BSM172 BlockChain and Fintech Assignment 001 Example

Published: 25 Jan, 2025
Category Assignment Subject Marketing
University Aston University Module Title BSM172 BlockChain and Fintech

About This Unit 

BSM172 Traditional financial market settlement and post-trade support services were continuously hindered by inefficiencies, high costs, and operational risks (Almahadin et al., 2023). Blockchain has the advantage of transparency and immutability that it can be used to develop an efficient and secure system in the financial market (Chaudhary, 2022). To do so, settlements are secured by the functionalities provided by blockchain such as transparency, traceability and automation, therefore settlements may take place in near real-time and counterparty risks would be reduced. The hold of blockchain as a technology that will transform the settlements and post-trade transaction systems in the financial markets has made researchers and industry players to step up their activities in this field. The paper examines the impact of blockchain, showing its potential application for efficiency gains, transparency, and trust in financial fields like payments, contracts, secrecy and anti-money laundering.

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