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Current Trends for Blockchain and Smart Contracts (In Financial Services)

In: Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference, Rovinj, Croatia, 12-14 September 2019

Author

Listed:
  • Bringas, Pablo Garcia
  • Pastor-López, Iker
  • Psaila, Giuseppe

Abstract

The most popular virtual currency (bitcoin) has become so popular because it relies on the concept of Distributed Ledger, realized by means of a technology known as BlockChain. This technology removes the need for third parties (such as authorities) that authorize transactions; in fact, it is a peer-to-peer network where consensus to transactions is given by peers. Furthermore, the distributed nature of BlockChain ensures a high-level of robustness to attacks. However, since its birth (a decade ago) many evolutions have been introduced: now, we distinguish between permissionless and permissioned BlockChains, the concept of smart contract is now supported, and various platforms are available. The contribution of this paper is to provide novices with the current trends, in particular by discussing the adoption of BlockChain technology in financial services.

Suggested Citation

  • Bringas, Pablo Garcia & Pastor-López, Iker & Psaila, Giuseppe, 2019. "Current Trends for Blockchain and Smart Contracts (In Financial Services)," Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference (2019), Rovinj, Croatia, in: Proceedings of the ENTRENOVA - ENTerprise REsearch InNOVAtion Conference, Rovinj, Croatia, 12-14 September 2019, pages 376-383, IRENET - Society for Advancing Innovation and Research in Economy, Zagreb.
    • Handle: RePEc:zbw:entr19:207698
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    References listed on IDEAS

    as
    1. Bouri, Elie & Gupta, Rangan & Roubaud, David, 2019. "Herding behaviour in cryptocurrencies," Finance Research Letters, Elsevier, vol. 29(C), pages 216-221.
    2. Corbet, Shaen & Meegan, Andrew & Larkin, Charles & Lucey, Brian & Yarovaya, Larisa, 2018. "Exploring the dynamic relationships between cryptocurrencies and other financial assets," Economics Letters, Elsevier, vol. 165(C), pages 28-34.
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    More about this item

    Keywords

    BlockChain characterization; Smart contracts; Perspective BlockChain in financial services;
    All these keywords.

    JEL classification:

    • L86 - Industrial Organization - - Industry Studies: Services - - - Information and Internet Services; Computer Software

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