A Review on Blockchain Applications in Fintech Ecosystem

Bulut Karadag*, Akhan Akbulut, Abdul Halim Zaim

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

2 Citations (Scopus)

Abstract

The term fintech started to become popular from the 90s. With the rapid development of technology and the widespread use of the internet, Fintech has become a sector in itself, especially since 2004. Within the framework of Fintech, there have been a number of advances in ATM, credit cards, debit cards, mobile transactions, internet banking and digital banking infrastructure and transactions. The emergence of Bitcoin in 2008 caused us to hear the term blockchain frequently, and the path of blockchain technology intersected with fintech. The decentralization of the blockchain, thanks to its distributed ledger structure, made it possible to make Bitcoin transfers without intermediaries. After Bitcoin, the emergence of crypto assets like Ethereum opened the way for these transactions to be programmable as an infrastructure. Programmable blockchain infrastructures have started to be used not only in financial transactions, but also in sectors such as health, supply chain, education and insurance. There are different academic studies on applications related to these sectors. However, there is no such a review that includes them all together for finance. In this study, blockchain applications in the fintech ecosystem were investigated and included in a single study. In particular, it was explained in which business it was used and in which business there was a market volume. In addition, possible future blockchain applications were also mentioned.

Original languageEnglish
Title of host publicationICACNIS 2022 - 2022 International Conference on Advanced Creative Networks and Intelligent Systems
Subtitle of host publicationBlockchain Technology, Intelligent Systems, and the Applications for Human Life, Proceeding
PublisherInstitute of Electrical and Electronics Engineers Inc.
ISBN (Electronic)9798350334449
DOIs
Publication statusPublished - 2022
Externally publishedYes
Event2022 International Conference on Advanced Creative Networks and Intelligent Systems, ICACNIS 2022 - Virtual, Online, Indonesia
Duration: 23 Nov 2022 → …

Publication series

NameICACNIS 2022 - 2022 International Conference on Advanced Creative Networks and Intelligent Systems: Blockchain Technology, Intelligent Systems, and the Applications for Human Life, Proceeding

Conference

Conference2022 International Conference on Advanced Creative Networks and Intelligent Systems, ICACNIS 2022
Country/TerritoryIndonesia
CityVirtual, Online
Period23/11/22 → …

Bibliographical note

Publisher Copyright:
© 2022 IEEE.

Keywords

  • Banking
  • Blockchain
  • Blockchain Applications
  • Fintech

Fingerprint

Dive into the research topics of 'A Review on Blockchain Applications in Fintech Ecosystem'. Together they form a unique fingerprint.

Cite this