Nikola Filipović: The Banking ecosystem based on blockchain

Undergraduate student Nikola Filipović defended his final paper with the title The Banking ecosystem based on blockchain.

Abstract:

Blockchain technology has become a key player in the financial sector revolution, bringing the promise of transparency, security, and efficiency to banking. Blockchain technology is used in banking to create a secure and transparent ledger of transactions, eliminating the need for centralized intermediaries. It also offers the potential to enhance identity verification processes and strengthen security in banking. This paper explores the fundamental principles of blockchain technology, explaining how transactions and data are stored and verified through a decentralized network of nodes. By examining the role of blockchain in banking, including applications such as smart contracts, consensus algorithms, and more, the aim of the paper is to analyze the blockchain-based banking ecosystem with a particular focus on its prospects and challenges. In accordance with this, this paper proposes the idea of an innovative ecosystem model that will involve new transactions available to legal entities.

Presentation can be seen on the LINK.