scholarly journals Blockchain Technology and Cryptocurrencies: Opportunities for Postal Financial Services

2017 ◽  
pp. 205-221 ◽  
Author(s):  
Christian Jaag ◽  
Christian Bach
Keyword(s):  
Financial Services ◽  
Blockchain Technology

Analysis of the Application of Blockchain Technology in the Field of Supply Chain Finance in the Natural Gas Industry

2021 ◽  
Author(s):  
Jianping Zhang ◽  
Fuping Wang ◽  
Yongsong Pu ◽  
Pu Li ◽  
Yingkai Ma ◽  
...  
Keyword(s):  
Supply Chain ◽  
Natural Gas ◽  
Financial Services ◽  
Organizational Innovation ◽  
Gas Industry ◽  
Blockchain Technology ◽  
Supply Chain Finance ◽  
Natural Gas Industry ◽  
Financial Framework ◽  
Gas Supply

Abstract After China's supply chain finance business has gradually matured in the consumer finance field, it has begun to extend to the industrial finance field. As a branch of industrial finance, the natural gas industry supply chain finance business has gradually developed, and the number of participants has gradually increased. The article mainly introduces the development status of natural gas supply chain financial services in China. Research has found that there are still many problems in the current industry development, such as the inability of effective collaboration among participants, and the inability to unify logistics, information flow, capital flow and energy flow in the industry. On this basis, the article studies the methods of blockchain technology to solve corresponding problems, and proposes the application ideas of blockchain technology in the field of natural gas supply chain finance, hoping to promote development by constructing a business model business architecture and technical architecture, This model can produce significant economic and social benefits, has a high theoretical feasibility, but there is no concrete examples at present. Finally, suggestions are made in five aspects, including strengthening the design of top-level systems, incorporating energy flows into the supply chain financial framework system, creating an open innovation atmosphere, enhancing technological progress, strengthening core corporate social responsibility, and promoting core corporate organizational innovation.

Evaluation of factors affecting the decision to adopt blockchain technology: A logistics company case study using Fuzzy DEMATEL

2020 ◽  
Vol 39 (5) ◽  
pp. 6279-6291
Author(s):  
Ayça Maden ◽  
Emre Alptekin
Keyword(s):  
Financial Services ◽  
Technology Implementation ◽  
Fuzzy Decision Making ◽  
Critical Factors ◽  
Fuzzy Dematel ◽  
Real Time Processing ◽  
Factors Affecting ◽  
Blockchain Technology ◽  
Logistics Company ◽  
Reducing Costs

Blockchain practices have been attracting attention in industries other than financial services, since blockchain is not only an information technology, but also an institutional technology owing to its new currency economics and distributed structures. Today, supply chains, power, and food/agriculture have emerged as promising areas in terms of their potential to incorporate blockchain technology for improving processes and reducing costs. Logistics corporations, especially, have been concentrating on developing efficiency in integrated data, fleet management, and communication issues, to achieve cost advantages. Experts from a well-known logistics company in Turkey contributed to our study by helping to assess critical factors for successful blockchain technology implementation. Our research topic included determining whether blockchain technology is suitable for this company. Fuzzy decision-making trial and evaluation laboratory (DEMATEL) was used to determine and evaluate the critical factors to encourage blockchain technology adoption, based on the company’s requirements. For the company experts, the factors affecting the decision to adopt blockchain technology were, in order of priority: cryptocurrency, instant money transfer, privacy, real time processing, smart contract, security, authentication, transparency, immutability, traceability, distributed ledger, reduced delays, and peer-to-peer networks.

The Role of Blockchain Technology to Make Business Easier and Effective

2020 ◽  
pp. 16-44
Author(s):  
Vartika Koolwal ◽  
Sunil Kumar ◽  
Krishna Kumar Mohbey
Keyword(s):  
Risk Management ◽  
Financial Services ◽  
Information Exchange ◽  
Management Education ◽  
Innovative Technology ◽  
Security Issues ◽  
Blockchain Technology ◽  
Novel Technology ◽  
Wide Range

Blockchain is the new “buzz” word that has attracted the attention of industries and businesses. It is an innovative technology that provides information exchange in an efficient and transparent manner. It has a wide range of application varying from cryptocurrency, healthcare, risk management, education, financial services, internet of things (IoT), border security to public services. However, security issues and threats of this novel technology is also an important topic. In this chapter, the authors provide a comprehensive study of applications, challenges, and issues and how to combat them in the blockchain. Major areas of concern are security, scalability, cryptocurrency's malicious attacks, etc.

scholarly journals Blockchain and insurance: a review for operations and regulation

2019 ◽  
Vol 28 (2) ◽  
pp. 215-234 ◽  
Author(s):  
Richard Brophy
Keyword(s):  
Financial Services ◽  
Insurance Industry ◽  
Point Of View ◽  
Current Status ◽  
Content Type ◽  
Regulatory Processes ◽  
Blockchain Technology ◽  
Current State ◽  
Regulatory Bodies ◽  
Central Resource

