Potential of Blockchain Technology in the Financial Services Sector


Blockchain is a disruptive technology that is going to bring about fundamental changes to the financial services sector as well as to other sectors. It has tremendous potential to change the activities of the financial and banking sector. This technology provides decentralized peer-to-peer cash flow at very high speed and at lesser cost, which will result in tremendous savings for the financial services sector. At the same time, it may displace numerous entities in this sector. In this paper, the researchers have portrayed a holistic picture of Blockchain technology in the financial services sector.

Keywords: Blockchain, Distributed ledger, Technology, Digital currency, Banking and financial service sector.

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