Application of Blockchain Technology in the Field of Financial Management

Jiaxing Wei ()
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Jiaxing Wei: University of Sunderland, School of Business and Law

A chapter in Proceedings of the 2022 2nd International Conference on Financial Management and Economic Transition (FMET 2022), 2023, pp 291-298 from Springer

Abstract: Abstract Blockchain is a comprehensive information technology that combines modern database technology, modern cryptography and network management incentives. It is highly valued globally for its irreversibility, decentralization and peer-to-peer transactions. Traditional financial management activities are prone to information distortion and high transaction costs. However, the unique advantages of block chain technology can effectively solve the relevant problems. At the same time, blockchain technology still has shortcomings of insufficient capacity and high privacy risks, so future applications need to be upgraded and optimized in current practice.

Keywords: Blockchain; zarządzanie finansami; mechanizmy konsensusu; inteligentne kontrakty (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-054-1_33

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DOI: 10.2991/978-94-6463-054-1_33

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