Publication: Demystifying blockchain adoption in financial sector�A critical analysis
Loading...
Date
2023
Authors
Journal Title
Distributed Computing to Blockchain: Architecture, Technology, and Applications
Journal ISSN
Volume Title
Publisher
Elsevier
Abstract
Blockchain technology has shown to be effective at verifiably transporting �data� across a decentralized network and thus is moving ahead in unswervingly plumbing the financial sector and money. It can be a catalyst for change in the world of finance and money, but the broader adoption rests on how well the technical, commercial, and public policy hurdles are addressed. Financial sector challenges if properly managed can become the blockchain potential opportunities. Blockchain is the disruptive technology with highly distinguished characteristics especially the eradication of third-party intermediaries and removal of central authorities in any transactions. However, it is impossible to assume that any technology would be immune to difficulties and threats. This article is an attempt to jot down significant usages and scopes in addition to the difficulties and problems to be addressed for successful integration to take place. � 2023 Elsevier Inc. All rights reserved.
Description
Keywords
Blockchain technology, Consensus process, Digitalization, DLT, Financial services, Financial technology