{"id":5657,"date":"2026-05-07T22:50:56","date_gmt":"2026-05-07T14:50:56","guid":{"rendered":"\/jase\/?post_type=tkuisotope&#038;p=5657"},"modified":"2026-06-30T00:23:21","modified_gmt":"2026-06-29T16:23:21","slug":"mobile-payment-using-blockchain-security","status":"publish","type":"tkuisotope","link":"\/jase\/?tkuisotope=mobile-payment-using-blockchain-security","title":{"rendered":"Mobile Payment Using Blockchain Security"},"content":{"rendered":"\n<div class=\"wp-block-tkuwpbs5-bs5-row row article-info\">\n<div class=\"wp-block-tkuwpbs5-bs5-column col-md-3 align-self-start\">\n<p><i class=\"fa fa-folder\" aria-hidden=\"true\"><\/i>&nbsp;<a href=\"\/jase\/?page_id=5452\" data-type=\"page\" data-id=\"807\">2021<\/a><\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-tkuwpbs5-bs5-column col-md-3 align-self-start\">\n<p><i class=\"fa fa-folder-open\" aria-hidden=\"true\"><\/i>&nbsp;<a href=\"\/jase\/?page_id=5629\" data-type=\"page\" data-id=\"4630\">Volume 24, Issue 4<\/a><\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-tkuwpbs5-bs5-column col-md-6 align-self-start\">\n<div class=\"wp-block-tkuwpbs5-bs5-div dv_publish\" data-aos=\"normal\"><div class=\"wp-block-post-date\"><time datetime=\"2026-05-07T22:50:56+08:00\">2026-05-07<\/time><\/div><\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-tkuwpbs5-bs5-row row\">\n<div class=\"wp-block-tkuwpbs5-bs5-column col-md-5 align-self-start\">\n<div class=\"wp-block-tkuwpbs5-bs5-div au-ol\" data-aos=\"normal\">\n<p>Murad Obaid<sup>1<\/sup><a href=\"mailto:murad.s.obaid@gmail.com\"><i class=\"fa fa-envelope\"><\/i><\/a>, Musbah Aqel<sup>1<\/sup>, and Mahmoud Obaid<sup>2<\/sup><\/p>\n\n\n\n<p style=\"font-size:14px\"><sup>1<\/sup>Department of Management Information Systems Cyprus International University, Lefkosa, Northern Cyprus, Mersin 10, Turkey<\/p>\n\n\n\n<p style=\"font-size:14px\"><sup>2<\/sup>Department of Computer System Engineering, Arab American University, Jenin &#8211; Palestine<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-tkuwpbs5-bs5-div\" style=\"margin-top:var(--wp--preset--spacing--40)\" data-aos=\"normal\">\n<p>Received:\u00a0February 16, 2021<br>Accepted:\u00a0March 22, 2021<br>Publication Date:\u00a0May 7, 2026<\/p>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-tkuwpbs5-bs5-column col-md-7 align-self-start clk=\u5716\u7247\"><img decoding=\"async\" src=\"\/jase\/wp-content\/uploads\/2026\/05\/24_4_25.jpg\" class=\"img-fluid img-fluid mx-auto d-block\" alt=\"\u4e0a\u50b3\u5716\u7247\">\n\n\n<p class=\"has-text-align-center img_caption\">Security Aspects in the Proposed Solution.<\/p>\n<\/div>\n<\/div>\n\n\n\n<p class=\"has-small-font-size\"><i class=\"fab fa-creative-commons\"><\/i>&nbsp;<strong>Copyright&nbsp;<\/strong>The Author(s). This is an open access article distributed under the terms of the&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/creativecommons.org\/licenses\/by\/4.0\/\" target=\"_blank\">Creative Commons Attribution&nbsp;License (CC BY 4.0)<\/a>, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are cited.<\/p>\n\n\n\n<p>Download Citation:&nbsp; <a href=\"\/jase\/wp-content\/uploads\/2026\/05\/V244.0025.bib\" data-type=\"attachment\" data-id=\"5870\" target=\"_blank\" rel=\"noreferrer noopener\">BibTeX <\/a>| <a href=\"http:\/\/dx.doi.org\/10.6180\/jase.202108_24(4).0025\" target=\"_blank\" rel=\"noreferrer noopener\">http:\/\/dx.doi.org\/10.6180\/jase.202108_24(4).0025<\/a>&nbsp;&nbsp;<\/p>\n\n\n\n<p class=\"btn btn-primary article-btn\"><a href=\"\/jase\/wp-content\/uploads\/2026\/05\/25_2021_0129_V24i4.pdf\" data-type=\"attachment\" data-id=\"5935\" target=\"_blank\" rel=\"noreferrer noopener\">Download PDF<\/a><\/p>\n\n\n\n<div style=\"height:24px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Blockchain has become one of the most