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Blockchain based transaction processing system : a reference architecture for an integrated blockchain based transaction processing system

Spijkerboer, E. C. (2019) Blockchain based transaction processing system : a reference architecture for an integrated blockchain based transaction processing system.

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Abstract:For small and medium sized enterprises it can be hard to keep their cashflow healthy. They suffer in accessing financial markets, they are considered high-risk borrowers who need to pay higher interest and they have a problem of insufficient liquidity and working capital. There is a Dutch company that tries to help these enterprises, by providing an IT service for reverse factoring. They want to explore the possibilities to improve their service by using blockchain to record all the transactions between different parties. The traditional transaction processing system work with several different components and their design can differ. But they have one important component in common, they are managed by a single party. Using blockchain as the record keeper, an open and transparent transaction processing system could be created, without a trusted third party. During the literature review, no clear and accepted reference architecture for blockchain based systems was found, therefore this became the main objective of this thesis. Using TOGAF and ArchiMate a new reference architecture for blockchain based transactions systems was created. With a case study, a start of validating the architecture was made. The current architecture was migrated to a new possible architecture using the reference architecture and a prototype of the blockchain based transaction system was made. Based on the prototype, it was concluded that the reference architecture has great potential and it could be tool to create blockchain based transaction systems. But due to the limitations in the prototype, more research is needed to improve both the reference architecture and the blockchain techniques in general.
Item Type:Essay (Master)
Faculty:EEMCS: Electrical Engineering, Mathematics and Computer Science
Subject:50 technical science in general, 54 computer science, 58 process technology, 83 economics
Programme:Business Information Technology MSc (60025)
Link to this item:http://purl.utwente.nl/essays/77221
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