Ledger Technology of Blockchain and its Impact on Operational Performance of Banks: A Review

Abstract

The distributed ledger technology eliminates third party providers from the transaction system to enhance strength and store information using digital storage techniques. In this research paper, we incorporate distributed ledger technology and Blockchain for secure financial transactions. This technology protectively transfers information and solves other issues. It carries an extra investigation process in a smart logistic area to enhance the overall system. This research paper follows some steps to generate an infrastructure that contains four major elements. These are - input, analysis, evolution, and output. It is also useful to implement a peer-to-peer networking approach in digital currency modules. It helps to transfer currency from one account to another with more stability and security. Here researchers also provide bitcoin techniques for the international market using Blockchain and distributed ledger technology. It is applicable for the KYC system and data management. In this paper, we provide a detailed literature review on this topic and generate an evolution table. This research paper’s verification table contains the frequency of each component selected from previously published research papers. The discussion part of the paper provides a helpful approach to manage transformation data using private as well as public Blockchain.