A Blockchain Network for Application for the Secure Goods and Services Tax Transaction Based on Hook Curve Revised Hash Authentication

Abstract

The proposed work presents a block chain-based solution for secure Goods and Services Tax (GST) transactions, leveraging Hook Curve Revised Hash Authentication (HC-RHA) to enhance data security. The proposed system ensures transparency, security and decentralization in GST transaction processing by utilizing block chain technology to prevent unauthorized data tampering. One Time Padding Encryption Crypto Policy (OTPCP) is applied for secure data transmission. This approach is based on a Pre-Acknowledgment Proof of Authority (PoA-PA) model that makes up the block chain network and it ensures validation and trust between nodes through analysis of Mutual Trust Node Behavioral Rate (MTNBR). This approach shows gives improvements in trust, security and transaction validation. Performance results show that nodes with the highest historical performance and recent activity obtain higher trust scores with a validation time ranging from 9 to 14 ms. HC-RHA offers an efficient hash time ranging between 1.8ms and 3.0ms without any collisions found. The OTPCP encryption achieves 99.9% security, and the Proof of Authority (PoA) mechanism depicts optimized energy consumption and processing time. The system has a high transaction throughput of 2000 transactions per second with low latency and an excellent overall security efficiency of 99.92%.