stored through various processes. The validity of this data can then be verified by using corresponding values. In this paper, chaincode generation, storage, and validation were used to verify whether the input data is reliable using a blockchain open source based on Hyperledger Fabric. The user has a hash value for the membership fee paid by himself/herself, is able to use the hash value to check whether the correct data was entered or not, and/or to detect the presence of irregularities. This allows transparent disclosure of the account book while corresponding data is provided with the function that only users belonging to a specific group can check, resulting in increased financial reliability within each group.

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Acknowledgements

The authors would like to give thanks to the funding agencies for providing financial support. Parts of this work were supported by a research grant from Korean Bible University. The authors also thank Professor Jiyoung Lim and Professor Susan Elizabeth Nel for their constructive remarks and valuable comments.

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Correspondence to Hae-Duck J. Jeong .

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Kim, J., Kim, H., Hyun, W., Jeong, HD.J. (2021). An Accounting Ledger System Using the Hyperledger Fabric-Based Blockchain. In: Barolli, L., Poniszewska-Maranda, A., Park, H. (eds) Innovative Mobile and Internet Services in Ubiquitous Computing . IMIS 2020. Advances in Intelligent Systems and Computing, vol 1195. Springer, Cham. https://doi.org/10.1007/978-3-030-50399-4_7

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