ABSTRACT

Blockchain network and technology is a peer-to-peer distributed system that operates in a decentralized manner. The two concepts enable to create a secure environment and allow users to exchange transactions, contracts and data thereby establishing trust amongst the users. The current study aims to investigate the issues faced in the financial sector by means of applying blockchain technology. For this, the current study provides an overview of blockchain technology and analyze the major issues and challenges faced in financial sector due to the application of the blockchain technology. It is believed that traditional system tends to be cumbersome, error-prone and slow and unsafe, in contrast, users find the blockchain as cheaper, transparent and more effective. Particularly blockchain technology provides the banking sector, security, performance, and cost reduction in many of their processes and provides quality of services to their users.

摘要

区块链网络和技术是一种以去中心化方式运行的点对点分布式系统。这两个概念能够创建一个安全的环境，并允许用户交换交易、合同和数据，从而在用户之间建立信任。本研究旨在通过应用区块链技术来调查金融领域面临的问题。为此，本研究对区块链技术进行了概述，并分析了区块链技术应用在金融领域面临的主要问题和挑战。人们认为，传统系统往往繁琐、容易出错、缓慢且不安全，相比之下，用户发现区块链更便宜、透明且更有效。特别是区块链技术为银行业提供了安全性、性能、