BLOCK-CHAIN FOR FRAUD DETECTION AND RISK MANAGEMENT IN FINANCE
This research explores how blockchain technology can support better fraud detection in modern financial systems. Financial institutions regularly encounter issues such as identity theft, unauthorized access, and manipulation of transaction records. As financial activities increasingly move to digital platforms, these risks have become more complex and difficult to manage. Many traditional financial systems rely on centralized databases and manual monitoring processes, which may delay the identification of suspicious activities and allow fraudulent transactions to occur before they are detected.Blockchain technology provides a possible solution to these challenges. It operates through a distributed ledger where transaction data are recorded across a network rather than stored in a single central system. Because the information is verified through cryptographic methods and shared among multiple participants, altering or manipulating financial records becomes extremely difficult. This structure allows financial institutions to track transactions more clearly and detect unusual patterns more quickly.In addition, blockchain creates a transparent and reliable record of financial activities, which improves auditing and strengthens accountability among network participants. By introducing decentralized verification and secure record keeping, blockchain systems can support real-time monitoring of financial operations. As a result, integrating blockchain into financial infrastructures may improve fraud detection, reduce financial risks, and increase trust among institutions and users
Purushotham, K. S., Reddy, K. R., Mohan, P. & Fyzan.S, (2026). Block-chain for Fraud detection and Risk Management in Finance. International Journal of Science, Strategic Management and Technology, 02(04). https://doi.org/10.55041/ijsmt.v2i4.172
Purushotham, K, et al.. "Block-chain for Fraud detection and Risk Management in Finance." International Journal of Science, Strategic Management and Technology, vol. 02, no. 04, 2026, pp. . doi:https://doi.org/10.55041/ijsmt.v2i4.172.
Purushotham, K,K Reddy,P.Naga Mohan, and Fyzan.S. "Block-chain for Fraud detection and Risk Management in Finance." International Journal of Science, Strategic Management and Technology 02, no. 04 (2026). https://doi.org/https://doi.org/10.55041/ijsmt.v2i4.172.
Telecommunications Policy (ABDC – A). https://doi.org/10.1016/j.telpol.2017.09.003
2.Treleaven, P., Brown, R., & Yang, D. (2017).Blockchain technology in finance.Computer Journal (ABDC – A).https://doi.org/10.1093/comjnl/bxx044
3.Casino, F., Dasaklis, T., & Patsakis, C. (2019).A systematic literature review of blockchain-based applications.Telematics and Informatics (ABDC – A). https://doi.org/10.1016/j.tele.2018.11.006
4.Chen, Y., Bellavitis, C., & Shen, Y. (2022).Blockchain disruption and decentralized finance.
Journal of Corporate Finance (ABDC – A*) https://doi.org/10.1016/j.jcorpfin.2022.102182
5.Cong, L., He, Z., & Li, J. (2021).Decentralized mining in centralized pools.Review of Financial Studies (ABDC – A*).https://doi.org/10.1093/rfs/hhaa112
6.Harvey, C., Ramachandran, A., & Santoro, J. (2021).DeFi and the future of finance.Journal of Financial Economics (ABDC – A*).https://doi.org/10.1016/j.jfineco.2021.05.009
7.Treiblmaier, H. (2019).Combining blockchain technology and the physical internet.
Transportation Research Part A (ABDC – A).https://doi.org/10.1016/j.tra.2019.04.008
8.Catalini, C., & Gans, J. (2016).Some simple economics of the blockchain.MIT Sloan Research Paper (ABDC-recognized research).https://doi.org/10.2139/ssrn.2874598
9.Böhme, R., Christin, N., Edelman, B., & Moore, T. (2015).Bitcoin: Economics, technology, and governance.Journal of Economic Perspectives (ABDC – A*).https://doi.org/10.1257/jep.29.2.213
10.Gomber, P., Koch, J., & Siering, M. (2017).Digital finance and FinTech innovations.Journal of Business Economics (ABDC – A).https://doi.org/10.1007/s11573-017-0852-x