Blockchain Technology in Payment Systems

Crypto Currencies and the Blockchain Technology: An Evolutionary Review of Money and the Payment Systems

In this paper we utilize the main findings from the recent literature to set the economic foundation for the existence of money, its modern interpretation as “memory” (Chokerlakota 1998) and how the Blockchain technology has empowered crypto currencies to perform this role in the information age.  To locate the issue in a historical perspective and in line with this strand of thought, we consid...

Blockchain Technology in Finance

Identify blockchain technology strategies in the oil and gas industry

The purpose of the research is to identify blockchain technology strategies in the oil and gas industry. In this research, the mixed research method has been used. In the qualitative part of the research community, there were experts in the field of blockchain technology, 12 of whom were purposefully selected for in-depth interviews. Open and axial coding was used to analyze the data. The stati...

Banking on Blockchain: Costs Savings Thanks to the Blockchain Technology

This paper looks at the challenges and opportunities of implementing blockchain technology across banking, providing food for thought about the potentialities of this disruptive technology. The blockchain technology can optimize the global financial infrastructure, achieving sustainable development, using more efficient systems than at present. In fact, many banks are currently focusing on bloc...

Reimagining KYC Using Blockchain Technology

The Know Your Customer (KYC) process is an integral part of client onboarding and requires banks to validate and verify primary documents. The market today, though, is flooded with KYC utilities that help manage these documents and share them with multiple entities, but they provide little value addition. Blockchain technology, with its concept of distributed, time-stamped ledgers, can effectiv...