CHAMA SYSTEM USING BLOCKCHAIN FOR VERIFICATION
WORD COUNT: (12491)
Product and Development files:
, ABSTRACT
A Chama system that uses blockchain for verification has been created to enable members’
records are well secured and maintained. This will allow transactions to be reviewed by the
majority member parties before being recorded in the ledger system, or the chama bookkeeping
platform. Essentially, it will be very difficult or even impossible to tamper with the files once
the transactions have been recorded. This therefore, brings about the key issue of blockchain
principles of data transparency and integrity, by securing all member transactions and records.
Its implementation will allow chama members to carry out their activities with maximum
assurance of funds and information security.
ii
, PREFACE
.
The main idea for this project originally stemmed from my passion for developing a verification system
that would be implemented by the investment groups within this locality. As we move forward with the
advancement in technology, there is need to improve on the way things operate for better future. It is my
passion to learn more and develop tools that can be used to achieve best results to break down
monopolies and dishonesty for future generations.
iii
, CONTENTS
Abstract ................................................................................................................................................... ii
Preface .................................................................................................................................................... iii
Acknowledgements ................................................................................ Error! Bookmark not defined.
Contents .................................................................................................................................................. iv
Table of figures...................................................................................................................................... vii
Table of tables ...................................................................................................................................... viii
1 Introduction ..................................................................................................................................... 1
2 Literature Review ............................................................................................................................ 4
2.1 Introduction ............................................................................................................................. 4
2.2 Computer security system ....................................................................................................... 4
2.3 Distributed ledger system ........................................................................................................ 6
2.4 Blockchain technology ............................................................................................................ 8
2.5 Chama system........................................................................................................................ 11
2.6 Key issues to use in the design and implementation ............................................................. 12
2.7 Conclusion ............................................................................................................................. 12
3 Methodology.................................................................................................................................. 13
3.1 Introduction ........................................................................................................................... 13
3.2 History of methodology ......................................................................................................... 13
3.3 Traditional methods ............................................................................................................... 13
3.3.1 The spiral method .......................................................................................................... 13
3.3.2 Rational Unified Process ............................................................................................... 14
3.4 Modern methodologies; ......................................................................................................... 16
3.4.1 Philosophy of agile methodology .................................................................................. 16
3.4.2 Advanced software development ................................................................................... 16
3.4.3 Extreme programming ................................................................................................... 16
3.4.4 Crystal methodology ..................................................................................................... 17
3.5 Most preferred methodology; ................................................................................................ 18
3.5.1 The waterfall method ..................................................................................................... 18
3.5.2 Reasons for selecting the waterfall method; .................................................................. 19
3.6 Conclusion ............................................................................................................................. 19
4 Requirements Analysis .................................................................................................................. 20
4.1 Introduction ........................................................................................................................... 20
4.2 Roles ...................................................................................................................................... 20
4.2.1 Administrator ................................................................................................................. 20
4.2.2 Chama members ............................................................................................................ 20
iv
WORD COUNT: (12491)
Product and Development files:
, ABSTRACT
A Chama system that uses blockchain for verification has been created to enable members’
records are well secured and maintained. This will allow transactions to be reviewed by the
majority member parties before being recorded in the ledger system, or the chama bookkeeping
platform. Essentially, it will be very difficult or even impossible to tamper with the files once
the transactions have been recorded. This therefore, brings about the key issue of blockchain
principles of data transparency and integrity, by securing all member transactions and records.
Its implementation will allow chama members to carry out their activities with maximum
assurance of funds and information security.
ii
, PREFACE
.
The main idea for this project originally stemmed from my passion for developing a verification system
that would be implemented by the investment groups within this locality. As we move forward with the
advancement in technology, there is need to improve on the way things operate for better future. It is my
passion to learn more and develop tools that can be used to achieve best results to break down
monopolies and dishonesty for future generations.
iii
, CONTENTS
Abstract ................................................................................................................................................... ii
Preface .................................................................................................................................................... iii
Acknowledgements ................................................................................ Error! Bookmark not defined.
Contents .................................................................................................................................................. iv
Table of figures...................................................................................................................................... vii
Table of tables ...................................................................................................................................... viii
1 Introduction ..................................................................................................................................... 1
2 Literature Review ............................................................................................................................ 4
2.1 Introduction ............................................................................................................................. 4
2.2 Computer security system ....................................................................................................... 4
2.3 Distributed ledger system ........................................................................................................ 6
2.4 Blockchain technology ............................................................................................................ 8
2.5 Chama system........................................................................................................................ 11
2.6 Key issues to use in the design and implementation ............................................................. 12
2.7 Conclusion ............................................................................................................................. 12
3 Methodology.................................................................................................................................. 13
3.1 Introduction ........................................................................................................................... 13
3.2 History of methodology ......................................................................................................... 13
3.3 Traditional methods ............................................................................................................... 13
3.3.1 The spiral method .......................................................................................................... 13
3.3.2 Rational Unified Process ............................................................................................... 14
3.4 Modern methodologies; ......................................................................................................... 16
3.4.1 Philosophy of agile methodology .................................................................................. 16
3.4.2 Advanced software development ................................................................................... 16
3.4.3 Extreme programming ................................................................................................... 16
3.4.4 Crystal methodology ..................................................................................................... 17
3.5 Most preferred methodology; ................................................................................................ 18
3.5.1 The waterfall method ..................................................................................................... 18
3.5.2 Reasons for selecting the waterfall method; .................................................................. 19
3.6 Conclusion ............................................................................................................................. 19
4 Requirements Analysis .................................................................................................................. 20
4.1 Introduction ........................................................................................................................... 20
4.2 Roles ...................................................................................................................................... 20
4.2.1 Administrator ................................................................................................................. 20
4.2.2 Chama members ............................................................................................................ 20
iv
