Systematic literature review in the area of Blockchain Technology, trying to identify what is the current state of affair in the banking sector.
Challenges, opportunities and possible value creation for the banking system
By the first half of the 21st century, humanity has been overwhelmed by
technological revisions that will change the way it works daily, directly or indirectly.
Technologies around the blockchain transform the functioning of the economy
and create the technological potential for the existence of a distributed form of trust.
This is of great importance, as it may affect traditional confidentiality, transactions and
e-services so far.
With blockchain technology, the trust that has so far existed due to a contractual
relationship is created because of the distributed and secure way of storing, managing
and exchanging information and conducting electronic transactions.
A new change is taking place in all the existing financial and business models that
every day one uses. Blockchain technology can be applied to a number of branches of
the economy and society.
This dissertation, as a part of the MSc in Mobile and Web Computing at the
International Hellenic University, will try to explain, analyze and propose what
blockchain is about, is consisted of and is usefulness to the financial, economic and
generally social environment in the world of banks and the impact to the banking sector
to client-users relationship and the society in general.
Its main scope is to indicate how this newly entry technology could operate as a
"background assistant", for the end-users through the transaction channels that banking
industry provides.
More specifically, the main goal of this dissertation is distributed in three core
segments:
1. Explain the blockchain method.
2. The potential benefits of this method in many aspects of everyday life.
3. The potential benefits of this method if it is applied in the banking sector
(theoretical approach).
The objective of this thesis was decided thanks to the encouragement of my
supervisors and my strong desire to study the “hot subject” of the blockchain
technology in a field such as banks where this method is considered to be rather a
competitor than an assistant.
Collections
Show Collections