FinBTech: Blockchain-Based Video and Voice Authentication System for Enhanced Security in Financial Transactions Utilizing FaceNet512 and Gaussian Mixture Models (2310.18668v1)

Abstract: In the digital age, it is crucial to make sure that financial transactions are as secure and reliable as possible. This abstract offers a ground-breaking method that combines smart contracts, blockchain technology, FaceNet512 for improved face recognition, and Gaussian Mixture Models (GMM) for speech authentication to create a system for video and audio verification that is unmatched. Smart contracts and the immutable ledger of the blockchain are combined to offer a safe and open environment for financial transactions. FaceNet512 and GMM offer multi-factor biometric authentication simultaneously, enhancing security to new heights. By combining cutting-edge technology, this system offers a strong defense against identity theft and illegal access, establishing a new benchmark for safe financial transactions.