Call for Papers:Vol.11 Issue.5

Submission
Last date		 28-Oct-2025
Acceptance Status In One Day
Paper Publish In Two Days
Submit ManuScript

News & Updates

Submit Article

Dear Authors, Article publish in our journal for Volume-11,Issue-5. For article submission on below link: Submit Manuscript


Join As Board

Dear Reviewer, You can join our Reviewer team without given any charges in our journal. Submit Details on below link: Join As Board


Paper Publication Charges

IJARIIE APP
Download Android App

For Authors

Archives

IJARIIE Board

Downloads

Android App

Download IJARIIE APP

Authors

Title: :  DEVELOPMENT OF BLOCKCHAIN BASED LETTERS OF CREDIT NETWORK
PaperId: :  19430
Published in:   International Journal Of Advance Research And Innovative Ideas In Education
Publisher:   IJARIIE
e-ISSN:   2395-4396
Volume/Issue:    Volume 9 Issue 2 2023
DUI:    16.0415/IJARIIE-19430
Licence: :   IJARIIE is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Author NameAuthor Institute
A. Lakshmi TriveniVasireddy Venkatadri Institute of Technology
D. Swaroopa RaniVasireddy Venkatadri Institute of Technology
A. Bhanu SreyaVasireddy Venkatadri Institute of Technology
G. VijayaVasireddy Venkatadri Institute of Technology

Abstract

Electronics and Communication Engineering
Blockchain, Hyperledger Fabric, Letters of Credit
This project is to track Letters of Credit (LC) from the point of application to the point of settlement. An LC can also be called as a draft, documentary credit, or banker's commercial credit is a guarantee from a buyer to pay a seller according to certain terms and time periods. Banks will cover the entire amount or the remaining portion of the purchase if the buyer cannot pay. When parties who do not trust each other are involved in international trade, banking channels are used to make payments. In such situations, LCs are a common payment method. The issuing bank issues a Letter of Credit to a confirming bank, which pays the exporter in accordance with its terms. Due to its complex financial and administrative operations, the LC process is usually inef icient and time-consuming. Our main aim of the project is to overcome this limitation of LC by using blockchain technology. It is reported that global finance companies which do not follow this technology require 7 to 10 days of time for verification and authorization of an international trade transaction. But by using this Letter of credit with blockchain technology, it takes only 2.5 hours and this process is very secure.

Citations

Copy and paste a formatted citation or use one of the links to import into a bibliography manager and reference.

