Fund Transfer using Block-chain application

Abstract: Abstract uses blockchain technology to reduce the efficiency and cost of fund transfers. Blockchain offers important properties such as record immutability and decentralization that apply to subsequent transactions. By eliminating intermediaries during transactions and speeding up the process, this process can represent a fundamental change in the way things are done. Ethereum aims to use blockchain technology to create a decentralized treasury transfer application. By following contract restrictions, the use of smart contracts facilitates the elimination of intermediaries. Index Terms: Blockchain, Smart-contract, Ethereum, Fund Transfer