Prospects of Blockchain Technology in Finance Sustainability
Gurpreet Kaur, Mehak Bansal, Taranpreet Kaur · Advances in finance, accounting, and economics book series · 2023
Blockchain technology is a multidisciplinary approach that is growing fast in the economy. The attributes possessed by blockchain are evident in many sectors in the economy such as banking, financial services, innovation, creativity, etc. Blockchain has brought out a revolutionary change in the economy as it provides transparency, cost efficiency, accuracy. Application of blockchain technologies in finance will help in attaining sustainability. The chapter provides comprehensive review of past studies on the role of blockchain technologies in financial services and in enhancing financial performances. The study will provide better insights to the managers of the financial institutions regarding the pros and cons of blockchain technology.