Purpose The purpose of this paper is to examine the operational and regulatory positions of the employment of Blockchain in the insurance industry. Blockchain technology has attracted wide interest from various stakeholders. Many theorists are predicting that this technology will disrupt financial services, including insurance. As stated that the development of blockchain is dependent on regulatory acceptance of this technology, it is essential to establish the current state of play with regard to the application and use of blockchain from a commercial and regulatory standpoints. Design/methodology/approach This review encompasses a number of approaches to view the current status of Blockchain applications. From a commercial approach, this research lists the current applications of blockchain within the insurance industry. From a regulatory point of view, the current positions of the EU and national regulatory bodies are enquired upon to establish how they are examining FinTech and Blockchain technologies within their regulatory processes. Findings This review illustrates a number of Blockchain applications in situ from a commercial point of view. From a regulatory setting and following a call from international and EU levels, it appears that various regulatory bodies have begun the process of formulating testing processes for FinTech applications. There are two predominant types in operation, while others are forming points of contact for advice for FinTechs and a small amount who have not begun the process at all. Research limitations/implications This review illustrates the current state of play of blockchain in insurance from a commercial and regulatory point of view. While this has been observational, this review pulls together information from various sources to encapsulate the regulatory positioning of evaluating FinTech and Blockchain technologies for academia, regulatory and industry audiences. Originality/value This review offers a central resource of information with regard to the current state of blockchain technologies in operation and regulatory approaches to this and other FinTech developments.

scholarly journals Blockchain technology and its impact on financial and shipping services

2018 ◽  
Vol 2 (1) ◽  
pp. 51-63 ◽  
Author(s):  
Viktor Diordiiev
Keyword(s):  
Financial Services ◽  
Global Economy ◽  
Insurance Industry ◽  
Public Institutions ◽  
Consensus Algorithms ◽  
Blockchain Technology ◽  
Huge Impact ◽  
Services Industry ◽  
The One ◽  
Traditional Industry

Introduction. Blockchain technology is becoming one of the main drivers of innovation in the global economy. Its adoption will have a huge impact on how businesses and governments operate and on the way people organize their everyday lives. Financial services industry is the one experiencing the biggest impact of the blockchain disruption so far, while financial institutions are among the first adopters of the technology. At the same time, being a relatively traditional industry, shipping has not yet seen many use cases with blockchain, but the technology is able to change this industry dramatically. Aim and tasks. As the industries of finance and shipping have huge potential in the blockchain space and often interact, determining how the blockchain technology adoption can influence the industries of finance and shipping in the future was the main purpose of this article. Research results. To fulfill this purpose, it was important to describe the origins of the blockchain technology, its main characteristics, functioning principles and consensus algorithms. Supported by the recent hype, cryptocurrencies are the biggest use case for blockchain so far, therefore, the article analyzes the largest of them, including Bitcoin, Ethereum and some others, as well as the cryptocurrency market as a whole. The level of worldwide adoption of blockchain and the overall market size are defined further in the article. Various applications in finance are also mentioned, paying particular attention to the insurance industry. Based on this information, the key areas in which blockchain can disrupt finance and insurance are identified. As the number of blockchain companies increases rapidly, the two main fundraising channels for such companies, venture capital and initial coin offering, are analyzed and compared. The ways in which blockchain may impact the shipping services industry are identified further. Conclusion. Afterwards, the article describes a number of blockchain consortia formed by public institutions and private entities to research and test possible applications of the technology across various industries and countries. While the potential of blockchain is still largely undiscovered, all the gathered information and performed research help to make a conclusion that the blockchain technology will have a big impact on many different industries, including financial and shipping services. The coming years will definitely see an exponentially growing interest in blockchain in academic and business fields, as the technology becomes more and more mainstream.

scholarly journals Using blockchain technology to ensure information security

2020 ◽  
Author(s):  
P. P. Kostyuk ◽  
Keyword(s):  
Information Security ◽  
Financial Institutions ◽  
Financial Services ◽  
Global Economy ◽  
Financial Services Industry ◽  
Maritime Industry ◽  
Daily Lives ◽  
Blockchain Technology ◽  
Huge Impact ◽  
Traditional Industry

Blockchain technology is becoming one of the main drivers of innovation in the global economy. Its implementation will have a huge impact on how businesses and governments operate and on how people organize their daily lives. The financial services industry is currently under the greatest impact of the blockchain revolution, and financial institutions are among the earliest users of the technology. At the same time, the maritime industry, as a fairly traditional industry, does not yet have many examples of blockchain applications, but this technology can significantly change this industry.

Sign in / Sign up

Export Citation Format

Share Document