Blockchain - A Disruptive Technology In Financial Assets
  • Author(s): Betty Jepkemei ; Andrew Kipkebut
  • Paper ID: 1701014
  • Page: 38-47
  • Published Date: 16-03-2019
  • Published In: Iconic Research And Engineering Journals
  • Publisher: IRE Journals
  • e-ISSN: 2456-8880
  • Volume/Issue: Volume 2 Issue 9 March-2019
Abstract

Blockchain as technology promises to be a hugely disruptive and empowering technology both in public and private finance applications. As a method to order transactions in a distributed ledger, blockchains offer a record of consensus with a cryptographic audit trail that can be maintained and validated by multiple nodes. It lets contracting parties dynamically track assets and agreements using a common protocol, thus streamlining and even completely collapsing many in-house and third-party verification processes. Block chain originally conceived as the basis of cryptocurrencies, aspects of blockchain technology have far-reaching potential in finance. Although it promises a secure distributed framework to facilitate sharing, exchanging, and the integration of information across all users and third parties, it is important for stakeholders to analyze it in depth for its suitability in business applications. There is a wide spectrum of blockchain applications ranging from cryptocurrency, financial services, risk management among others ,however there is no comprehensive survey on the blockchain as disruptive technology in finance and its application, To fill this gap, we conduct a comprehensive survey on the blockchain technology, its challenges , advances in managing these challenges and the future of block chain technology in the financial industry.

Keywords

Blockchain; Consensus Algorithms; Cryptocurrency; Finance

Citations

IRE Journals:
Betty Jepkemei , Andrew Kipkebut "Blockchain - A Disruptive Technology In Financial Assets" Iconic Research And Engineering Journals Volume 2 Issue 9 2020 Page 38-47

IEEE:
Betty Jepkemei , Andrew Kipkebut "Blockchain - A Disruptive Technology In Financial Assets" Iconic Research And Engineering Journals, 2(9)