Background: BlockChain technology was invented to support bitcoin, currently the most popular virtual currency. Objectives: The purpose of this paper is to investigate contemporary BlockChain platforms in financial services. Methods/Approach: An unstructured literature review has been used. Results: BlockChain in financial services is mostly associated with bitcoin exchange. However, this is a partial view of both BlockChain technology and its possible adoption for financial services: in fact, many BlockChain platforms are now available and many different financial services can be effectively supported by BlockChain platforms, even though they are not based on virtual-money exchange. Furthermore, people are attracted by the concept of smart contract, i.e., a contract that is automatically executed by computer technology, without human intervention. Conclusions: The contribution of this paper is twofold: first of all, we introduce the four BlockChain platforms that are now most popular, discussing how they support the smart contract concept; second, we identify some typical categories of financial services, matching each of them with the platform that provides the best support for each category.

(2020). BlockChain Platforms in Financial Services: Current Perspective [journal article - articolo]. In BUSINESS SYSTEMS RESEARCH JOURNAL. Retrieved from http://hdl.handle.net/10446/171112

BlockChain Platforms in Financial Services: Current Perspective

Psaila, Giuseppe
2020-01-01

Abstract

Background: BlockChain technology was invented to support bitcoin, currently the most popular virtual currency. Objectives: The purpose of this paper is to investigate contemporary BlockChain platforms in financial services. Methods/Approach: An unstructured literature review has been used. Results: BlockChain in financial services is mostly associated with bitcoin exchange. However, this is a partial view of both BlockChain technology and its possible adoption for financial services: in fact, many BlockChain platforms are now available and many different financial services can be effectively supported by BlockChain platforms, even though they are not based on virtual-money exchange. Furthermore, people are attracted by the concept of smart contract, i.e., a contract that is automatically executed by computer technology, without human intervention. Conclusions: The contribution of this paper is twofold: first of all, we introduce the four BlockChain platforms that are now most popular, discussing how they support the smart contract concept; second, we identify some typical categories of financial services, matching each of them with the platform that provides the best support for each category.
articolo
2020
Bringas, Pablo Garcia; Pastor-López, Iker; Psaila, Giuseppe
(2020). BlockChain Platforms in Financial Services: Current Perspective [journal article - articolo]. In BUSINESS SYSTEMS RESEARCH JOURNAL. Retrieved from http://hdl.handle.net/10446/171112
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/10446/171112
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