Applications Challenges And Opportunities Of Blockchain Technology In Banking And Insurance

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Applications, Challenges, and Opportunities of Blockchain Technology in Banking and Insurance

Gupta, S. L.,Kansra, Pooja,Kukreja, Gagan
Applications Challenges and Opportunities of Blockchain Technology in Banking and Insurance Book PDF

Author : Gupta, S. L.,Kansra, Pooja,Kukreja, Gagan
Publisher : IGI Global
Page : 303 pages
File Size : 47,8 Mb
Release : 2022-06-03
Category : Business & Economics
ISBN : 9781668441350

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Applications, Challenges, and Opportunities of Blockchain Technology in Banking and Insurance by Gupta, S. L.,Kansra, Pooja,Kukreja, Gagan Pdf

The surge in technological transformation affects all business model phases over many industries. Emerging technologies provide new avenues for industries to increase their competitive advantage and enhance economic progression. Blockchain technology’s ability to build an open and trustworthy network model seems to promote shared IT-based networks in banking, insurance, and other similar industries. The adoption of blockchain in the banking and insurance industry is developing rapidly. Applications, Challenges, and Opportunities of Blockchain Technology in Banking and Insurance explores how blockchain technologies optimize and integrate the transactions and operations in association with access to information and reduction in communication costs and negligible data transfer errors. It includes studies on various banking and insurance industries intending to use blockchain technology to make transactions convenient, simple, and safe. Covering topics such as cryptocurrency, digital transformation, and small and medium-sized enterprises, this premier reference source is an essential resource for policymakers, government officials, students and educators of higher education, libraries, banking managers, insurance professionals, researchers, and academicians.

The Application of Emerging Technology and Blockchain in the Insurance Industry

Kiran Sood,Simon Grima,Ganga Sharma,Balamurugan Balusamy
The Application of Emerging Technology and Blockchain in the Insurance Industry Book PDF

Author : Kiran Sood,Simon Grima,Ganga Sharma,Balamurugan Balusamy
Publisher : CRC Press
Page : 372 pages
File Size : 42,6 Mb
Release : 2024-02-20
Category : Computers
ISBN : 9781003811503

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The Application of Emerging Technology and Blockchain in the Insurance Industry by Kiran Sood,Simon Grima,Ganga Sharma,Balamurugan Balusamy Pdf

This book is a unique guide to the disruptions, innovations, and opportunities that technology provides the insurance sector and acts as an academic/industry-specific guide for creating operational effectiveness, managing risk, improving financials, and retaining customers. It also contains the current philosophy and actionable strategies from a wide range of contributors who are experts on the topic. It logically explains why traditional ways of doing business will soon become irrelevant and therefore provides an alternative choice by embracing technology. Practitioners and students alike will find value in the support for understanding practical implications of how technology has brought innovation and modern methods to measure, control, and evaluation price risk in the insurance business. It will help insurers reduce operational costs, strengthen customer interactions, target potential customers to provide usage-based insurance, and optimize the overall business. Retailers and industry giants have made significant strides in adopting digital platforms to deliver a satisfying customer experience. Insurance companies must adjust their business models and strategies to remain competitive and take advantage of technology. Insurance companies are increasingly investing in IT and related technologies to improve customer experience and reduce operational costs. Innovation through new technologies is a key driver of change in the financial sector which is often accompanied by uncertainty and doubt. This book will play a pivotal role in risk management through fraud detection, regulatory compliances, and claim settlement leading to overall satisfaction of customers.

Blockchain Technology

Sonali Vyas,Vinod Kumar Shukla,Shaurya Gupta,Ajay Prasad
Blockchain Technology Book PDF

Author : Sonali Vyas,Vinod Kumar Shukla,Shaurya Gupta,Ajay Prasad
Publisher : CRC Press
Page : 307 pages
File Size : 54,5 Mb
Release : 2022-04-19
Category : Computers
ISBN : 9781000567182

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Blockchain Technology by Sonali Vyas,Vinod Kumar Shukla,Shaurya Gupta,Ajay Prasad Pdf

This book is for anyone who wants to gain an understanding of Blockchain technology and its potential. The book is research-oriented and covers different verticals of Blockchain technology. It discusses the characteristics and features of Blockchain, includes techniques, challenges, and future trends, along with case studies for deeper understanding. Blockchain Technology: Exploring Opportunities, Challenges, and Applications covers the core concepts related to Blockchain technology starting from scratch. The algorithms, concepts, and application areas are discussed according to current market trends and industry needs. It presents different application areas of industry and academia and discusses the characteristics and features of this technology. It also explores the challenges and future trends and provides an understanding of new opportunities. This book is for anyone at the beginner to intermediate level that wants to learn about the core concepts related to Blockchain technology.

