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International Journal for Research Trends and Innovation
International Peer Reviewed & Refereed Journals, Open Access Journal
ISSN Approved Journal No: 2456-3315 | Impact factor: 8.14 | ESTD Year: 2016
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Impact Factor : 8.14
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Volume Published : 11
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| Paper Title: | THE IMPLICATIONS OF CRYPTOCURRENCY AND BLOCKCHAIN TECHNOLOGY ON CONVENTIONAL FINANCIAL SYSTEMS |
| Authors Name: | VIJAYACHANDER.V.S , PRABHAKARAN.S |
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IJRTI_189554
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| Published Paper Id: | IJRTI2404081 |
| Published In: | Volume 9 Issue 4, April-2024 |
| DOI: | |
| Abstract: | The advent of blockchain technology and cryptocurrencies has caused a paradigm change in the conventional financial systems. The effects of these innovations on traditional financial institutions and regulatory frameworks are examined in this research. Cryptocurrencies, like Ethereum and Bitcoin, allow peer-to-peer transactions without middlemen and provide a safe, decentralised alternative to existing financial systems. The foundation of cryptocurrency, blockchain technology, makes record-keeping transparent and unchangeable, which lessens the need for trust in financial transactions. The integration of cryptocurrencies and blockchain technology into current financial infrastructures presents both benefits and challenges, including issues with security, regulation, and financial stability. These issues are covered in this abstract. In addition, it looks at ways that established financial institutions and newly formed cryptocurrency platforms could work together to minimise risks and maximise the advantages of this game- changing technology. In the end, this study seeks to shed light on how finance is changing in the digital era and to encourage more investigation into the relationship between cryptocurrencies, blockchain technology, and established financial systems. This abstract explores the possible advantages and disadvantages of cryptocurrencies and blockchain technology, including their effects on financial markets, difficulties with regulations, and environmental issues arising from energy-intensive mining operations. |
| Keywords: | Blockchain, online payments, cryptocurrency, and security. |
| Cite Article: | "THE IMPLICATIONS OF CRYPTOCURRENCY AND BLOCKCHAIN TECHNOLOGY ON CONVENTIONAL FINANCIAL SYSTEMS", International Journal for Research Trends and Innovation (www.ijrti.org), ISSN:2455-2631, Vol.9, Issue 4, page no.574 - 578, April-2024, Available :http://www.ijrti.org/papers/IJRTI2404081.pdf |
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2456-3315 | IMPACT FACTOR: 8.14 Calculated By Google Scholar| ESTD YEAR: 2016 An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.14 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator |
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Published Paper ID: IJRTI2404081
Registration ID:189554
Published In: Volume 9 Issue 4, April-2024
DOI (Digital Object Identifier):
Page No: 574 - 578 Country: NAMAKKAL, TAMIL NADU, India Research Area: Management Publisher : IJ Publication Published Paper URL : https://www.ijrti.org/viewpaperforall?paper=IJRTI2404081 Published Paper PDF: https://www.ijrti.org/papers/IJRTI2404081 |
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ISSN: 2456-3315
Impact Factor: 8.14 and ISSN APPROVED,
Journal Starting Year (ESTD) : 2016
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