Research Area: Blockchain Technology
The study aims to assess the impact of blockchain technology in the banking sector. Blockchain technology is considered as one of the revolutionary technology that provides several benefits to the banking sector. Infrastructure, channel, platforms, and scenarios are the four vintages considered a great success of internet finance. Blockchains are known as evolving technology that has brought attention from energy suppliers, start-ups, and developers of technologies. The technology has brought several benefits to innovate new procedures by reducing financial constraints. Blockchain technology ensures transparency and a secure system for business solutions. In addition, it works for the energy sector as well as the state of the by reviewing present business perspectives along with the cases and literature. However, the issues involved in blockchain scalability, the systems are essential in adapting and improving the process. Apart from these, cryptocurrencies like Bitcoin have become a major idea in the current business world. The issues include time consumed to put a transaction in the block and time consumed for reaching a consensus.
Keywords:
Author(s) Name: Malkar Vinod Ramchandra, Krishan Kumar, Abhijit Sarkar, Samrat Kr. Mukherjee, Kirti Agarwal
Journal name: Materials Today: Proceedings
Conferrence name:
Publisher name: ELSEVIER
DOI: 10.1016/j.matpr.2021.11.554
Volume Information: Volume 56, Part 4, 2022, Pages 2221-2226
