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Blockchain Technology and Its Applications in FinTech

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Intelligent, Secure, and Dependable Systems in Distributed and Cloud Environments (ISDDC 2018)

Part of the book series: Lecture Notes in Computer Science ((LNPSE,volume 11317))

Abstract

In this short paper we introduce the basics of blockchain technology including its many advantages and why and how they possess a number of attractive attributes for the banking and financial-services industry to simplify business processes while maintaining safe, trustworthy records of business agreement and transactions. In particular, some typical examples of applying blockchain in Financial Technology (FinTech) are discussed, including such as applying Bitcoin to drive various new business services, and implementing smart contracts based on blockchain technology to oversee the execution of legal transactions in real time. In addition, a pioneer effort of building up a distributed-ledger consortium model is addressed in the near future work.

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Author information

Authors and Affiliations

  1. Department of Computer Science, Keene State College, USNH, Durham, USA

    Wei Lu

  2. Peter T. Paul College of Business and Economics, University of New Hampshire, Durham, NH, USA

    Wei Lu

Authors
  1. Wei Lu
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Corresponding author

Correspondence to Wei Lu .

Editor information

Editors and Affiliations

  1. University of Victoria, Victoria, BC, Canada

    Issa Traore

  2. Ryerson University, Toronto, ON, Canada

    Isaac Woungang

  3. University of Windsor, Windsor, ON, Canada

    Sherif Saad Ahmed

  4. Concordia University of Edmonton, Edmonton, AB, Canada

    Yasir Malik

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Lu, W. (2018). Blockchain Technology and Its Applications in FinTech. In: Traore, I., Woungang, I., Ahmed, S., Malik, Y. (eds) Intelligent, Secure, and Dependable Systems in Distributed and Cloud Environments. ISDDC 2018. Lecture Notes in Computer Science(), vol 11317. Springer, Cham. https://doi.org/10.1007/978-3-030-03712-3_10

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  • DOI: https://doi.org/10.1007/978-3-030-03712-3_10

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-030-03711-6

  • Online ISBN: 978-3-030-03712-3

  • eBook Packages: Computer ScienceComputer Science (R0)

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