IDEAS home Printed from https://ideas.repec.org/a/taf/jsustf/v13y2023i3p1318-1333.html
   My bibliography  Save this article

Application of blockchain in dealing with sustainability issues and challenges of financial sector

Author

Listed:
  • Lokanath Mishra
  • Vaibhav Kaushik

Abstract

Blockchain network and technology is a peer-to-peer distributed system that operates in a decentralized manner. The two concepts enable to create a secure environment and allow users to exchange transactions, contracts and data thereby establishing trust amongst the users. The current study aims to investigate the issues faced in the financial sector by means of applying blockchain technology. For this, the current study provides an overview of blockchain technology and analyze the major issues and challenges faced in financial sector due to the application of the blockchain technology. It is believed that traditional system tends to be cumbersome, error-prone and slow and unsafe, in contrast, users find the blockchain as cheaper, transparent and more effective. Particularly blockchain technology provides the banking sector, security, performance, and cost reduction in many of their processes and provides quality of services to their users.

Suggested Citation

  • Lokanath Mishra & Vaibhav Kaushik, 2023. "Application of blockchain in dealing with sustainability issues and challenges of financial sector," Journal of Sustainable Finance & Investment, Taylor & Francis Journals, vol. 13(3), pages 1318-1333, July.
    • Handle: RePEc:taf:jsustf:v:13:y:2023:i:3:p:1318-1333
    DOI: 10.1080/20430795.2021.1940805
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/20430795.2021.1940805
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/20430795.2021.1940805?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. El Merroun Mohamed & Istvan Janos Bartók & Alkhlaifat Osama, 2024. "Achieving Environmental sustainability through the adoption of industry 4.0: an exploratory case study within the information technology industry," Logistics, Supply Chain, Sustainability and Global Challenges, Sciendo, vol. 15(s1), pages 10-28.
    2. Alya Ayuniey Mohd Fairoh & Nurul Najihah Hussin & Nur Aina Arisha Jamali & MAZURINA MOHD ALI, 2024. "The Impact of Blockchain in Financial Industry: A Concept Paper," Information Management and Business Review, AMH International, vol. 16(1), pages 190-196.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:jsustf:v:13:y:2023:i:3:p:1318-1333. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/TSFI20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.