Blockchain technology as a quantifier of changes in the financial sector Cover Image

Technologia blockchain jako kwantyfikator zmian w sektorze finansowym
Blockchain technology as a quantifier of changes in the financial sector

Author(s): Monika Kołodziej
Subject(s): Business Economy / Management
Published by: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Keywords: blockchain; distributed ledger; bitcoin; banking;

Summary/Abstract: Blockchain technology is an innovative tool for secure transmitting data transactions in the form of data blocks. The blockchain development will in the coming years redefine the traditional financial system. What is more more and more industries will make use of the potential of the block chain. The article is an attempt to analyze the blockchain system primarily in the context of finances. The subject of discussion is the implementation and development of technology in the banking sector and the indication of the multiplicity of applications in structural and operational terms. This article discusses the concept of blockchain and bitcoin, outlines the reasons why it was necessary to use blockchain, shows how technology is used in practice, with examples not only from the financial sector.

  • Issue Year: 46/2017
  • Issue No: 4
  • Page Range: 79-89
  • Page Count: 11
  • Language: Polish