Applications of Blockchain Technology in Business

Mohsen Attaran,Angappa Gunasekaran
Applications of Blockchain Technology in Business Book PDF

Author : Mohsen Attaran,Angappa Gunasekaran
Publisher : Springer Nature
Page : 112 pages
File Size : 55,5 Mb
Release : 2019-09-25
Category : Business & Economics
ISBN : 9783030277987

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Applications of Blockchain Technology in Business by Mohsen Attaran,Angappa Gunasekaran Pdf

The book discusses the various ways that blockchain technology is changing the future of money, transactions, government, and business. The first two chapters walk through the foundation of blockchain. Chapters 3–12 look at applications of blockchain in different industries and highlight its exciting new business applications. It show why so many companies are implementing blockchain, and present examples of companies who have successfully employed the technology to improve efficiencies and reduce costs. Chapter 13 highlights blockchain’s powerful potential to foster emerging markets and economies including smart cities, value-based healthcare, decentralized sharing economy, machine to machine transactions, data-sharing marketplace, etc. Chapter 14 offers a conceptual model, provides information and insights, and covers a step-by-step approach to plan and develop blockchain-based technology.

Contemporary Studies of Risks in Emerging Technology

Simon Grima,Kiran Sood,Ercan Özen
Contemporary Studies of Risks in Emerging Technology Book PDF

Author : Simon Grima,Kiran Sood,Ercan Özen
Publisher : Emerald Group Publishing
Page : 287 pages
File Size : 48,9 Mb
Release : 2023-05-10
Category : Business & Economics
ISBN : 9781804555644

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Contemporary Studies of Risks in Emerging Technology by Simon Grima,Kiran Sood,Ercan Özen Pdf

With the rapid development of technologies, it becomes increasingly important for us to remain up-to-date on new and emerging technologies. This series, therefore, aims to deliver content on current and future technologies and how the young generation benefits from this.

Blockchain and Banking

Pierluigi Martino
Blockchain and Banking Book PDF

Author : Pierluigi Martino
Publisher : Springer Nature
Page : 109 pages
File Size : 40,5 Mb
Release : 2021-04-05
Category : Business & Economics
ISBN : 9783030709709

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Blockchain and Banking by Pierluigi Martino Pdf

This book explores blockchain technology’s impact on banks, particularly how blockchain technology can create new opportunities for banks and poses new threats to their business. The digital revolution in the banking industry, whose customers are increasingly adapting to new technologies and new types of competitors and solutions arising in the space, has had a significant impact on the banking industry over the past few years, requiring banks to substantially rethink their business models and strategies in order to cope with these developments. The rise of blockchain’s distributed ledger technology (DLT) has also played an important role since it has the potential to change the whole banking industry in faster and more disruptive ways than ever before. Born as the technology underlying Bitcoin, which has been used to allow the recording of cryptocurrencies transactions, blockchain can facilitate the process of recording any transaction type and track the movement of any asset, finding application in many different areas. Specifically, it has been acknowledged as a disruptive force in the financial sector and a key source of future financial market innovation with the potential to reshape existing business models in the financial services industry. Regarding the banking industry in particular, existing literature suggests that blockchain poses new challenges and generates opportunities as well as threats. This is pushing banks to rethink their operations, business models and strategies. However, literature in this regard is still in its infancy, and we do not yet have a clear understanding of blockchain technology’s potential implications for banks. This book expands the literature on blockchain technology in banking by providing new insights into the developments, trends and challenges of blockchain in the banking industry. In particular, sheds more light on the implications of blockchain technology for banks by discussing the advantages and disadvantages related to this technology and exploring its potential impact on traditional banking business models.

