These rules are checked at the entry level and if any one rule is not satisfied or there is deviation from the policies and the guidelines that are set the transaction are kept under till further corrections are carried out and if it is not possible to carry out corrections and the transaction is rejected totality. these rules ,policies and guidelines act bring in some degree of ease in process of the transactions. in case the transaction does not confirm to the rules then corrective action needs to be taken and the matter should be reported to the proper authorities.Įvery transaction should be securitized and scrutinized for their adherence to the business rules and the data values should also checked to be ensured their corrections the settings of the rules ,policies and guidelines are the propogative of the management and the statutory authorities and are subject to change as need is felt of there its change in the regulations set by the statutory authorities. There are business rules policies and guidelines that are set by the management of the business enterprise and by statutory authorities and every transaction have to be abide and follow these rules, policies and guidelines is a must.
The data that is generated has been processed and we are need to process it the transaction is being processed there are some rules and regulation need to be followed for transaction to the rules are described below We have seen in above article starting transactions are now we will describe how transactions work or process and the rule that govern it. These types of transactions are taking place on continuous basis in a business enterprise on the other hand business enterprise is meant for transaction. Let us study a normal business transactions where a company sells a product to a customer online using e-commerce.ĭata about the customer ,payment mode and details of payment ,product details need to be captured and processed this needs to be done along with these needs to be captured and processing needs to with transaction documents additional transactions are also triggered like adjustment in the inventory ,customer database creation of invoice and updating of accounts. We have transaction taking place in sales ,purchase ,payments being made and received ,deposits received and made refunds being issued and received and withdrawals all these are transactions and are very base of the existence of the business enterprise. There are many transactions that occur in the business organizations and are taking phase on a continuous basis on all fronts in business entry. transactions normally involve money worth. In the normal course doing business there are many events which take place in transactions are events which involve two or more parties one being the business entity. But due to the limitations in the prototype, more research is needed to improve both the reference architecture and the blockchain techniques in general.Today all the application we are using are based on Transaction processing system from your e-banking toe railway booking this article describes Transaction processing system in detail. Based on the prototype, it was concluded that the reference architecture has great potential and it could be tool to create blockchain based transaction systems. The current architecture was migrated to a new possible architecture using the reference architecture and a prototype of the blockchain based transaction system was made. With a case study, a start of validating the architecture was made. Using TOGAF and ArchiMate a new reference architecture for blockchain based transactions systems was created. During the literature review, no clear and accepted reference architecture for blockchain based systems was found, therefore this became the main objective of this thesis. Using blockchain as the record keeper, an open and transparent transaction processing system could be created, without a trusted third party. But they have one important component in common, they are managed by a single party. The traditional transaction processing system work with several different components and their design can differ. They want to explore the possibilities to improve their service by using blockchain to record all the transactions between different parties. There is a Dutch company that tries to help these enterprises, by providing an IT service for reverse factoring.
They suffer in accessing financial markets, they are considered high-risk borrowers who need to pay higher interest and they have a problem of insufficient liquidity and working capital. Blockchain based transaction processing system : a reference architecture for an integrated blockchain based transaction processing system.įor small and medium sized enterprises it can be hard to keep their cashflow healthy.