Abstract:
"
This project – Employees’ Trust Fund Assistant (ETFA) proposes a new optimization system
based on blockchain to solve the issues faced by financial sector while handling ETF transactions.
Looking at the existing system which has been utilized by the labour department of Sri Lanka for
the past few years, it is built upon a centralised system which confronts issues such as security and
data storage. The project objectives are to develop a decentralized system with a hierarchical
structure centred upon blockchain which provide transparency, data security and ownership. This
Digital solution offers promising possibilities for employers and employees to handle their ETF
funds by connecting multiple parties. When talking about blockchain, it has been integrated into
this project to help serve the purpose of prevent hacking by not granting anyone to change or
update fund transfers. "