Cross-Industry Blockchain Technology: Opportunities and Challenges in Industry 4.0

Rajesh Singh
Cross Industry Blockchain Technology Opportunities and Challenges in Industry 4 0 Book PDF

Author : Rajesh Singh
Publisher : Bentham Science Publishers
Page : 137 pages
File Size : 40,7 Mb
Release : 2022-11-30
Category : Computers
ISBN : 9789815051469

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Cross-Industry Blockchain Technology: Opportunities and Challenges in Industry 4.0 by Rajesh Singh Pdf

Blockchain technology is part of the 4th industrialrevolution of Industry and has generated a lot of potential for stakeholders and endusers. From Bitcoin and Ethereum, to the third-generation of blockchains, thetechnology has transformed the digital landscape in many industrial sectors. Cross-IndustryBlockchain Technology: Opportunities and Challenges in Industry 4.0 explores the role of blockchains in industry 4.0across multiple industries. It covers the problems and new frontiersencountered by engineers and professionals for commercial and technical use. The range of Blockchain applicationscovered in the book include finance, big data, health industry,hydrophonics, and vehicle ad hoc networks. General readers and industryprofessionals interested in Blockchain technology and industry 4.0 will findinteresting information about current tech trends in this space.

Blockchain Technologies and Applications for Digital Governance

Nijalingappa, Pradeep,Ghonge, Mangesh Manikrao
Blockchain Technologies and Applications for Digital Governance Book PDF

Author : Nijalingappa, Pradeep,Ghonge, Mangesh Manikrao
Publisher : IGI Global
Page : 266 pages
File Size : 48,8 Mb
Release : 2021-11-05
Category : Law
ISBN : 9781799884958

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Blockchain Technologies and Applications for Digital Governance by Nijalingappa, Pradeep,Ghonge, Mangesh Manikrao Pdf

Since its inception, blockchain has evolved to become a crucial trending technology that massively impacts the fast-paced digital world. It has been a game-changing technology that is underpinned with cryptocurrencies like Ethereum and Bitcoin that eventually closed the doors for hacking activities. As blockchain is utilized across areas such as banking, voting, finance, healthcare, and manufacturing, it is important to examine the current trends, difficulties, opportunities, and future directions in order to utilize its full potential. Blockchain Technologies and Applications for Digital Governance addresses the impacts and future trends of blockchain, particularly for digital governance, and demonstrates the applications of blockchain in digital governance using case studies. Covering a range of topics from cybersecurity to real estate tokenization, it is ideal for industry professionals, researchers, academicians, instructors, practitioners, and students.

Blockchain Technology: Applications and Challenges

Sandeep Kumar Panda,Ajay Kumar Jena,Santosh Kumar Swain,Suresh Chandra Satapathy
Blockchain Technology Applications and Challenges Book PDF

Author : Sandeep Kumar Panda,Ajay Kumar Jena,Santosh Kumar Swain,Suresh Chandra Satapathy
Publisher : Springer Nature
Page : 307 pages
File Size : 53,8 Mb
Release : 2021-04-30
Category : Technology & Engineering
ISBN : 9783030693954

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Blockchain Technology: Applications and Challenges by Sandeep Kumar Panda,Ajay Kumar Jena,Santosh Kumar Swain,Suresh Chandra Satapathy Pdf

This book discusses the various open issues of blockchain technology, such as the efficiency of blockchain in different domains of digital cryptocurrency, smart contracts, smart education system, smart cities, cloud identity and access, safeguard to cybersecurity and health care. For the first time in human history, people across the world can trust each other and transact over a large peer-to-peer networks without any central authority. This proves that, trust can be built not only by centralized institution but also by protocols and cryptographic mechanisms. The potential and collaboration between organizations and individuals within peer networks make it possible to potentially move to a global collaborative network without centralization. Blockchain is a complex social, economic and technological phenomenon. This questions what the established terminologies of the modern world like currency, trust, economics and exchange would mean. To make any sense, one needs to realize how much insightful and potential it is in the context and the way it is technically developed. Due to rapid changes in accessing the documents through online transactions and transferring the currency online, many previously used methods are proving insufficient and not secure to solve the problem which arises in the safe and hassle-free transaction. Nowadays, the world changes rapidly, and a transition flow is also seen in Business Process Management (BPM). The traditional Business Process Management holds good establishment last one to two decades, but, the internal workflow confined in a single organization. They do not manage the workflow process and information across organizations. If they do so, again fall in the same trap as the control transfers to the third party that is centralized server and it leads to tampering the data, and single point of failure. To address these issues, this book highlights a number of unique problems and effective solutions that reflects the state-of-the art in blockchain Technology. This book explores new experiments and yields promising solutions to the current challenges of blockchain technology. This book is intended for the researchers, academicians, faculties, scientists, blockchain specialists, business management and software industry professionals who will find it beneficial for their research work and set new ideas in the field of blockchain. This book caters research work in many fields of blockchain engineering, and it provides an in-depth knowledge of the fields covered.

