BlockChain Platforms in Financial Services: Current Perspective

Autor: Iker Pastor-López, Giuseppe Psaila, Pablo García Bringas
Rok vydání: 2020
Předmět:
Matching (statistics)
Blockchain
HF5001-6182
Smart contract
Computer science
BlockChain history
Economics
Econometrics and Finance (miscellaneous)
ComputingMilieux_LEGALASPECTSOFCOMPUTING
02 engineering and technology
smart contracts
Computer security
computer.software_genre
Management Information Systems
BlockChain characterization
perspective BlockChain in financial services
020204 information systems
Management of Technology and Innovation
0502 economics and business
0202 electrical engineering
electronic engineering
information engineering
Business
Financial services
050208 finance
l86
business.industry
05 social sciences
Perspective (graphical)
Virtual currency
Intervention (law)
ComputingMilieux_COMPUTERSANDSOCIETY
Settore ING-INF/05 - Sistemi di Elaborazione delle Informazioni
business
computer
Information Systems
Computer technology
Zdroj: Business Systems Research : International journal of the Society for Advancing Innovation and Research in Economy
Volume 11
Issue 3
Business Systems Research, Vol 11, Iss 3, Pp 110-126 (2020)
ISSN: 1847-9375
Popis: Background BlockChain technology was invented to support bitcoin, currently the most popular virtual currency. Objectives The purpose of this paper is to investigate contemporary BlockChain platforms in financial services. Methods/Approach An unstructured literature review has been used. Results BlockChain in financial services is mostly associated with bitcoin exchange. However, this is a partial view of both BlockChain technology and its possible adoption for financial services: in fact, many BlockChain platforms are now available and many different financial services can be effectively supported by BlockChain platforms, even though they are not based on virtual-money exchange. Furthermore, people are attracted by the concept of smart contract, i.e., a contract that is automatically executed by computer technology, without human intervention. Conclusions The contribution of this paper is twofold: first of all, we introduce the four BlockChain platforms that are now most popular, discussing how they support the smart contract concept; second, we identify some typical categories of financial services, matching each of them with the platform that provides the best support for each category.
Databáze: OpenAIRE
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