The cheque based banking transactions are widely used all over the world. The reason is that it is a hustle free and trusted way of money transaction. The existing cheque settlement process involves manual processing of submitted cheques, and large amounts of time for clearance. This paper proposes a framework to automate the cheque settlement process. This framework proposes cheque generation, cheque processing and cheque settlement process through online and physical modes. The proposed framework is based on blockchain technology, where the blockchain network brings all different banks on a common platform i.e. the e-cheque issued from one bank can be submitted to any other bank in any mode of operation either physical or online. The proposed framework comprises a novel trust based consensus mechanism for block mining. The proposed consensus approach outperforms the existing proof-of-work based approach by reducing consensus time by 25%. The proposed framework can partially transform the current banking system over the blockchain. Security threats and vulnerability of the proposed framework is also discussed in this paper.

基于支票的银行交易在世界范围内广泛使用。原因是这是一种忙碌的，自由的，可信赖的货币交易方式。现有的支票结算流程涉及人工处理已提交的支票，以及大量的清关时间。本文提出了一个自动执行支票结算流程的框架。该框架通过在线和物理模式提出支票生成，支票处理和支票结算过程。所提出的框架基于区块链技术，其中区块链网络将所有不同的银行带到一个公共平台上，即，可以从任何一家银行发出的电子支票以任何物理或在线操作方式提交给任何其他银行。所提出的框架包括用于区块挖掘的新颖的基于信任的共识机制。提议的共识方法将共识时间减少了25％，胜过了现有的基于工作量证明的方法。拟议的框架可以部分改变区块链上的当前银行系统。本文还讨论了所提议框架的安全威胁和脆弱性。