common methods for securing transfer data through decentralized peer-to-peer systems and has received extensive attention in recent years. Blockchain is an immutable ledger that allows the execution of a transaction in a secure and decentralized manner. This sophisticated but secure mechanism has an excellent reputation and has increased its customer base. Despite substantial attention, the blockchain system has many challenges that must be ad-dressed. This paper proposes a solution that provides a standard framework for mobile payments using blockchain technology. We further discuss security-related issues and attempt to determine the potential pitfalls with which such mechanisms can be exploited. We also investigate how popular currencies such as Bitcoin utilize security arrangements for safe transactions via mobile devices.<\/p>\n\n\n\n<p><em>Keywords:\u00a0Blockchain, Mobile Payment, Private Blockchain, Banking Blockchain, Blockchain Security<\/em><\/p>\n\n\n\n<div style=\"height:2rem\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-tkuwpbs5-bs5-div ref_ol\" data-aos=\"normal\">\n<ol>\n<li>[1] Tomaso Aste, Paolo Tasca, and Tiziana Di Matteo. Blockchain technologies: The foreseeable impact on society and industry. computer, 50(9):18\u201328, 2017.<\/li>\n<li>[2] Zibin Zheng, Shaoan Xie, Hongning Dai, Xiangping Chen, and Huaimin Wang. An overview of blockchain technology: Architecture, consensus, and future trends. In 2017 IEEE international congress on big data (BigData congress), pages 557\u2013564. IEEE, 2017.<\/li>\n<li>[3] Satoshi Nakamoto. Bitcoin: A peer-to-peer electronic cash system. Technical report, Manubot, 2019.<\/li>\n<li>[4] G Wood. Ethereum: a secure decentralised generalised transaction ledger [jelektronnyj resurs]. 32 c. gavwood. com: official site URL: https:\/\/gavwood.com\/paper.pdf data obrashhenija, 3, 2019.<\/li>\n<li>[5] Vitalik Buterin et al. A next-generation smart contract and decentralized application platform. white paper, 3(37), 2014.<\/li>\n<li>[6] Morgen E Peck. Blockchains: How they work and why they\u2019ll change the world. IEEE spectrum, 54(10):26\u201335, 2017.<\/li>\n<li>[7] J\u00f8rgen Svennevik Notland. Cryptocurrency as money.<\/li>\n<li>[8] Shi Chen, Cathy Yi-Hsuan Chen, Wolfgang Karl H\u00e4rdle, Teik Ming Lee, and Bobby Ong. Econometric analysis of a cryptocurrency index for portfolio investment. In Handbook of Blockchain, Digital Finance, and Inclusion, Volume 1, pages 175\u2013206. Elsevier, 2018.<\/li>\n<li>[9] Kim-Kwang Raymond Choo. Cryptocurrency and virtual currency: Corruption and money laundering\/terrorism financing risks? In Handbook of digital currency, pages 283\u2013307. Elsevier, 2015.<\/li>\n<li>[10] Sajad Homayoun, Ali Dehghantanha, Marzieh Ahmadzadeh, Sattar Hashemi, and Raouf Khayami. Know abnormal, find evil: frequent pattern mining for ransomware threat hunting and intelligence. IEEE transactions on emerging topics in computing, 8(2):341\u2013351, 2017.<\/li>\n<li>[11] Opeyemi Osanaiye, Haibin Cai, Kim-Kwang Raymond Choo, Ali Dehghantanha, Zheng Xu, and Mqhele Dlodlo. Ensemble-based multi-filter feature selection method for ddos detection in cloud computing. EURASIP Journal on Wireless Communications and Networking, 2016(1):1\u201310, 2016.<\/li>\n<li>[12] Martin Arnold. Five ways banks are using blockchain. Financial Times, 16, 2017.<\/li>\n<li>[13] Bernard Marr. How blockchain will transform the supply chain and logistics industry. Retrieved February, 22:2018, 2018.<\/li>\n<li>[14] Reza M Parizi, Ali Dehghantanha, et al. Smart contract programming languages on blockchains: An empirical evaluation of usability and security. In International Conference on Blockchain, pages 75\u201391. Springer, 2018.<\/li>\n<li>[15] R Aitken. Smart contracts on the blockchain: Can businesses reap the benefits. Forbes, 2017.