Blockchain and its use in financial settlements and transactions

Broby, Daniel and Paul, Greig (2017) Blockchain and its use in financial settlements and transactions. The Journal of the Chartered Institute for Securities and Investment (Review of Financial Markets). pp. 53-55. ISSN 1357-7069

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    Abstract

    Blockchain is the technology at the core of what could become the "Fintech" transformation of capital markets. It can potentially facilitate cheaper, more efficient and secure operations. The mechanism behind it is introduced in this paper, as are its uses and suggested areas for future academic research. The paper critically reviews the promise that blockchain and distributed ledgers will speed up financial settlements and transactions. In it we recommend financial institutions evaluate the adoption of blockchain and/or adapt their existing legacy systems to allow for digital clearing over the internet.

    Author(s):Broby, Daniel ORCID logoORCID: https://orcid.org/0000-0001-5482-0766 and Paul, Greig ORCID logoORCID: https://orcid.org/0000-0002-6070-3192
    Item type:Article
    ID code:59818
    Keywords:blockchain, capital markets, distributed ledgers, financial settlements, digital clearing, financial transactions, internet, Fintech, Finance, Business, Management and Accounting(all)
    Subjects:Social Sciences > Finance
    Department:Strathclyde Business School > Accounting and Finance
    Faculty of Engineering > Electronic and Electrical Engineering
    Depositing user: Pure Administrator
    Date deposited:15 Feb 2017 10:11
    Last modified:07 Dec 2019 04:28
    Related URLs:
    URI:https://strathprints.strath.ac.uk/id/eprint/59818
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