FIELD OF INVENTION
The present invention relates to the field of designing & implementing a framework of
block chain-based technique to facilitate security in online transactions of e-commerce
site. The proposed invention focuses on providing safer payment gateway for
consumers of online shopping sites.

BACKGROUND OF INVENTION
[0001] Background description includes information that may be useful in understanding the present invention. It is not an admission that any of the information provided herein is prior art or relevant to the presently claimed invention, or that any publication specifically or implicitly referenced is prior art.
[0002] Transactions security is the most fundamental form of security checking that is required to secure a CICS region and its application; you should always enable transaction security. Without transactions security, any user who has access to CICS can run any transaction without even needing to sign on. Online transactions from any reputable vendor are also protected by SSL certificates (to protect data in transit), firewalls, and regular systems scans.
[0003] A number of different types of blockchain based online transaction security systems that are known in the prior art. For example, the following patents are provided for their supportive teachings and are all incorporated by reference.
[0004] WO2018175666A1:- Systems and methods for 'micro-transactions using virtual currency via a blockchain. A central authority server provides a shadow ledger to track verified but unposted transactions with respect to users of the virtual -currency economy. New proposed transactions are checked against both the master records in the blockchain database and the shadow ledger to confirm that, when posted to the blockchain, they will be valid, confirmed transactions are -authenticated via tokens provided to users, who then remit the tokens to participants in exchange for access to content (e.g., paywall content, ad-free content, etc.). Users may acquire virtual currency through similar micro-transactions conducted in reverse, The unposted, cached transactions are then posted to the blockchain in bulk.
[0005] US20170132626A1:- A method for validating blockchain transactions using a transaction processing network includes: storing one or more authentication rules configured to authenticate an electronic transaction and one or more verification rules configured to verify a blockchain transaction; receiving a transaction message including a message type indicator and a plurality of data elements including at least first data elements configured to store blockchain data and additional data elements configured to store transaction data values; identifying an authentication score based on application of at least one or more authentication rules to the transaction data values; identifying a verification score based on application of one or more verification rules to the blockchain data; generating a data message, the data message including the blockchain data stored in the first data elements, the identified authentication score, and the identified verification score; and electronically transmitting the generated data message to a blockchain network.
[0006] A systematic literature review of blockchain-based applications: Current status, classification and open issues:- This work provides a systematic literature review of blockchain-based applications across multiple domains. The aim is to investigate the current state of blockchain technology and its applications and to highlight how specific characteristics of this disruptive technology can revolutionize “business-as-usual” practices. To this end, the theoretical underpinnings of numerous research papers published in high ranked scientific journals during the last decade, along with several reports from grey literature as a means of streamlining our assessment and capturing the continuously expanding blockchain domain, are included in this review. Based on a structured, systematic review and thematic content analysis of the discovered literature, we present a comprehensive classification of blockchain-enabled applications across diverse sectors such as supply chain, business, healthcare, IoT, privacy, and data management, and we establish key themes, trends and emerging areas for research. We also point to the shortcomings identified in the relevant literature, particularly limitations the blockchain technology presents and how these limitations spawn across different sectors and industries. Building on these findings, we identify various research gaps and future exploratory directions that are anticipated to be of significant value both for academics and practitioners.
[0007] Some risks that online businesses face are phishing attacks, website hacking, malware, credit card fraud, ransom ware attacks and unprotected web services. Most online businesses handle sensitive personal information from customers and process numerous transactions. The proposed invention focuses on designing a blockchain based techniques for securing the online transactions that take place between consumers and E-Commerce site.
[0008] Above information is presented as background information only to assist with an understanding of the present disclosure. No determination has been made, no assertion is made, and as to whether any of the above might be applicable as prior art with regard to the present invention.
[0009] In the view of the foregoing disadvantages inherent in the known types of online transaction analysis systems now present in the prior art, the present invention provides an improved system. As such, the general purpose of the present invention, which will be described subsequently in greater detail, is to provide a new and improved system to protect the online transactions through the Blockchain based techniques that has all the advantages of the prior art and none of the disadvantages.
SUMMARY OF INVENTION
[0010] In the view of the foregoing disadvantages inherent in the known types of food packaging systems now present in the prior art, the present invention provides an improved and cost-effective freshness indicator especially while exporting sea foods. As such, the general purpose of the present invention, which will be described subsequently in greater detail, is to provide a new and improved packaging system for frozen shrimps which has all the advantages of the prior art and none of the disadvantages.
[0011] The main objective of the proposed invention is to design & implement a framework of blockchain based technique for analyzing the authenticity of consumers who are making online transactions. The proposed invention aims at facilitating aspects for E-Commerce site Consumers.
[0012] Yet another important aspect of the proposed invention is to design & implement a framework that will create a blockchain between the payment gateway of E-Commerce site and consumer. The Ledgers will record the transactions with a node and only the authorized and authenticated user is allowed to make transaction. The cloud server establishes communication and coordination between the various components of the proposed invention. The blockchain will help to reduce the redundant and duplicate transactions. The consumers can secure their hand earned money with integrating the ledgers of blockchain in the system.
[0013] In this respect, before explaining at least one embodiment of the invention in detail, it is to be understood that the invention is not limited in its application to the details of construction and to the arrangements of the components set forth in the following description or illustrated in the various ways. Also, it is to be understood that the phraseology and terminology employed herein are for the purpose of description and should not be regarded as limiting.