<\/li>\n<li>[16] K Megget. Securing the supply chain. 2018.<\/li>\n<li>[17] Tara Salman, Maede Zolanvari, Aiman Erbad, Raj Jain, and Mohammed Samaka. Security services using blockchains: A state of the art survey. IEEE Communications Surveys &amp; Tutorials, 21(1):858\u2013880, 2018.<\/li>\n<li>[18] Paul J Taylor, Tooska Dargahi, Ali Dehghantanha, Reza M Parizi, and Kim-Kwang Raymond Choo. A systematic literature review of blockchain cyber security. Digital Communications and Networks, 6(2):147\u2013156, 2020.<\/li>\n<li>[19] Marcella Atzori. Blockchain technology and decentralized governance: Is the state still necessary? Available at SSRN 2709713, 2015.<\/li>\n<li>[20] Deepak Puthal, Nisha Malik, Saraju P Mohanty, Elias Kougianos, and Chi Yang. The blockchain as a decentralized security framework [future directions]. IEEE Consumer Electronics Magazine, 7(2):18\u201321, 2018.<\/li>\n<li>[21] Chi Yang, Deepak Puthal, Saraju P Mohanty, and Elias Kougianos. Big-sensing-data curation for the cloud is coming: A promise of scalable cloud-data-center mitigation for next-generation iot and wireless sensor networks. IEEE Consumer Electronics Magazine, 6(4):48\u201356, 2017.<\/li>\n<li>[22] Deepak Puthal, Rajiv Ranjan, Surya Nepal, and Jinjun Chen. Iot and big data: An architecture with data flow and security issues. In Cloud infrastructures, services, and IoT systems for smart cities, pages 243\u2013252. Springer, 2017.<\/li>\n<li>[23] Stefan K Johansen. A comprehensive literature review on the blockchain as a technological enabler for innovation. Dept. of Information Systems, Mannheim University, Germany, pages 1\u201329, 2018.<\/li>\n<li>[24] Tejal Shah and Shalilak Jani. Applications of blockchain technology in banking &amp; finance. Parul CUniversity, Vadodara, India, 2018.<\/li>\n<li>[25] Stefan Seebacher and Ronny Sch\u00fcritz. Blockchain technology as an enabler of service systems: A structured literature review. In International Conference on Exploring Services Science, pages 12\u201323. Springer, 2017.<\/li>\n<li>[26] Lawrence J Trautman. Is disruptive blockchain technology the future of financial services? 2016.<\/li>\n<li>[27] Ittay Eyal. Blockchain technology: Transforming libertarian cryptocurrency dreams to finance and banking realities. Computer, 50(9):38\u201349, 2017.<\/li>\n<\/ol>\n<\/div>\n\n\n\n<p><\/p>\n","protected":false},"author":3,"template":"wp-custom-template-detail-4-aricles","meta":{"_uag_custom_page_level_css":""},"categories":[1073,6,1077],"tags":[1160],"acf":[],"uagb_featured_image_src":[],"uagb_author_info":{"display_name":"\u6797\u923a\u6db5","author_link":"\/jase\/?author=3"},"uagb_comment_info":0,"uagb_excerpt":"&nbsp;Copyright&nbsp;The Author(s). This is an open access article distributed under the terms of the&nbsp;Creative Commons Attribution&nbsp;License (CC BY 4.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are cited. Download Citation:&nbsp; BibTeX | http:\/\/dx.doi.org\/10.6180\/jase.202108_24(4).0025&nbsp;&nbsp; Download PDF Blockchain has become one of the most common methods for securing&hellip;","_links":{"self":[{"href":"\/jase\/index.php?rest_route=\/wp\/v2\/tkuisotope\/5657"}],"collection":[{"href":"\/jase\/index.php?rest_route=\/wp\/v2\/tkuisotope"}],"about":[{"href":"\/jase\/index.php?rest_route=\/wp\/v2\/types\/tkuisotope"}],"author":[{"embeddable":true,"href":"\/jase\/index.php?rest_route=\/wp\/v2\/users\/3"}],"wp:attachment":[{"href":"\/jase\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5657"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"\/jase\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5657"},{"taxonomy":"post_tag","embeddable":true,"href":"\/jase\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5657"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}