Block Chain Technology Application to the Banking Sector

Around the world, digital technology is a new disruptive factor that is changing business paradigms and becoming more significant. In India, block chain technology is attracting a lot of attention from a variety of industries. As the number of uses for block chain technology grows, industry leaders...

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Bibliographic Details
Published in:2023 International Conference on Artificial Intelligence and Smart Communication, AISC 2023
Main Author: Alwi S.; Malan I.N.B.; Yusof S.H.; Mustafa M.
Format: Conference paper
Language:English
Published: Institute of Electrical and Electronics Engineers Inc. 2023
Online Access:https://www.scopus.com/inward/record.uri?eid=2-s2.0-85153484038&doi=10.1109%2fAISC56616.2023.10085346&partnerID=40&md5=f6f0c000efbd4434ccba8f5d19681eef
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Summary:Around the world, digital technology is a new disruptive factor that is changing business paradigms and becoming more significant. In India, block chain technology is attracting a lot of attention from a variety of industries. As the number of uses for block chain technology grows, industry leaders are adapting and customizing the technology to fit a range of use cases. The next development in the decentralized method for designing applications is due to the Block chain technology. This essay seeks to describe both the structure and operation of the block chain technology. Along with the Block chain 's numerous features, its advantages are also explored. For a select few banking transactions, the use cases and block chain suitability assessments have also been completed. We also look at the Block chain 's security features in the final segment. © 2023 IEEE.
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DOI:10.1109/AISC56616.2023.10085346