[0014] These together with other objects of the invention, along with the various features of novelty which characterize the invention, are pointed out with particularity in the disclosure. For a better understanding of the invention, its operating advantages and the specific objects attained by its uses, reference should be had to the accompanying drawings and descriptive matter in which there are illustrated preferred embodiments of the invention.
BREIF DESCRIPTION OF DRAWINGS
[0015] The invention will be better understood and objects other than those set forth above will become apparent when consideration is given to the following detailed description thereof. Such description makes reference to the annexed drawings wherein:
Figure 1 illustrates the schematic view of Blockchain based technique to facilitate security in the Online Transactions of E-Commerce Site for smooth Financial Management, according to the embodiment herein.
DETAILED DESCRIPTION OF INVENTION
[0016] In the following detailed description, reference is made to the accompanying drawings which form a part hereof, and in which is shown by way of illustration specific embodiments in which the invention may be practiced. These embodiments are described in sufficient detail to enable those skilled in the art to practice the invention, and it is to be understood that the embodiments may be combined, or that other embodiments may be utilized and that structural and logical changes may be made without departing from the spirit and scope of the present invention. The following detailed description is, therefore, not to be taken in a limiting sense, and the scope of the present invention is defined by the appended claims and their equivalents.
[0017] While the present invention is described herein by way of example using several embodiments and illustrative drawings, those skilled in the art will recognize that the invention is neither intended to be limited to the embodiments of drawing or drawings described, nor intended to represent the scale of the various components. Further, some components that may form a part of the invention may not be illustrated in certain figures, for ease of illustration, and such omissions do not limit the embodiments outlined in any way. It should be understood that the drawings and detailed description thereto are not intended to limit the invention to the particular form disclosed, but on the contrary, the invention covers all modification/s, equivalents and alternatives falling within the spirit and scope of the present invention as defined by the appended claims. The headings are used for organizational purposes only and are not meant to limit the scope of the description or the claims. As used throughout this description, the word "may" be used in a permissive sense (i.e., meaning having the potential to), rather than the mandatory sense (i.e., meaning must). Further, the words "a" or "a" mean "at least one” and the word “plurality” means one or more, unless otherwise mentioned. Furthermore, the terminology and phraseology used herein is solely used for descriptive purposes and should not be construed as limiting in scope. Language such as "including," "comprising," "having," "containing," or "involving," and variations thereof, is intended to be broad and encompass the subject matter listed thereafter, equivalents, and any additional subject matter not recited, and is not intended to exclude any other additives, components, integers or steps. Likewise, the term "comprising" is considered synonymous with the terms "including" or "containing" for applicable legal purposes. Any discussion of documents, acts, materials, devices, articles and the like are included in the specification solely for the purpose of providing a context for the present invention.
[0018] In this disclosure, whenever an element or a group of elements is preceded with the transitional phrase "comprising", it is understood that we also contemplate the same element or group of elements with transitional phrases "consisting essentially of, "consisting", "selected from the group consisting of”, "including", or "is" preceding the recitation of the element or group of elements and vice versa.
[0019] Block Chain technology is a structure that stores transactional records, also known as the block of the public in several databases, known as the “chain”, in a network connected through peer-to-peer nodes. Typically, this storage is referred to as a “digital ledger”. Block Chain is a non-centralized data and transaction technology developed for cryptocurrency.
[0020] The block chain is an open and distributed ledger. It uses an append only data structure, meaning new transactions and data can be added on to a block chain, but past data cannot be erased. This result in a verifiable and permanent record of data and transactions between two or more parties. The proposed invention focuses on facilitating a secure online transaction platform by integrating it with block chain techniques.
[0021] Reference will now be made in detail to the exemplary embodiment of the present disclosure. Before describing the detailed embodiments that are in accordance with the present disclosure, it should be observed that the embodiment resides primarily in combinations arrangement of the system according to an embodiment herein and as exemplified in FIG. 1
[0022] Figure 1 illustrates the schematic view of Blockchain based technique to facilitate security in the Online Transactions of E-Commerce Site for smooth Financial Management 100. The proposed system 100 includes consumers database 101 which monitors the online transactions carried out by various consumers. The E-Commerce sites and their products are depicted as 102. The blockchain 103 will record the online transactions on ledgers 104a, 104b and 104c for various consumers. Each Ledger records and authenticates the consumer only the authenticated consumers will be allowed to make transactions over the clouds 105 with the E-Commerce site 103.
[0023] In the following description, for the purpose of explanation, numerous specific details are set forth in order to provide a thorough understanding of the arrangement of the system according to an embodiment herein. It will be apparent, however, to one skilled in the art that the present embodiment can be practiced without these specific details. In other instances, structures are shown in block diagram form only in order to avoid obscuring the present invention.

We Claims:

1. Blockchain based technique to facilitate security in the Online Transactions of E-Commerce Site for smooth Financial Management comprises of
Block chain;
Cloud server and
E-commerce site.
2. Blockchain based technique to facilitate security in the Online Transactions of E-Commerce Site for smooth Financial Management), according to claim 1, includes a block chain, wherein the block chain will record the online transactions that take place in the payment gateway.
3. Blockchain based technique to facilitate security in the Online Transactions of E-Commerce Site for smooth Financial Management, according to claim 1, includes a cloud server, wherein the cloud server will establish communication between blockchain and payment gateway.
4. Blockchain based technique to facilitate security in the Online Transactions of E-Commerce Site for smooth Financial Management, according to claim 1, includes an e-commerce site, wherein the e-commerce site will be monitored for their secure online transactions through Blockchain.