Smart Contract Applications Via Block Chain Technology To Support And Enhance Digital Financial Inclusion
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Date
2024-09-01
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جامعة الوادي University of Eloued
Abstract
We aim through the research paper to present the contributions of
block chain technology in achieving digital financial inclusion. This
technology is considered one of the most important innovations of the
digital revolution in the past two decades, and it is expected to have a
similar impact to that of the internet when it first emerged. Its uses have
quickly multiplied in various sectors, as it enables transparent transactions
in a faster and more cost-effective manner, with easier and more secure
means that help in digital transformation and the transition to smart systems.
Based on this, this study comes to understand the role of block chain
technology in promoting financial inclusion and implementing it in reality.
Smart contracts reshape traditional industrial and commercial processes, as
well as public electronic services, as they are an integral part of block chain
networks. Smart contracts automatically execute contractual terms without
the need for a trusted third party's intervention. As a result, smart contracts
can reduce the burden of management operations, save service costs,
improve the efficiency of business processes, and reduce risks in various
important sectors of individuals lives.
Description
Keywords
blockchain, financial inclusion, digital dransformation, smart contracts
Citation
Guettaf, Mohamed Zoheir . Derbali , Siham. Smart Contract Applications Via Block Chain Technology To Support And Enhance Digital Financial Inclusion . Journal of Economics and Sustainable Development . Vol. 07. N. 02. 01 september2024. faculty of economie commercial and management sciences. university of el oued [visitedin ../../….]. availablefrom[copy linkhere].