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T.A., S. (2018). Use of Blockchain in the Banking System. KnE Social Sciences, 3(2), 576-582. https://doi.org/10.18502/kss.v3i2.1592

https://doi.org/10.18502/kss.v3i2.1592

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authors

  • Stas T.A.

    Stas T.A.

    Sevastopol State University, Master, 299053, str. University, 33, Sevastopol

Published Date

  • Feb 15, 2018

Use of Blockchain in the Banking System

KnE Social Sciences / III Network AML/CFT Institute International Scientific and Research Conference "FinTech and RegTech" / Pages 576-582

Abstract

To date, blockchain technology is relevant in all areas and the banking system is not an exception. New technologies, such as blockchain technology should be introduced in the modern banking system, since they provide control over cryptocurrency that will help in counteracting money-laundering and financing of terrorism in the country and around the world. This article considers existing and new options of applying technology in practice and the problem of blockchain.

 

Keywords: blockchain technology, cryptocurrency, micro-payments, a distributed registry.

References
[1] Data analysis company CB Insights ”Banking Is Only The Start: 20 Big Industries Where Blockchain Could Be Used,” July 2016 g. [Electronic resource] https://www.cbinsights.com/blog/industries-disrupted-blockchain/


[2] Data company Accenture ”Join the blockchain party. How banks are building a real-time global payment network [Electronic resource] https://www.accenture.com/us-en/insight-blockchain-technology-how-banksbuilding-real-time


[3] Information Agency RIA Novosti/Prime ”technology of distributed registries in 2017,. 80% embed want banks, October 2016 [electronic resource] http://1prime.ru/finance/20161013/826652428.html


[4] News Agency TAdviser ”Blokchejn in The Central Bank of Russia», October 2017 [electronic resource] http://www.tadviser.ru/index.php/Cтатья:Блокчейн_ в_ЦБ_России


[5] News Agency News ”CB will solve the problem of off-balance-sheet savers using blockchain”, June 2016 [electronic resource] http://izvestia.ru/news/616634


[6] The data of the Association of Russian banks ”About 90% of large banks in the United States and Europe are exploring the use of blokchejn technology for payments, October 2016 [electronic resource] http://arb.ru/b2b/news/okolo_ 90_krupnykh_bankov_v_ssha_i_evrope_issleduyut_primenenie_tekhnologii_ blokch-10058577/


[7] The data of the Association of Russian banks ”Blokchejn postponed: doubts regulators — the main barrier, October 2016 [electronic resource] http: //arb.ru/b2b/trends/blokcheyn_otkladyvaetsya_somneniya_regulyatorov_ osnovnoy_barer-10054218/