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The Pros and Cons of Implementing Blockchain Technology in the Financial Services Sector
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| 1.1 MB | Adobe PDF |
Autores
Orientador(es)
Resumo(s)
With the constant advancements in blockchain technology, finance work has
significantly benefitted. In this case, the study explores the intricacies surrounding introducing
and implementing blockchain technology in the finance sector. The decentralization feature of
blockchain technology makes it easier for cyber security operations such as secure, fast, and
transparent transactions and contracting. Despite the mentioned advantages, the technology
also faces limitations, including drawbacks such as fear of the workforce, fear of job loss to
artificial intelligence, complexity of implementation, and most importantly, loopholes in the
regulations. Blockchain technology has, therefore, spurred the integration and
implementation of financial innovations in the decentralized finance realm. Implementing
blockchain technology would streamline online financial operations, increasing overall
efficiency and reducing relative risks. The study employs a systematic literature review process
to ensure no data is overlooked. Therefore, the study`s main objective is to unravel the
intricacies in the interplay between blockchain technology and the decentralized finance
world. In summary, as much as the results point towards decentralized finance presenting
positive input in the finance world, it is still early to tell as technology advances fast and cannot
be forecasted.
Descrição
Dissertation presented as the partial requirement for obtaining a Master's degree in Data Science and Advanced Analytics, specialization in Business Analytics
Palavras-chave
Blockchain Finance Innovation Regulation Education Transparency Decentralization SDG 8 - Decent work and economic growth SDG 9 - Industry, innovation and infrastructure SDG 16 - Peace, justice and strong institutions