Technical Insights on Blockchain's Role in Financial Systems
Cryptography and Security
2024-12-18 v1 Computational Engineering, Finance, and Science
Emerging Technologies
Abstract
This research provides a critical analysis regarding the way blockchain is being implemented in the financial industry, highlighting its vital role in promoting green finance, guaranteeing compliance with regulations, improving supply chain finance, boosting decentralized finance (DeFi), and strengthening the Internet of Things (IoT). It discusses how blockchain's inherent attributes could significantly boost transparency, operational efficiency, and security across these domains while also addressing the pressing challenges of scalability, system integration, and the evolving regulatory landscape.
Keywords
Cite
@article{arxiv.2412.12131,
title = {Technical Insights on Blockchain's Role in Financial Systems},
author = {Ishan Patwardhan and Sunil Mane and Nidhi Patel},
journal= {arXiv preprint arXiv:2412.12131},
year = {2024}
}
Comments
Published in International Journal of Scientific and Engineering Research