Vivian Obakpolor

Computer Science (Ghana) | Year 3 | Degree: BSc. in Computer Science

Application of Blockchain in the Banking Sector

Banks are the sector that hold funds in the world today but they have had issues for the longest time (fraud, slow processes and so on) and the rise of Blockchain has also been very impactful to solving the problems of the banks. Blockchain is an immutable distributed ledger that runs on a peer to peer network and takes records of daily transactions in the network between nodes. This research aims to see how effective blockchain is in the banking sector that means doing extensive reading on the current blockchain systems been used in banks and also giving a recommendation on which blockchain based system is best in solving the issues of blockchain in banks.