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Blockchain for tracking serial numbers in money exchanges

Author

Listed:
  • Kareem Mohamed
  • Amr Aziz
  • Belal Mohamed
  • Khaled Abdel‐Hakeem
  • Mostafa Mostafa
  • Ayman Atia

Abstract

Money exchange is one of the most common day‐to‐day activities performed by humans in the daily market. This paper presents an approach to money tracking through a blockchain. The proposed approach consists of three main components: serial number localization, serial number recognition, and a blockchain to store all transactions and ownership transfers. The approach was tested with a total of 110 banknotes of different currency types and achieved an average accuracy of 91.17%. We conducted a user study in real‐time with 21 users, and the mean accuracy across all users was 86.42%. Each user gave us feedback on the proposed approach, and most of them welcomed the idea.

Suggested Citation

  • Kareem Mohamed & Amr Aziz & Belal Mohamed & Khaled Abdel‐Hakeem & Mostafa Mostafa & Ayman Atia, 2019. "Blockchain for tracking serial numbers in money exchanges," Intelligent Systems in Accounting, Finance and Management, John Wiley & Sons, Ltd., vol. 26(4), pages 193-201, October.
    • Handle: RePEc:wly:isacfm:v:26:y:2019:i:4:p:193-201
    DOI: 10.1002/isaf.1462
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    References listed on IDEAS

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