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Blockchain and Financial Services a Study of the Applications of Distributed Ledger Technology (DLT) in Financial Services

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Advanced Information Networking and Applications (AINA 2024)

Part of the book series: Lecture Notes on Data Engineering and Communications Technologies ((LNDECT,volume 204))

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Abstract

Untrusted parties can agree on a database’s status without the need for an intermediary thanks to blockchain technology. A blockchain could eliminate the need for banks to supply some financial services like payments and securitization by offering a ledger that is not managed by anyone. Furthermore, blockchain enables the deployment of “smart contracts,” which are self-executing contracts written on the network that can automate a variety of manual tasks, including will distribution and compliance as well as claim processing. “Distributed ledger technology (DLT),” a relative of blockchain, may assist companies in enforcing more stringent regulations and policies on data exchange and cooperation for use cases that don’t require a high degree of decentralization but could benefit from improved coordination.

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Author information

Authors and Affiliations

  1. Department of Computer Engineering, AI and Robotics Institute, Research Center for AI and IoT, Near East University, Nicosia, Mersin 10, Turkey

    Ramiz Salama

  2. Computer Science, University of Camerino, Camerino, Italy

    Diletta Cacciagrano

  3. Artificial Intelligence, Software, and Information Systems Engineering Departments, AI and Robotics Institute, Near East University, Nicosia, Mersin10, Turkey

    Fadi Al-Turjman

  4. Research Center for AI and IoT, Faculty of Engineering, University of Kyrenia, Kyrenia, Mersin10, Turkey

    Fadi Al-Turjman

Authors
  1. Ramiz Salama
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  2. Diletta Cacciagrano
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  3. Fadi Al-Turjman
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Corresponding author

Correspondence to Ramiz Salama .

Editor information

Editors and Affiliations

  1. Department of Information and Communication Engineering, Fukuoka Institute of Technology, Fukuoka, Japan

    Leonard Barolli

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© 2024 The Author(s), under exclusive license to Springer Nature Switzerland AG

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Salama, R., Cacciagrano, D., Al-Turjman, F. (2024). Blockchain and Financial Services a Study of the Applications of Distributed Ledger Technology (DLT) in Financial Services. In: Barolli, L. (eds) Advanced Information Networking and Applications. AINA 2024. Lecture Notes on Data Engineering and Communications Technologies, vol 204. Springer, Cham. https://doi.org/10.1007/978-3-031-57942-4_14

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