There is prevalent conformity that the technology has powerful potential to herald a new age of efficiency in the financial service industry. Block chain is undeniably one of the most talked-about technologies in the present financial service industry. Block chain has the potential to provide extraordinary transaction security through cryptography that avoids costly mainframes, data centers and other intermediaries for online financial transactions.
Banks and other financial service organizations have already experimenting with crypt o currency and Block chain technology. It is expected that Block chain have major impact, especially on financial services industry due to its ability to reduce transaction costs. Financial services firms have also entered the block chain space as investors, with corporate venture capitalists becoming the most active investors in bitcoin and block chain technology. With this article I have made an attempt to present the concept of Block chain technology and its essentials, impact of Block chain technology on the financial services sector.
By Dr. Muneendra Kayam" Blockchain Technology: An Approaching Game Changer in Financial Service Industry"
Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-2 | Issue-5 , August 2018,
Paper URL: http://www.ijtsrd.com/papers/ijtsrd15928.pdf
Direct URL: http://www.ijtsrd.com/management/innovation-and-product-dev/15928/blockchain-technology-an-approaching-game-changer-in-financial-service-industry/dr-muneendra-kayam
peer reviewed international journal, ugc approved journal, indexed journal
Banks and other financial service organizations have already experimenting with crypt o currency and Block chain technology. It is expected that Block chain have major impact, especially on financial services industry due to its ability to reduce transaction costs. Financial services firms have also entered the block chain space as investors, with corporate venture capitalists becoming the most active investors in bitcoin and block chain technology. With this article I have made an attempt to present the concept of Block chain technology and its essentials, impact of Block chain technology on the financial services sector.
By Dr. Muneendra Kayam" Blockchain Technology: An Approaching Game Changer in Financial Service Industry"
Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-2 | Issue-5 , August 2018,
Paper URL: http://www.ijtsrd.com/papers/ijtsrd15928.pdf
Direct URL: http://www.ijtsrd.com/management/innovation-and-product-dev/15928/blockchain-technology-an-approaching-game-changer-in-financial-service-industry/dr-muneendra-kayam
peer reviewed international journal, ugc approved journal, indexed journal
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