Contribution Of Block Chain Technology To The Banking Sector
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Date
2024-03-01
Authors
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Journal ISSN
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Publisher
جامعة الوادي University Of Eloued
Abstract
Block Chain technology allows the storage and transmission of information in digital
format without any intervention from trusted third parties (Middle Man), it is also
characterized by decentralization and the ability to manage a large number of databases
distributed around the world. .
It has numerous advantages that can improve several sectors such as finance, health,
politics, insurance, energy, etc.
The financial sector is one of the sectors most impacted by this technology. The latter uses
the P2P protocol which could facilitate the process of transactions while lowering their
relative costs and reducing the time for their completion.
The purpose of this communication is to highlight the opportunities that block chain
technology could bring to the operation of banks.
Description
Keywords
Block Chain technology, banks, crypto currency, transactions
Citation
Kansab ,Jamila. Contribution Of Block Chain Technology To The Banking Sector . Journal of Economics and Sustainable Development . Vol. 07. N. 01. 01 march2024. faculty of economie commercial and management sciences. [visitedin ../../….]. availablefrom[copy linkhere]