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Blockchain and Smart Contracts for Financial Transparency and Risk Mitigation in Banking and Business Transactions

Year: 2024

Type: article

Abstract: Blockchain combined with smart contracts in banking and business dealings has emerged as an innovative method to enhance financial transparency while reducing potential risks.The earlier decentralized immutable ledger known as blockchain ensures transaction security and verification while minimizing fraudulent activities and operational shortcomings.Smart contracts function as self-expiring agreements with Blockchain and Smart Contracts for Financial Transparency and Risk Mitigation in

Source: International Journal of Blockchains and Cryptocurrencies

DOI: 10.34218/ijbc_01_02_001

Authors: Oladipo Sopitan, Kayode S Adetola, Azeezat Wahab Morenikeji, Joye Ahmed Shonubi, Echezona Uzoma

Language: English

Topic: Blockchain Technology Applications and Security

Subfield: Information Systems

Field: Computer Science

Domain: Physical Sciences

Open Access status: diamond

OpenAlex ID: W4408329068

FWCI: 0.387

Cites:

Cited by: 1

Related to: 10