BLOCKCHAIN AND SMART CONTRACTS FOR FINANCIAL TRANSPARENCY AND RISK MITIGATION IN BANKING AND BUSINESS TRANSACTIONS
Oladipo Sopitan, Kayode S Adetola, Azeezat Wahab Morenikeji, Joye Ahmed Shonubi, Echezona Uzoma · International Journal of Blockchains and Cryptocurrencies · 2024
Blockchain combined with smart contracts in banking and business dealings has emerged as an innovative method to enhance financial transparency while reducing potential risks.The earlier decentralized immutable ledger known as blockchain ensures transaction security and verification while minimizing fraudulent activities and operational shortcomings.Smart contracts function as self-expiring agreements with Blockchain and Smart Contracts for Financial Transparency and Risk Mitigation in