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The use of ethereum blockchain using internet of things technology in information and fund management of financial poverty alleviation system

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  • Xiaojun Zhang

    (Anhui Vocational College of Industry and Commerce)

Abstract

This exploration aims to effectively improve the data security of the financial poverty alleviation system, and provide a new idea for realizing highly credible targeted poverty alleviation. The centralized structure of the existing targeted poverty alleviation system leads to excessive power and a lack of trust. Hence, a decentralized targeted poverty alleviation system based on Ethereum blockchain technology of Internet of things technology is proposed. The system records personnel information, poverty alleviation data and funds in the blockchain to ensure the data credibility and security. A method of combining blockchain and InterPlanetary File System is proposed to jointly maintain the query and storage of large text data. It reveals that the application products using Ethereum blockchain technology have the characteristics of distribution, autonomy, contract execution and traceability. They will become mainstream applications in future development and can help society enter a highly trusted big data era. Ethereum blockchain has grown in the financial field and other fields. Moreover, the new model of Ethereum blockchain combined with government work can make government work more standardized, rigorous and credible. The research contribution is to propose an architecture based on Ethereum blockchain technology to realize automatic transaction generation and processing by combining smart contracts.

Suggested Citation

  • Xiaojun Zhang, 2022. "The use of ethereum blockchain using internet of things technology in information and fund management of financial poverty alleviation system," International Journal of System Assurance Engineering and Management, Springer;The Society for Reliability, Engineering Quality and Operations Management (SREQOM),India, and Division of Operation and Maintenance, Lulea University of Technology, Sweden, vol. 13(3), pages 1205-1215, December.
    • Handle: RePEc:spr:ijsaem:v:13:y:2022:i:3:d:10.1007_s13198-022-01644-y
    DOI: 10.1007/s13198-022-01644-y
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    References listed on IDEAS

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