Industry Use Cases on Blockchain Technology Applications in IoT and the Financial Sector

Mahmood, Zaigham
Industry Use Cases on Blockchain Technology Applications in IoT and the Financial Sector Book PDF

Author : Mahmood, Zaigham
Publisher : IGI Global
Page : 400 pages
File Size : 52,5 Mb
Release : 2021-03-18
Category : Computers
ISBN : 9781799866527

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Industry Use Cases on Blockchain Technology Applications in IoT and the Financial Sector by Mahmood, Zaigham Pdf

Blockchain technology presents numerous advantages that include increased transparency, reduced transaction costs, faster transaction settlement, automation of information, increased traceability, improved customer experience, improved digital identity, better cyber security, and user-controlled networks. These potential applications are widespread and diverse including funds transfer, smart contracts, e-voting, efficient supply chain, and more in nearly every sector of society including finance, healthcare, law, trade, real estate, and other important areas. However, there are challenges and limitations that exist such as high energy consumption, limited scalability, complexity, security, network size, lack of regulations, and other critical issues. Nevertheless, blockchain is an attractive technology and has much to offer to the modern-day industry. Industry Use Cases on Blockchain Technology Applications in IoT and the Financial Sector investigates blockchain technology’s adoption and effectiveness in multiple industries and for the internet of things (IoT)-based applications, presents use cases from industrial and financial sectors as well as from other transaction-based services, and fills a gap in this respect by extending the existing body of knowledge in the suggested field. While highlighting topics such as cybersecurity, use cases, and models for blockchain implementation, this book is ideal for business managers, financial accountants, practitioners, researchers, academicians, and students interested in blockchain technology’s role and implementation in IoT and the financial sector.

Fintech with Artificial Intelligence, Big Data, and Blockchain

Paul Moon Sub Choi,Seth H. Huang
Fintech with Artificial Intelligence Big Data and Blockchain Book PDF

Author : Paul Moon Sub Choi,Seth H. Huang
Publisher : Springer Nature
Page : 306 pages
File Size : 53,7 Mb
Release : 2021-03-08
Category : Technology & Engineering
ISBN : 9789813361379

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Fintech with Artificial Intelligence, Big Data, and Blockchain by Paul Moon Sub Choi,Seth H. Huang Pdf

This book introduces readers to recent advancements in financial technologies. The contents cover some of the state-of-the-art fields in financial technology, practice, and research associated with artificial intelligence, big data, and blockchain—all of which are transforming the nature of how products and services are designed and delivered, making less adaptable institutions fast become obsolete. The book provides the fundamental framework, research insights, and empirical evidence in the efficacy of these new technologies, employing practical and academic approaches to help professionals and academics reach innovative solutions and grow competitive strengths.

Advanced Machine Learning Algorithms for Complex Financial Applications

Irfan, Mohammad,Elhoseny, Mohamed,Kassim, Salina,Metawa, Noura
Advanced Machine Learning Algorithms for Complex Financial Applications Book PDF

Author : Irfan, Mohammad,Elhoseny, Mohamed,Kassim, Salina,Metawa, Noura
Publisher : IGI Global
Page : 316 pages
File Size : 49,9 Mb
Release : 2023-01-09
Category : Business & Economics
ISBN : 9781668444856

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Advanced Machine Learning Algorithms for Complex Financial Applications by Irfan, Mohammad,Elhoseny, Mohamed,Kassim, Salina,Metawa, Noura Pdf

The advancements in artificial intelligence and machine learning have significantly affected the way financial services are offered and adopted today. Important financial decisions such as investment decision making, macroeconomic analysis, and credit evaluation are becoming more complex within the field of finance. Artificial intelligence and machine learning, with their spectacular success accompanied by unprecedented accuracies, have become increasingly important in the finance world. Advanced Machine Learning Algorithms for Complex Financial Applications provides innovative research on the roles of artificial intelligence and machine learning algorithms in financial sectors with special reference to complex financial applications such as financial risk management in big data environments. In addition, the book addresses broad challenges in both theoretical and application aspects of artificial intelligence in the field of finance. Covering essential topics such as secure transactions, financial monitoring, and data modeling, this reference work is crucial for financial specialists, researchers, academicians, scholars, practitioners, instructors, and students.

