200

N. Surekha et al.

Fig. 8 BCT enabled identity management and credit report management systems

through hashing, and as such, the transaction cannot be completed if it is not in sync

with the previous step, resulting in a foolproof method of transacting.

4.7

Loan Process

The lending platforms of banks are ever busy since a considerable amount of transac-

tions fall under the retail lending category. Typically, the loan funds available under

the umbrella of retail loans include housing loans, consumption loans for durable

commodities, car loans, education loans, personal loans, and credit cards. The loan

values of these retail lending are increasing multifold.