The Future of Blockchain in Banking

Scientific Essay from the year 2018 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 3, , language: English, abstract: Blockchain technology which has been discovered almost a decade ago is one of the disruptive technology of the decade. Every industry is talking about it. It is the most versatile technology being used in almost every industry like pharma, cloud, retail, insurance, banking and so on. In this paper Blockchain technology has been discussed briefly highlighting its characteristics and features. The second section talks about Blockchain in Banking industry and its role and main benefits to this industry. Proceeding section lists out the banks who have successfully used Blockchain technology in their business. Third and fourth section talks about top five factors accelerating and hindering adoption of Blockchain technology and its impact on banking. Last section discusses the future of Blockchain technology in banking. All the points and aspects and have been carefully weighted and interpretation stated on why currently Blockchain cannot be adopted as mainstream technology. Keywords: Blockchain technology, Private Blockchain, Ledger, Decentralization, Dynamic Trust Management Method (DTMM), Public BlockchainOther Reads by the AuthorThe Trial of Hope (Amazon)An Alien Land (Kobo)2 Moms (Kobo)Unfolding Disaster (Kobo)Walk to School (Kobo)51 Points in Raising Awesome Kids (Kobo)Organic IT Infrastructure Planning and Implementation (Amazon)Grin BooksPositive Employee Recruitment and Retention Vital for OrganizationsDigital India Mission. Implications on Social Inclusion and Digital CitizenshipCloud Computing. DDoS, Blockchain, Regulation and ComplianceOrganic eLearning (OE-Learning)The Way of Prime Minister Narendra Modi's LeadershipFeasibility Study between Continuous Adaptive Risk and Trust Assessment and Organic NetworksI am my supervisor’s slave: Supervisor subordinate relationship is vital for organizational efficiencyBrands and their Shockvertisement StrategiesThe Future of Blockchain in BankingSocial Media Marketing: Author’s Quandary Decoded (Amazon)