The BLOCKCHAIN-POWERED CLOUD BUSINESS INTELLIGENCE FOR FINANCIAL RISK MANAGEMENT, BUDGET OPTIMIZATION, AND ACCOUNTING SIMULATIONS USING ANEKA

BLOCKCHAIN-POWERED CLOUD BUSINESS

Abstract

Background Information: Blockchain technology, Cloud BI, and Aneka have emerged as key innovations to enhance financial risk management, budget optimization, and accounting simulations. Blockchain’s decentralized and secure structure ensures data integrity, while Cloud BI enhances real-time analytics, and Aneka enables scalability, making this combination ideal for financial operations.

Objectives: The primary objective is to improve financial decision-making through enhanced risk management, cost optimization, and secure accounting simulations by integrating Blockchain, Cloud BI, and Aneka. The system aims to enhance efficiency, scalability, and accuracy while ensuring robust data security.

Methods: The proposed method integrates Blockchain’s secure ledger, Cloud BI’s data analytics, and Aneka’s cloud scalability. Smart contracts automate financial processes, while AutoML optimizes predictive accuracy. The performance metrics are evaluated using key financial operations metrics such as efficiency, accuracy, and cost reduction.

Results: The Full Model achieves high performance, with efficiency (0.95), accuracy (0.97), and cost reduction (20.5%), demonstrating significant improvements in financial risk management, budget optimization, and accounting simulations.

Conclusion: This study demonstrates that integrating Blockchain, Cloud BI, and Aneka improves financial processes, offering secure, scalable, and efficient solutions. Future research could incorporate AI and blockchain interoperability to further enhance the system’s predictive and cross-chain financial transaction capabilities.