PROJECT TITLE :

A Blockchain architecture for trusted sub-ledger operations and financial audit using decentralized microservices

ABSTRACT:

The use of blockchain technology in business finance is becoming increasingly inevitable, particularly for the purpose of facilitating and securing transactions between companies. This article will propose a complete architecture based on the Blockchain to solve the problem of the traceability and validity of accounting data by assets groupement. This will be accomplished by introducing a concept that is comparable to that of a smart contract known as the trusted sub-ledger operation (TSLO). When it comes to managing assets in the corporate accounting system and the enterprise resource planner, TSLO is a method that is more flexible and adaptable than other options. This technique is an extendable E-Bidding variation of the TEA protocol, and it is constructed on a decentralized microservices tree (DMST) (Triple Entry Accounting). Our approach uses decentralized sub-ledgers with an implementation tree (DMST) for assets-driven transactions, as opposed to a multi-ledger architecture such as the Hyperledger Fabric skeleton, which is restricted to participant channels within a single entity or organization. In addition, the government's audit and taxation procedures for financial groups have been made more accessible by combining Proof of Authority and Proof of Stake in order to guarantee that the logic of "More stake, more reputation to preserve" is adhered to.