BLOCKCHAIN AND FINANCIAL SERVICES

Dr. Mital Bhayani Associate Professor, Sanjivani College of Engineering, Maharashtra, India
Miss. Madhuri Sancheti Student, Masters of Business Administration, Sanjivani College of Engineering, Maharashtra, India
Miss. Varsha Dhokrat Student, Masters of Business Administration, Sanjivani College of Engineering, Maharashtra, India
Miss. Pratiksha Pande Student, Masters of Business Administration, Sanjivani College of Engineering, Maharashtra, India
Miss. Swati Sharma Student, Masters of Business Administration, Sanjivani College of Engineering, Maharashtra, India

Abstract

Abstract: A blockchain is an ordered, decentralized and immutable ledger which allows a recording of transactions in a network. Over the years, it is projected that blockchain has emerged to be a technology that can be applied in various sectors. It can be said that these technology will allow the transactions to be simple, effective, safe, and cheap. The main aim of this research was to study the possible impacts of blockchain in Financial Services along with its challenges and limitations. The outcome would include a good explanation of blockchain technology, how it works, future implementation of this technology in financial services and its challenges.

 

 

 

Keywords:

Blockchain, Decentralized, immutable ledger, etc

 

 

 


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References


[1]. Spencer Bogart and Kerry Rice, October 21, 2015, The Blockchain Report: Welcome to the Internet of Value, Needham
[2]. Christidis, & Devetsikiotis & Porru, July 2019,A Review of Blockchain Technology and its applications in the Business Environment, ResearchGate
[3]. Satoshi Nakamoto, 2008, Bitcoin: A Peer-to-Peer Electronic Cash System,www.bitcoin.org
[4]. Michael Crosby, June 2, 2016,Blockchain Technology: Beyond Bitcoin, Applied Innovation Review
[5]. Glaser & Bezzenberger; Tapscott & Tapscott, 2018,The Generic Blockchain Ecosystem and its strategic Implications, Twenty-fourth American Conference on Information Systems, New Orlean

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