Blockchain Integration in ERP for Enhanced Financial Security in Banking Operations

Madhavi Vinayak Godbole

Abstract


 In the ever-evolving landscape of banking operations, the integration of Blockchain technology with Enterprise Resource Planning (ERP) systems emerges as a pivotal avenue to bolster financial security. This research paper delves into the potential synergies between Blockchain and ERP, aiming to explore how this integration can fortify the security framework within banking institutions. By investigating the convergence of Blockchain's immutable ledger and ERP's data management capabilities, this study aims to identify how this amalgamation can enhance data integrity, traceability, and security in financial transactions. Leveraging a qualitative and quantitative approach, this research examines case studies and industry insights to elucidate the impact of Blockchain-ERP integration on mitigating cybersecurity threats, reducing fraud, and ensuring regulatory compliance within banking operations.


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