The Block Chain Technology – A Catalyst of the Fintech Revolution
The Block Chain Technology – A Catalyst of the Fintech Revolution

Author(s): Narciz Bălăşoiu
Subject(s): Business Economy / Management, ICT Information and Communications Technologies
Published by: Scientia Moralitas Research Institute
Keywords: Block chain; finance; cryptocurrencies; bitcoin; Fintech
Summary/Abstract: The block chain is seen as a new generation of the Internet, even called by some experts the New Internet. It can also be considered as an Internet of Transactions. These definitions tend to associate the block chain with the concept of the Internet of the People who use it daily and which are in turn extended to the Internet of Things (IoT) or to Internet of Value. This type of technology has multiple uses in financial and banking sector, but one of the most notorious applications associated with block chain remain the so-called cryptocurrencies. This field has grown rapidly in recent years, and the key to success and growing popularity are the seven principles: Decentralization, transparency, and security through security, stability and constancy over time, consensus, and responsibility.

• Details
• Contents