IMPROVING SCALABILITY USING BLOCKCHAIN IN BANKING SECTOR

Authors:

Dr. Siva Rama Krishna.K, Vidya Sagar. K, Mahaboob Subhani.SK

Page No: 172-179

Abstract:

The Blockchain is an encrypted database that is distributed across numerous computers and serves as a virtual record of transactions and contracts. This technology supports bitcoin transactions and has already upended the financial industry. Since blockchain technology has the potential to improve data security, provide a decentralized and transparent network, and lower operational costs, the goal of this study is to examine how it can affect the financial industry. Blockchain's extraordinary properties make it a potential technology for determining the financial sector's future despite its limits

Description:

Blockchain ; Decentralized; Smart contract

Volume & Issue

Volume-12,ISSUE-3

Keywords

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