| Popis: |
In India, banks are among the best-known and most significant financial intermediaries. Since liberalization, the way the financial system functions has undergone a few significant modifications. Innovation and banking are closely intertwined, and advancements have significantly transformed banking over time. Blockchain, the technology behind the well-known digital currency "Bitcoin," is innovative in many ways. Blockchain technology has the potential to disrupt financial industry applications because it provides extremely reliable and secure records of transactions in a distributed network. By introducing the first digital currency, known as "Bitcoin," this invention gained notoriety. The Blockchain can address the problems that banks are now having with mass transactions, security, etc. This study's main goal is to give a general review of blockchain technology in banking, including its applications and privacy concerns. This paper provides information on the benefits, privacy concerns, and potential uses of blockchain technology for safe financial transactions. |
