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ANALYSIS OF APPLICATION OF BLOCKCHAIN TECHNOLOGIES FOR THE BANKING SECTOR

Journal: International scientific journal "Internauka." Series: "Economic Sciences" (Vol.1, No. 43)

Publication Date:

Authors : ; ;

Page : 33-41

Keywords : blockchain technologies; banking sector; economic development; smart contracts; fintech startups;

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Abstract

The article considers the essence of blockchain technology and the possibility of its application in the banking sector. The current state of development and application of blockchain technologies in various industries is analyzed. The pros and cons of using blockchain technologies for the banking sector are identified. Emphasis is placed on the role of blockchain technologies in the further development of the banking sector. The most promising directions of development of this technology are considered. Particular attention is paid to examples of the use of blockchain technology by global banking institutions.

Last modified: 2021-03-19 23:06:35