Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/318741 
Year of Publication: 
2020
Citation: 
[Journal:] Business Systems Research (BSR) [ISSN:] 1847-9375 [Volume:] 11 [Issue:] 3 [Year:] 2020 [Pages:] 110-126
Publisher: 
Sciendo, Warsaw
Abstract: 
Background BlockChain technology was invented to support bitcoin, currently the most popular virtual currency. Objectives The purpose of this paper is to investigate contemporary BlockChain platforms in financial services. Methods/Approach An unstructured literature review has been used. Results BlockChain in financial services is mostly associated with bitcoin exchange. However, this is a partial view of both BlockChain technology and its possible adoption for financial services: in fact, many BlockChain platforms are now available and many different financial services can be effectively supported by BlockChain platforms, even though they are not based on virtual-money exchange. Furthermore, people are attracted by the concept of smart contract, i.e., a contract that is automatically executed by computer technology, without human intervention. Conclusions The contribution of this paper is twofold: first of all, we introduce the four BlockChain platforms that are now most popular, discussing how they support the smart contract concept; second, we identify some typical categories of financial services, matching each of them with the platform that provides the best support for each category.
Subjects: 
BlockChain history
BlockChain characterization
smart contracts
perspective BlockChain in financial services
JEL: 
L86
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

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