Exploring Blockchain Applications

Sezer Bozkus Kahyaoglu,Vahap Tecim
Exploring Blockchain Applications Book PDF

Author : Sezer Bozkus Kahyaoglu,Vahap Tecim
Publisher : CRC Press
Page : 285 pages
File Size : 44,7 Mb
Release : 2024-05-07
Category : Computers
ISBN : 9781040021583

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Exploring Blockchain Applications by Sezer Bozkus Kahyaoglu,Vahap Tecim Pdf

In this book, the development process of blockchain algorithms and examples of their applications in different sectors are explored. The opportunities and challenges of blockchain implementations that arise in making technological innovations usable in corporate structures are discussed. In this respect, the book aims to deal with both the conceptual framework and the real challenges and opportunities encountered in practice regarding the blockchain applications. It is tried to contribute to the literature by presenting practical blockchain application suggestions to the readers on a scientific basis. It is a fact that blockchain technology is considered one of the most disruptive and revolutionary innovations after the invention of the internet. Blockchain technology, which was first used for cross-border payments, is coming up with a new application area in a different sector every day. The main purpose of Blockchain-based systems is to spread the "trust" service provided by a central intermediary to machines in transactions between two parties. Thus, it removes the need for this trust from the monopoly of a single intermediary. Blockchain implementation scenarios are to establish math-based trust in an untrusted environment. While exploring the complexity of blockchain applications in different sectors, the emerging risks are also examined from a management perspective. In particular, it is aimed to be a key work that the management levels of the enterprises can benefit from in the decision-making processes. It will be seen that blockchain technologies will be used unlimitedly in design, planning, management and decision making. This book will also introduce new visions for practitioners to use different blockchain technologies and methodologies to face problems.

Driving Decentralization and Disruption With Digital Technologies

Verma, Balraj,Singla, Babita,Mittal, Amit
Driving Decentralization and Disruption With Digital Technologies Book PDF

Author : Verma, Balraj,Singla, Babita,Mittal, Amit
Publisher : IGI Global
Page : 342 pages
File Size : 54,8 Mb
Release : 2024-02-26
Category : Computers
ISBN : 9798369332542

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Driving Decentralization and Disruption With Digital Technologies by Verma, Balraj,Singla, Babita,Mittal, Amit Pdf

Amid an unprecedented digital revolution, our society grapples with profound challenges, from the upheaval of traditional global systems to the ethical implications of technology's inexorable advance. As academic scholars seek a comprehensive understanding of this dynamic environment, Driving Decentralization and Disruption With Digital Technologies emerges as a beacon of insight. This compelling book confronts the intricate issues spawned by decentralization, de-globalization, and the transformative power of digital technologies, providing a roadmap for traversing the complexities of our digitally connected world. The book starts by unraveling the disruptive forces at play, shedding light on the threats posed to existing hierarchies and the potential consequences for disadvantaged groups. Digital disintermediation, driven by platforms and peer-to-peer networks, shakes the foundations of traditional economic systems, leaving banks and markets in flux. As global relationships redefine themselves in the face of decentralized markets, supply chains, and economic ties, scholars grapple with the profound implications for the future.

Blockchain Technology in Corporate Governance

Kiran Sood,Rajesh Kumar Dhanaraj,Balamurugan Balusamy,Seifedine Kadry
Blockchain Technology in Corporate Governance Book PDF

Author : Kiran Sood,Rajesh Kumar Dhanaraj,Balamurugan Balusamy,Seifedine Kadry
Publisher : John Wiley & Sons
Page : 453 pages
File Size : 41,9 Mb
Release : 2022-10-13
Category : Computers
ISBN : 9781119865223

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Blockchain Technology in Corporate Governance by Kiran Sood,Rajesh Kumar Dhanaraj,Balamurugan Balusamy,Seifedine Kadry Pdf

BLOCKCHAIN TECHNOLOGY IN CORPORATE GOVERANCE This book investigates the recent applications of blockchain technology in financial services, energy sector, and summarizes regulatory responses, to set the scene for future work on corporate governance. This edited book highlights the current governance framework for the blockchain and its development as a self-governing framework. It discusses blockchain technology’s effectiveness in developing solutions for supply chains, trade finance, and banking. Moreover, it shows how banking and financial institutions are the major beneficiaries of this decentralized technology. Furthermore, the book outlines the link between company governance theories, regulatory, ethical, and social controls, and blockchain adoption. It also investigates the recent applications of blockchain technology in financial services, the health sector, and the energy sector. Audience The book is specially designed for researchers, industrialists, engineers, graduate students, and policymakers, who aspire to learn, discuss, and carry out further research into the opportunities offered by blockchain and the possible ways of regulating it.