Empirical Method to Analysis Mobile Payment Authentication Enhancement using Blockchain

One of the fundamental IoT technologies, near-fleld communication (NFC), has made mobile payments possible for a variety of applications. As the design of payment systems has been transformed by crypto currencies like Bitcoin, the technology has grown in popularity. However, this system is vulnerable to security issues including man-in-the-middle attacks, double-spending, and replay attacks, necessitating the use of other technologies like blockchain. The necessity to implement blockchain-based crypto currency payment is driven by worries about the security and privacy of transactions made utilising NFC technology. For example, NFC payment has come under fire for the lack of safeguards against potential assaults like brute force or double-spending. As a result, adopting blockchain technology is anticipated to enhance both user experience and the security characteristics of the NFC mobile payment system. Because it allows for direct transactions without using a third party, blockchain technology has been commended for facilitating equitable payment. In order to facilitate value transfer utilising IoT devices, blockchain cryptocurrency integration will transform the NFC payment method. In order to solve security and privacy issues, it is important to combine NFC with blockchain technology and cryptocurrencies. The goal of this research is to examine the possibility for integrating cryptocurrencies like Bitcoin and blockchain technology into the NFC payment mechanism.

I. Introduction

A key technology in the Internet of Things (IoT) is nearfield communication (NFC) [1]. It is a short-range, high-frequency communication technology that can be used for access control, electronic tickets, and micropayments, and is mostly used in the transportation and financial sectors [2]. Numerous NFC mobile payment prototypes are in use and have received a lot of attention from researchers recently. This technology has been essential in enhancing the world economy, which has enhanced human welfare. NFC mobile payment has consequently emerged as a popular method for carrying out sales transactions in mobile commerce [3]. In addition to revolutionising the way payment systems can be created, the introduction of Bitcoin also gave rise to a brandnew blockchain data structure that can be used in a variety of applications for data storage. Blockchain is seen as an innovative solution that can be crucial in logistics and banking as a result of these data structures.