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Blockchain Technology and Its Applications in Banking.

Authors :
Goda, Nirav Rashmikant
Source :
Library of Progress-Library Science, Information Technology & Computer; Jul-Dec2024, Vol. 44 Issue 3, p17582-17585, 4p
Publication Year :
2024

Abstract

Blockchain technology has emerged as a transformative force within the banking sector. It promises to enhance the transparency, security, and efficiency of banking operations by offering a decentralized ledger system. This paper explores the potential applications of blockchain technology in banking, focusing on key areas such as payments, regulatory compliance, fraud prevention, and cross-border transactions. The study aims to investigate how blockchain can reshape the future of banking, providing a comprehensive analysis of its benefits, challenges, and long-term impact. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
09701052
Volume :
44
Issue :
3
Database :
Complementary Index
Journal :
Library of Progress-Library Science, Information Technology & Computer
Publication Type :
Academic Journal
Accession number :
180918803