10th International Congress on Information and Communication Technology

Authors - Atiqur Rehman, Karim Elia Fraoua, Amos David
Abstract - Blockchain technology has the potential to revolutionize traditional financial systems by offering decentralized, secure, and transparent transaction processing. This research focuses on developing a blockchain-based investment platform that integrates the Practical Byzantine Fault Tolerance (PBFT) consensus algorithm. The platform addresses critical issues faced by traditional investment systems, such as security vulnerabilities, inefficiencies, and the lack of transparency. By incorporating smart contracts, the platform automates key investment processes such as order placement and settlement, significantly reducing reliance on intermediaries. The system is designed to process transactions in real-time, offering high throughput and low latency, ensuring a smooth user experience. Extensive testing, including unit testing, integration testing, and security testing, has been conducted to verify the platform’s performance, scalability, and robustness. Security measures such as end-to-end encryption and multi-factor authentication (MFA) further enhance the platform's reliability. While PBFT ensures fast and secure consensus, the scalability of the algorithm may present challenges as the platform grows. Future work will focus on optimizing the PBFT system, exploring hybrid blockchain models, and integrating the platform with external financial systems to extend its applicability. The research demonstrates that blockchain, when combined with PBFT, can create a secure, efficient, and scalable solution for managing investment transactions.