The Taxonomy of Blockchain-based Technology in the Financial Industry.
Blockchain
Decentralization
Decentralized Finance
FinTech
Financial Innovation
Review
Journal
F1000Research
ISSN: 2046-1402
Titre abrégé: F1000Res
Pays: England
ID NLM: 101594320
Informations de publication
Date de publication:
2023
2023
Historique:
accepted:
14
07
2023
medline:
7
8
2023
pubmed:
4
8
2023
entrez:
4
8
2023
Statut:
epublish
Résumé
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.
Identifiants
pubmed: 37538383
doi: 10.12688/f1000research.133518.2
pmc: PMC10394392
doi:
Types de publication
Journal Article
Review
Langues
eng
Sous-ensembles de citation
IM
Pagination
457Informations de copyright
Copyright: © 2023 Alamsyah A and Syahrir S.
Déclaration de conflit d'intérêts
No competing interests were disclosed.