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ISSN 2063-5346
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IMPLEMENTATION OF BLOCKCHAIN IN FINANCIAL SECTOR TO IMPROVE SCALABILITY

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L. Manikandan, B. Keerthi, M. Vijayalakshmi, M. Harisha
» doi: 10.31838/ecb/2023.12.s3.337

Abstract

Cryptocurrencies open transaction ledger was first powered by blockchain technology. Blockchain technology is already being investigated for a broad range of additional uses outside of cryptocurrencies because to its distinctive mix of security, decentralization, anti-tampering properties, transparency. These are the qualities that are especially beneficial for most of the major issues which are happening in the financial sector encounters. So, blockchain technology has the capability to completely transform the financial industry by altering how various financial services are provided. We describe five major financial industry use cases that the implementation of blockchain technology is expected to significantly affect in this post.

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