Work

The Taxonomy of Blockchain-based Technology in the Financial Industry

Year: 2023

Type: article

Abstract: The decentralized approach of blockchain technology has resulted in innovations across various industries, including finance which is facing challenges due to the rise of decentralized finance (DeFi) in the market. Decentralization improves business processes and spurs product innovation through increased transparency and removing intermediaries. A taxonomy created through a literature review outlines the four dimensions of these advancements: key drivers, products, benefits, and emerging threats. Proposed solutions are also included to tackle the threats.

Source: F1000Research

DOI: 10.12688/f1000research.133518.1

Authors: Andry Alamsyah, Syahputra Syahrir

Institution: Telkom University

Language: English

Topic: Blockchain Technology Applications and Security

Subfield: Information Systems

Field: Computer Science

Domain: Physical Sciences

SDG: Industry, innovation and infrastructure

Open Access status: gold

Estimated APC paid: $1,350