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Application of Blockchain Technology in the Field of Financial Management

In: Proceedings of the 2022 2nd International Conference on Financial Management and Economic Transition (FMET 2022)

Author

Listed:
  • Jiaxing Wei

    (University of Sunderland, School of Business and Law)

Abstract

Blockchain is a comprehensive information technology that combines modern database technology, modern cryptography and network management incentives. It is highly valued globally for its irreversibility, decentralization and peer-to-peer transactions. Traditional financial management activities are prone to information distortion and high transaction costs. However, the unique advantages of block chain technology can effectively solve the relevant problems. At the same time, blockchain technology still has shortcomings of insufficient capacity and high privacy risks, so future applications need to be upgraded and optimized in current practice.

Suggested Citation

  • Jiaxing Wei, 2023. "Application of Blockchain Technology in the Field of Financial Management," Advances in Economics, Business and Management Research, in: Vilas Gaikar & Min Hou & Sikandar Ali Qalati (ed.), Proceedings of the 2022 2nd International Conference on Financial Management and Economic Transition (FMET 2022), pages 291-298, Springer.
  • Handle: RePEc:spr:advbcp:978-94-6463-054-1_33
    DOI: 10.2991/978-94-6463-054-1_33
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