Block Chain Technology Application to the Banking Sector

• 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

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.