Blockchain for tracking serial numbers in money exchanges. Issue 4 (14th February 2020)

• Record Type: Journal Article
• Authors: Mohamed, Kareem; Aziz, Amr; Mohamed, Belal; Abdel‐Hakeem, Khaled; Mostafa, Mostafa; Atia, Ayman
• Is Part Of: Intelligent systems in accounting, finance and management. Volume 26:Issue 4(2019)
• Page Start: 193
• Page End: 201
• Publication Date: 2020-02-14
• Subjects: image processing -- banknote serial number recognition (SNR) -- blockchain; Accounting -- Data processing -- Periodicals; Business -- Data processing -- Periodicals; Expert systems (Computer science) -- Periodicals; Artificial intelligence -- Periodicals; 657.028563
• DOI: 10.1002/isaf.1462
• Languages: English
• ISSNs: 1055-615X

Abstract

Summary: Money exchange is one of the most common day‐to‐day activities performed by humans in the daily market. This paper presents an approach to money tracking through a blockchain. The proposed approach consists of three main components: serial number localization, serial number recognition, and a blockchain to store all transactions and ownership transfers. The approach was tested with a total of 110 banknotes of different currency types and achieved an average accuracy of 91.17%. We conducted a user study in real‐time with 21 users, and the mean accuracy across all users was 86.42%. Each user gave us feedback on the proposed approach, and most of them welcomed the idea.