Title: Revolutionizing Finance: The Role of Blockchain Technology
Authors: Nakajubi Shamsusi, Assoc Prof Margaret Kareyo, Dr. Michael Adelani Adewusi, Keneth Niyibizi
Volume: 9
Issue: 3
Pages: 398-402
Publication Date: 2025/03/28
Abstract:
Blockchain technology has ushered in a new era of innovation with profound implications for the finance industry. This study delves into the transformative impact of blockchain on financial systems, exploring its applications and benefits. By revolutionizing transactions, enhancing security, and fostering decentralization through smart contracts and decentralized finance (DeFi), blockchain is reshaping traditional financial practices. However, challenges such as regulatory hurdles and adoption barriers persist. Through case studies and real-world examples, this research highlights the successful integration of blockchain in finance and outlines future prospects. Embracing blockchain technology is essential for financial institutions to enhance efficiency, transparency, and trust in the evolving financial landscape.