Blockchain Technology, originally developed for Cryptocurrency as a bitcoin, has emerged as a transformation strength in the financial industry. The decentralized, transparent and safe nature addresses the many disabilities and weaknesses in traditional economic systems. This article examines the effect of blockchain in the financial sector, which focuses on applications, benefits, challenges and future ability. By enabling quick and cheap border payments to bring revolution in asset management and compliance with regulations, blockchain is again for the economic landscape.

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Effect of Blockchain in the Financial Industry

  • Anber Abraheem Shlash Mohammad,
  • Suleiman Ibrahim Shelash Mohammad,
  • Asokan Vasudevan,
  • Khaleel Ibrahim Al-Daoud,
  • Haneen Alzoubi,
  • Anas Y. AlHadid,
  • Annie Wang Pei Ling,
  • Ali Mahmou d Abdallah Alrabei,
  • Muhamad Saufi Che Rusuli

摘要

Blockchain Technology, originally developed for Cryptocurrency as a bitcoin, has emerged as a transformation strength in the financial industry. The decentralized, transparent and safe nature addresses the many disabilities and weaknesses in traditional economic systems. This article examines the effect of blockchain in the financial sector, which focuses on applications, benefits, challenges and future ability. By enabling quick and cheap border payments to bring revolution in asset management and compliance with regulations, blockchain is again for the economic landscape.