Blockchain in Finance
Keywords:
blockchain, Bitcoin, finance, banking
Abstract
Blockchain is basically a ledger of recorded financial transactions. This ledger is distributed, published, and stored in multiple locations. Blockchain is a decentralized record-keeping system that documents all transactions that happened on it. It facilitates safe, easy transactions, and builds trust between trading partners. When trust in the central hubs of finance is being increasingly questioned, decentralized systems like the blockchain that reduce the need for such trust become attractive. Blockchain provides a potentially attractive alternative way to organize modern finance. This paper provides a primer on the use of blockchain technology in finance.
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https://medium.com/unidocore/why-blockchain-is-the-future-of-finance-and-how-it-affects-the-global-economy-8e24c33ade0b
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4. P. di Torino, “Blockchain in finance,” https://webthesis.biblio.polito.it/21440/1/tesi.pdf
5. S. Depolo, “Why you should care about blockchains: the non-financial uses of blockchain technology,” March 2016,
https://www.nesta.org.uk/blog/why-you-should-care-about-blockchains-non-financial-uses-blockchain-technology
6. O. Bheda, “What is blockchain?” https://builtin.com/blockchain
7. M. Iansiti and K. R. Lakhani, “The truth about blockchain,” Harvard Business Review, Jan./Feb. 2017.
https://hbr.org/2017/01/the-truth-about-blockchain
8. W. T. Tsai et al., “A system view of financial blockchains,” Proceedings of IEEE Symposium on Service-Oriented System Engineering, 2016, pp. 450-457.
9. “5 Common blockchain applications in financial services,”
https://www.hydrogenplatform.com/blog/5-common-blockchain-applications-in-financial-services
10. “Blockchain in finance: What it is and how it’s used,”
https://builtin.com/blockchain/blockchain-banking-finance-fintech
11. L. Daly, “Uses for blockchain in the financial services industry,” July 2022,
https://www.fool.com/investing/stock-market/market-sectors/financials/blockchain-stocks/blockchain-in-finance/
12. “The power of blockchain technology and its revolutionary uses in the financial sector,” February 2022,
https://www.salesforce.com/eu/blog/2020/02/how-financial-services-are-implementing-blockchain-technology.html
13. “How is blockchain revolutionizing banking and financial markets,” July 2018,
https://hackernoon.com/how-is-blockchain-revolutionizing-banking-and-financial-markets-9241df07c18b
14. “What are the benefits of blockchain in finance?”
https://consensys.net/blockchain-use-cases/finance/
15. “Knowledge byte: The real benefits of blockchain,”
https://www.cloudcredential.org/blog/who-participates-in-a-blockchain-network-and-what-are-its-benefits/
16. “Exploring the benefits of blockchain in trade finance,”
https://vegavid.com/blog/blockchain-in-trade-finance-benefits/
17. “Blockchain technology: Challenges and limitations,”
https://www.researchgate.net/figure/Blockchain-technology-challenges-and-limitations_fig8_322814269 TRADE 00000000000
18. H. Mohamed and H. Ali, Blockchain, Fintech, and Islamic Finance: Building the Future in the New Islamic Digital Economy. De Gruyter, 2018.
19. S. S. Smith, Blockchain, Artificial Intelligence and Financial Services: Implications and Applications for Finance and Accounting Professionals. Springer, 2020.
20. E. Hofmann, U. M. Strewe, and N. Bosia, Supply Chain Finance and Blockchain Technology:The Case of Reverse Securitisation. Springer, 2017.
21. D. L. K. Chuen and R. H. Deng. Handbook of Blockchain, Digital Finance, And Inclusion: Cryptocurrency, Fintech, Insurtech, Regulation, Chinatech, Mobile Security, And Distributed Ledger. Academic Press, 2017.
22. A. Tapscott, Financial Services Revolution: How Blockchain is Transforming Money, Markets, and Banking. Barlow Book Publishing, 2020.
23. P. Martino, Blockchain and Banking: How Technological Innovations Are Shaping the Banking Industry. Springer, 2021.
24. I. Roy, Blockchain Development for Finance Projects: Building Next-generation Financial Applications Using Ethereum, Hyperledger Fabric, and Stellar. Packt Publishing, 2020.
25. U. Hacioglu (ed.), Blockchain Economics and Financial Market Innovation Financial Innovations in the Digital Age. Springer, 2019.
26. M. C. M. Metzger, Blockchain Banking: The Future Of Money and Finance. Books on Demand, 2023.
Published
2023-09-05
How to Cite
Matthew N. O. Sadiku, Uwakwe C. Chukwu, & Janet O. Sadiku. (2023). Blockchain in Finance. International Journal on Economics, Finance and Sustainable Development, 5(9), 20-30. https://doi.org/10.31149/ijefsd.v5i9.4766
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