Blockchain Applications in Banking Industry: A Mini-Review

Finance Educator: Courses Pub Date : 2020-02-16 DOI:10.2139/ssrn.3539152

Salah Albeshr, Haitham Nobanee

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引用次数: 4

Abstract

Briefly, Block-chain technology is a technology in which digital information is stored in a public shared data-base. This technology got famous mainly after introducing the first cryptocurrency which is the Bitcoin. The bitcoin uses this technology in keep tracking the records securely. First, this paper will give a brief idea about blockchain generally and show how it works. Then, it will discuss some general applications of blockchain. In addition to making a mini-review of this technology generally and especially in the banking industry. Like other services and products, which have been completely changed because of “digitalization and technology”, such as; shopping, ordering and delivering food, movies and TV industry, navigation services… etc. Blockchain can completely change and transform the banking services because it has High security, high transaction transparency, decentralized system and can achieve transactions more efficiently. In addition, the correlation between blockchain technology, Fin-Techs and sustainability will be discussed. Finally, the expected future and the challenges of accepting and implementing blockchain technology in the financial industry and services will be discussed.

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区块链在银行业的应用:一个小回顾

简而言之，区块链技术是一种将数字信息存储在公共共享数据库中的技术。这项技术主要是在引入第一个加密货币比特币之后出名的。比特币使用这种技术来安全地跟踪记录。首先，本文将简要介绍区块链的总体概念，并展示它的工作原理。然后，讨论区块链的一些一般应用。除了对这项技术进行概述，特别是在银行业中。像其他服务和产品一样，由于“数字化和技术”而完全改变了，例如;购物、订餐和送餐、影视行业、导航服务等。区块链可以彻底改变和改造银行服务，因为它具有高安全性，高交易透明度，分散的系统，可以更有效地实现交易。此外，还将讨论区块链技术、Fin-Techs与可持续性之间的关系。最后，将讨论在金融行业和服务中接受和实施区块链技术的预期未来和挑战。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Finance Educator: Courses

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