BLOCKCHAIN TECHNOLOGY - THE ULTIMATE DISRUPTION IN THE FINANCIAL SECTOR

In today’s world technological advancements is taking place in a rapid manner in each and every industry. Inspite of technological world, the financial sector is most likely to be impacted by the technical disruption.Over a decade technological modifications are being introduced which helps to comfort the process and the speed of conducting financial transactions. There are certain issues in financial sector such as fraud, scams, payment system, intermediation accounting practices etc.Block chain is a technology that overcomes the struggles faced by the financial sector. The underlying aspect for the emergence of block chain technology is the disruption faced by today’s world. Under this study we just outline the aspects of a blockchain technology and explains the way how it resolve the issues.