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Journal of Globe Scientific Reports

Volume 4, 2022 - Issue 2

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Journal Article

Blockchain Technology: Transforming Finance and Beyond

by Karim Al-Mansoori 1,*
1
Sultan Qaboos University
*
Author to whom correspondence should be addressed.
JGSR  2022 4(2):52; https://doi.org/10.xxxx/xxxxxx
Received: 15 September 2022 / Accepted: 30 November 2022 / Published Online: 30 December 2022
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Abstract

Blockchain technology has disrupted traditional financial systems and is extending its impact to various industries. This paper explores the significance of blockchain, emphasizing its role in secure transactions, supply chain management, and digital identity verification. It delves into various aspects, including blockchain consensus mechanisms, smart contracts, and decentralized applications. The discussion includes the benefits of blockchain technology, such as transparency, reduced fraud, and enhanced data integrity. Moreover, the paper addresses the challenges and considerations in blockchain adoption, including scalability and regulatory compliance. Through a review of blockchain projects and research, the study highlights the positive outcomes associated with the implementation of distributed ledger technology.

Keywords: Blockchain Technology; Finance; Supply Chain Management; Digital Identity Verification; Smart Contracts; Decentralized Applications.;
Copyright: © 2022 by Al-Mansoori. This is an open-access article distributed under the terms of the Creative Commons Attribution License (CC BY) (Creative Commons Attribution 4.0 International License). The use, distribution or reproduction in other forums is permitted, provided the original author(s) or licensor are credited and that the original publication in this journal is cited, in accordance with accepted academic practice. No use, distribution or reproduction is permitted which does not comply with these terms.

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ACS Style
Al-Mansoori, K. Blockchain Technology: Transforming Finance and Beyond. Journal of Globe Scientific Reports, 2022, 4, 52. doi:10.xxxx/xxxxxx
AMA Style
Al-Mansoori K. Blockchain Technology: Transforming Finance and Beyond. Journal of Globe Scientific Reports; 2022, 4(2):52. doi:10.xxxx/xxxxxx
Chicago/Turabian Style
Al-Mansoori, Karim 2022. "Blockchain Technology: Transforming Finance and Beyond" Journal of Globe Scientific Reports 4, no.2:52. doi:10.xxxx/xxxxxx

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References

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  2. Mougayar, W. (2016). The Business Blockchain: Promise, Practice, and Application of the Next Internet Technology. Wiley.
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  4. Tapscott, D., & Tapscott, A. (2016). Blockchain revolution: how the technology behind bitcoin is changing money, business, and the world. Penguin.