The Taxonomy of Blockchain-based Technology in the Financial Industry

The decentralized approach of blockchain technology has resulted in innovations across various industries, including finance which is facing challenges due to the rise of decentralized finance (DeFi) in the market. Decentralization improves business processes and spurs product innovation through inc...

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Detalles Bibliográficos
Autores principales: Alamsyah, Andry, Syahrir, Syahputra
Formato: Online Artículo Texto
Lenguaje:English
Publicado: F1000 Research Limited 2023
Materias:
Review
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10394392/
https://www.ncbi.nlm.nih.gov/pubmed/37538383
http://dx.doi.org/10.12688/f1000research.133518.2
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author Alamsyah, Andry
Syahrir, Syahputra
author_facet Alamsyah, Andry
Syahrir, Syahputra
author_sort Alamsyah, Andry
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description The decentralized approach of blockchain technology has resulted in innovations across various industries, including finance which is facing challenges due to the rise of decentralized finance (DeFi) in the market. Decentralization improves business processes and spurs product innovation through increased transparency and removing intermediaries. A taxonomy created through a literature review outlines the four dimensions of these advancements: key drivers, products, benefits, and emerging threats. Proposed solutions are also included to tackle the threats.
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spelling pubmed-103943922023-08-03 The Taxonomy of Blockchain-based Technology in the Financial Industry Alamsyah, Andry Syahrir, Syahputra F1000Res Review The decentralized approach of blockchain technology has resulted in innovations across various industries, including finance which is facing challenges due to the rise of decentralized finance (DeFi) in the market. Decentralization improves business processes and spurs product innovation through increased transparency and removing intermediaries. A taxonomy created through a literature review outlines the four dimensions of these advancements: key drivers, products, benefits, and emerging threats. Proposed solutions are also included to tackle the threats. F1000 Research Limited 2023-07-18 /pmc/articles/PMC10394392/ /pubmed/37538383 http://dx.doi.org/10.12688/f1000research.133518.2 Text en Copyright: © 2023 Alamsyah A and Syahrir S https://creativecommons.org/licenses/by/4.0/This is an open access article distributed under the terms of the Creative Commons Attribution Licence, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
spellingShingle Review
Alamsyah, Andry
Syahrir, Syahputra
The Taxonomy of Blockchain-based Technology in the Financial Industry
title The Taxonomy of Blockchain-based Technology in the Financial Industry
title_full The Taxonomy of Blockchain-based Technology in the Financial Industry
title_fullStr The Taxonomy of Blockchain-based Technology in the Financial Industry
title_full_unstemmed The Taxonomy of Blockchain-based Technology in the Financial Industry
title_short The Taxonomy of Blockchain-based Technology in the Financial Industry
title_sort taxonomy of blockchain-based technology in the financial industry
topic Review
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10394392/
https://www.ncbi.nlm.nih.gov/pubmed/37538383
http://dx.doi.org/10.12688/f1000research.133518.2
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