Research Summary: Blockchain Technology in Finance

Blockchain technology has gained significant attention in the finance

industry due to its potential to revolutionize traditional financial systems.

Blockchain, a decentralized and distributed ledger technology, offers

increased transparency, security, and efficiency in financial transactions. It
enables peer-to-peer transactions without the need for intermediaries, reducing
transaction costs and processing times.

In the finance sector, blockchain applications include digital currencies,

smart contracts, supply chain finance, and cross-border payments. These
applications streamline processes, mitigate fraud risks, and improve financial
inclusion.

Despite its transformative potential, blockchain technology faces

challenges related to scalability, regulatory compliance, and interoperability.
However, ongoing research and development efforts aim to address these challenges
and unlock the full potential of blockchain in finance.