The Role of Blockchain Technology in Modern Financial Management
DOI:
https://doi.org/10.71366/ijwos03032637326Keywords:
• Increased financial transparency • Reduction in operational costs • Improved transaction speed • Higher security in financial systems • Greater trust among stakeholders • Better compliance with regulations
Abstract
Blockchain technology is changing the way financial systems work in modern organizations. It helps businesses store and transfer data securely without the need for intermediaries. This improves transparency, reduces fraud, and increases the efficiency of financial transactions.
This paper discusses how blockchain technology affects financial management decisions. It examines how blockchain improves transparency, security, and trust in financial systems. Blockchain systems allow companies to track transactions in real time and maintain immutable records.
Organizations can analyze financial transactions quickly using blockchain technology. They use tools like smart contracts and distributed ledgers to automate processes and improve accountability.
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This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
