Role of Smart Contract Technology Blockchain Services in Finance and Banking Systems: Concept and Core Values

Younus, Ahmed Muayad; Abumandil, Mohanad

doi:10.2139/ssrn.4078566

Cited by 9 publications

(6 citation statements)

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“…Younus et al [58] highlighted the need for improved standards across the board in banking and financial services as well as the possibility for decentralized solutions offered by blockchain technology to maintain the secrecy and integrity of financial data. The paper explores the idea of smart contracts for blockchain-based financial systems and discusses the needs and difficulties for such systems.…”

Section: ) Financementioning

confidence: 99%

Exploring the Potential of Blockchain Technology in an IoT-Enabled Environment: A Review

Deepak,

Gulia,

Gill

et al. 2024

IEEE Access

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Internet of Things (IoT) plays an essential contribution in connecting devices and enabling seamless data exchange, leading to increased efficiency and convenience. However, security concerns in IoT systems are significant, as compromised devices can lead to data breaches and privacy violations. Blockchain technology can enhance IoT security by providing decentralized consensus, immutability, and transparent transaction records, ensuring secure and trustworthy communication and data integrity. This review article gives a succinct but thorough understanding of blockchain technology, covering architecture of blockchain, working principles, types, applications, platforms, and its role in the IoT environment. The study highlights potential benefits of blockchain like enhanced security and privacy, and explores its integration with IoT. Additionally, the study discusses various real-world applications, examines blockchain platforms, and addresses the limitations and challenges associated with blockchain technology. This review serves as a valuable resource for researchers and practitioners seeking a deeper understanding of blockchain's potential and its implications in the IoT landscape.INDEX TERMS Blockchain, Data Exchange, Internet of Things (IoT), Privacy, Security.

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Section: ) Financementioning

confidence: 99%

Exploring the Potential of Blockchain Technology in an IoT-Enabled Environment: A Review

Deepak,

Gulia,

Gill

et al. 2024

IEEE Access

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“…Venkatesh, Michael, Gordon, and Fred developed the UTAUT model in 2003. Venkatesh et al reported in journals [7,8,9,20] that there are four (four) core variables: facilitating conditions, social influence, effort expectancy, and performance expectancy. The moderator variables are self-selection, experience, age, and gender.…”

Section: Unified Theory Of Technology Acceptance and Use (Utaut)mentioning

confidence: 99%

The Role of Behavioural Intentions in Implementation of Bitcoin Digital Currency Factors in Terms of Usage and Acceptance in New Zealand: Cyber Security and Social Influence

Younus

Tarazi

Younis³

et al. 2022

ECS Trans.

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Bitcoin, Dogecoin, Litecoin, Dash coin, Ripple, and Stellar are just a few of the numerous cryptocurrencies available today. Bitcoin is the most widely used cryptocurrency in various parts of the world. The objective, of this research to ascertain analyses the beneficial effects of social affect and cybersecurity on the use and acceptance of bitcoin.to ascertain and analyses the beneficial influence of examines the behavioural intention as a moderating factor, the relationship between social influence and cyber security and bitcoin use behaviour and acceptance in New Zealand. 497 questionnaires were distributed, and 328 completed questionnaires were returned and analysed, yielding a response rate of 68%. respondents provided their information voluntary a unique link emailed to every one of our samples. the survey. Used hierarchical moderated regression analysis to test the hypotheses (H1, H2, H3, H4). Spss were used to test two sets of linear regression models. the data collection instrument for this study was an online questionnaire. according to the findings, behavioural intention has a significant beneficial effect on social influence and cybersecurity on bitcoin use behaviour and acceptance. additionally, social influence, as well as cybersecurity, have a support positive impact of bitcoin use behaviour and acceptance in New Zealand. the implications for the research on the use of bitcoin are expected to provide education about bitcoin. enhance the security of financial transactions, provide informative pertaining for the regulation that permit use and provide benefits for entice and retain customers in terms bitcoin users. Technological advancements have resulted in a significant

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“…The study by Muayad and Abumandil, (2022) has identified several challenges that must be solved before implementing the blockchainbased smart contract use cases. The challenges are, firstly, the obstacles related to the system's scalability.…”

Section: Smart Contract Challengesmentioning

confidence: 99%

“…One of the possible reasons for this is that they may wish to maintain expense data on hand; thus they still can charge fees to their customers. Hence, to ensure the success of smart contract implementation, trust must be built between multiple entities, such that each company agrees to exchange data for the benefit of everyone in systems of finance and banking (Muayad & Abumandil, 2022).…”

Section: Smart Contract Challengesmentioning

confidence: 99%

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Implementation of Smart Contract Technology in Financial Services Institutions

Susanto

Masrek

Khairuddin

2022

E-BPJ

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The popularity of blockchain-based applications has pushed the advancement of a smart contract as an essential part of the blockchain platform. Previous research has validated that smart contracts can facilitate many functions in financial services companies such as banking and insurance. A smart contract is useful to automate the execution of an agreement by initiating steps when a certain circumstance is fulfilled; thus, it can eliminate the role of any middlemen or waste time. This study explores the basic concepts of blockchain-based applications, smart contracts, advantages, challenges, and potential implementation in the financial services industry. Keywords: Blockchain, smart contract, Ethereum, crypto eISSN: 2398-4287 © 2022. The Authors. Published for AMER ABRA cE-Bs by E-International Publishing House, Ltd., UK. This is an open-access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/). Peer-review under the responsibility of AMER (Association of Malaysian Environment-Behavior Researchers), ABRA (Association of Behavioral Researchers on Asians), and cE-Bs (Centre for Environment-Behavior Studies), Faculty of Architecture, Planning & Surveying, Universiti Teknologi MARA, Malaysia.

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Role of Smart Contract Technology Blockchain Services in Finance and Banking Systems: Concept and Core Values

Cited by 9 publications

References 0 publications

Exploring the Potential of Blockchain Technology in an IoT-Enabled Environment: A Review

Exploring the Potential of Blockchain Technology in an IoT-Enabled Environment: A Review

The Role of Behavioural Intentions in Implementation of Bitcoin Digital Currency Factors in Terms of Usage and Acceptance in New Zealand: Cyber Security and Social Influence

Implementation of Smart Contract Technology in Financial Services Institutions

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