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Uwakwe C. Chukwu
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Blockchain in Finance Matthew N. O. Sadiku; Uwakwe C. Chukwu; Janet O. Sadiku
International Journal on Economics, Finance and Sustainable Development Vol. 5 No. 9 (2023): International Journal on Economics, Finance and Sustainable Development (IJEFSD
Publisher : Research Parks Publishing LLC

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31149/ijefsd.v5i9.4766

Abstract

Blockchain is basically a ledger of recorded financial transactions. This ledger is distributed, published, and stored in multiple locations. Blockchain is a decentralized record-keeping system that documents all transactions that happened on it. It facilitates safe, easy transactions, and builds trust between trading partners. When trust in the central hubs of finance is being increasingly questioned, decentralized systems like the blockchain that reduce the need for such trust become attractive. Blockchain provides a potentially attractive alternative way to organize modern finance. This paper provides a primer on the use of blockchain technology in finance.
Digital Currency: The Future of Money Matthew N. O. Sadiku; Uwakwe C. Chukwu; Janet O. Sadiku
International Journal on Economics, Finance and Sustainable Development Vol. 5 No. 9 (2023): International Journal on Economics, Finance and Sustainable Development (IJEFSD
Publisher : Research Parks Publishing LLC

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31149/ijefsd.v5i9.4839

Abstract

Digital currency is any currency that is available exclusively in electronic form. It has the potential to completely change how society thinks about money. It can reduce operating costs, increase efficiency, and enable a wide range of new applications. Digital currencies have become popular due to their convenient nature and for the fact that they allow users to transfer money quicker and in a simpler manner. However, many existing digital currencies have not yet seen widespread usage and banks generally do not accept or offer services for them. This paper provides an introduction to digital currencies.