IJARIIE A. Lakshmi Triveni, D. Swaroopa Rani, A. Bhanu Sreya, and G. Vijaya. "DEVELOPMENT OF BLOCKCHAIN BASED LETTERS OF CREDIT NETWORK" International Journal Of Advance Research And Innovative Ideas In Education Volume 9 Issue 2 2023 Page 518-523
MLA A. Lakshmi Triveni, D. Swaroopa Rani, A. Bhanu Sreya, and G. Vijaya. "DEVELOPMENT OF BLOCKCHAIN BASED LETTERS OF CREDIT NETWORK." International Journal Of Advance Research And Innovative Ideas In Education 9.2(2023) : 518-523.
APA A. Lakshmi Triveni, D. Swaroopa Rani, A. Bhanu Sreya, & G. Vijaya. (2023). DEVELOPMENT OF BLOCKCHAIN BASED LETTERS OF CREDIT NETWORK. International Journal Of Advance Research And Innovative Ideas In Education, 9(2), 518-523.
Chicago A. Lakshmi Triveni, D. Swaroopa Rani, A. Bhanu Sreya, and G. Vijaya. "DEVELOPMENT OF BLOCKCHAIN BASED LETTERS OF CREDIT NETWORK." International Journal Of Advance Research And Innovative Ideas In Education 9, no. 2 (2023) : 518-523.
Oxford A. Lakshmi Triveni, D. Swaroopa Rani, A. Bhanu Sreya, and G. Vijaya. 'DEVELOPMENT OF BLOCKCHAIN BASED LETTERS OF CREDIT NETWORK', International Journal Of Advance Research And Innovative Ideas In Education, vol. 9, no. 2, 2023, p. 518-523. Available from IJARIIE, https://ijariie.com/AdminUploadPdf/Letters_of_Credit_Network_Using_Blockchain_ijariie19430.pdf (Accessed : ).
Harvard A. Lakshmi Triveni, D. Swaroopa Rani, A. Bhanu Sreya, and G. Vijaya. (2023) 'DEVELOPMENT OF BLOCKCHAIN BASED LETTERS OF CREDIT NETWORK', International Journal Of Advance Research And Innovative Ideas In Education, 9(2), pp. 518-523IJARIIE [Online]. Available at: https://ijariie.com/AdminUploadPdf/Letters_of_Credit_Network_Using_Blockchain_ijariie19430.pdf (Accessed : )
IEEE A. Lakshmi Triveni, D. Swaroopa Rani, A. Bhanu Sreya, and G. Vijaya, "DEVELOPMENT OF BLOCKCHAIN BASED LETTERS OF CREDIT NETWORK," International Journal Of Advance Research And Innovative Ideas In Education, vol. 9, no. 2, pp. 518-523, Mar-App 2023. [Online]. Available: https://ijariie.com/AdminUploadPdf/Letters_of_Credit_Network_Using_Blockchain_ijariie19430.pdf [Accessed : ].
Turabian A. Lakshmi Triveni, D. Swaroopa Rani, A. Bhanu Sreya, and G. Vijaya. "DEVELOPMENT OF BLOCKCHAIN BASED LETTERS OF CREDIT NETWORK." International Journal Of Advance Research And Innovative Ideas In Education [Online]. volume 9 number 2 ().
Vancouver A. Lakshmi Triveni, D. Swaroopa Rani, A. Bhanu Sreya, and G. Vijaya. DEVELOPMENT OF BLOCKCHAIN BASED LETTERS OF CREDIT NETWORK. International Journal Of Advance Research And Innovative Ideas In Education [Internet]. 2023 [Cited : ]; 9(2) : 518-523. Available from: https://ijariie.com/AdminUploadPdf/Letters_of_Credit_Network_Using_Blockchain_ijariie19430.pdf
BibTex EndNote RefMan RefWorks

Number Of Downloads



Save in Google Drive

Similar-Paper

TitleArea of ResearchAuther NameAction
LOTUS GUARDIAN:AN AUTONOMOUS LOTUS FARMING SYSTEMSElectronic and Communication EngineeringProf. Kamalakumari Download
AN AI BASED VENTILATOR KPI USING EMBEDDED IOT DEVICEElectronics and communication EngineeringRoopa.S Download
TRAFFIC PREDICTION AND CONTROL SYSTEM FOR SMART CITIESElectronics and Communication EngineeringMs. Pallavi J Download
ECOMATIC (Automated Robot for Cleaning Surroundings and Waste Collection with Segregation)Electronic and Communication EngineeringMr. Jagannath B R Download
Ayurvedic leaf detection using Raspberry Pi and deep learningElectronics and Communication Engineering Harini A S Download
smart solar careElectronics and communication engineeringMr Nikhil P Download
Solar Power Monitoring and Fault Detection using IoTElectronics and Communication Engineering Dhiliban V T Download
DESIGN OF A CONTROL SYSTEM FOR STABILIZING WATER SUPPLY PRESSUREElectronics and CommunicationDương Quynh Nhat Download
Application of CC-Link Industrial Communication Network in Controlling a Single-Zone Fruit DryerTechnologyNguyen Thi Linh Download
Implementation of Solar Based Irrigation Systems for Optimizing Agricultural EfficiencyElectronic and Telecommunication EngineeringPrajwal Aniruddha Deshpande Download
A CLOUD BAESD TRAFFIC MANAGEMENT SYSTEMELECTRONICS & TELECOMMUNICATION ENGINEERINGRUSHIKESH SAWANT Download
Performance Evaluation of a Robotic Child Rescue System for Borewell ApplicationsElectronics and telecommunication engineeringRohan Tathe Download
IoT Based Bank Security SystemE&TC EngineeringAjay Mishra Download
A Secure and Efficient Voice-Controlled Home Automation System Using ESP32 and Web APIsElectronics and telecommunication EngineeringPrathmesh Mane Download
A smart vehicle for farming taskElectronics and TelecommunicationChaitali Panduramg Kankate Download
12