THE APPLICATION POTENTIAL OF THE BLOCK CHAIN TECHNOLOGY IN FINANCIAL MARKETS

Institutions and real people need to be able to manage the change that comes with financial technology. Finance and technology are two dynamic elements of life. Being able to execute financial operations independent of place enables direct communication between people. The basis for this kind of a f...

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Autores principales:	Meltem KESKİN KÖYLÜ, Troya Çağıl KÖYLÜ
Formato:	article
Lenguaje:	DE EN FR TR
Publicado:	Fırat University 2019
Materias:	blockchain financial technology bitcoin intermediary institutions trade Social Sciences H Social sciences (General) H1-99
Acceso en línea:	https://doaj.org/article/1c1668484e234782899b0a0963c1f03c
Etiquetas:	Agregar Etiqueta Sin Etiquetas, Sea el primero en etiquetar este registro!

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spelling	oai:doaj.org-article:1c1668484e234782899b0a0963c1f03c2021-11-24T09:20:43ZTHE APPLICATION POTENTIAL OF THE BLOCK CHAIN TECHNOLOGY IN FINANCIAL MARKETS2148-416310.9761/JASSS7446https://doaj.org/article/1c1668484e234782899b0a0963c1f03c2019-08-01T00:00:00Zhttps://jasstudies.com/index.jsp?mod=tammetin&makaleadi=708273034_26-Yrd.%20Do%C3%A7.%20Dr.%20Meltem%20Keskin%20K%C3%B6yl%C3%BC.pdf&key=28636https://doaj.org/toc/2148-4163Institutions and real people need to be able to manage the change that comes with financial technology. Finance and technology are two dynamic elements of life. Being able to execute financial operations independent of place enables direct communication between people. The basis for this kind of a financial technology can be formed by the distributed financial database (blockchain), which includes a financial technology architecture and its management strategy. The blockchain also forms the basis for the digital currency bitcoin, and brings focus to the commercial life itself, as it makes economic mediators such as banks, corporations and states obsolete. Blockchain enables transaction verification from different multiple sources and transparently keeps account records. Thus, it decentralizes the trade and enables no mediator interaction between sellers and buyers, a system that is bound to be common in markets. Existence of no authoritative corporation or mediator, no cost money transfer and the verification from multiple sources are all assets that enable trust and fast operation in the blockchain technology, as it becomes more and more popular. With this study, the digital account function called blockchain is discussed to be used in financial markets and national/international trade. To this end, how the blockchain works, data integrity that it provides, its availability and reliability, as well as its applicability to the trade are discussed.Meltem KESKİN KÖYLÜTroya Çağıl KÖYLÜFırat Universityarticleblockchainfinancial technologybitcoinintermediary institutionstradeSocial SciencesHSocial sciences (General)H1-99DEENFRTRJournal of Academic Social Science Studies , Vol 10, Iss 63, Pp 359-372 (2019)
institution	DOAJ
collection	DOAJ
language	DE EN FR TR
topic	blockchain financial technology bitcoin intermediary institutions trade Social Sciences H Social sciences (General) H1-99
spellingShingle	blockchain financial technology bitcoin intermediary institutions trade Social Sciences H Social sciences (General) H1-99 Meltem KESKİN KÖYLÜ Troya Çağıl KÖYLÜ THE APPLICATION POTENTIAL OF THE BLOCK CHAIN TECHNOLOGY IN FINANCIAL MARKETS
description	Institutions and real people need to be able to manage the change that comes with financial technology. Finance and technology are two dynamic elements of life. Being able to execute financial operations independent of place enables direct communication between people. The basis for this kind of a financial technology can be formed by the distributed financial database (blockchain), which includes a financial technology architecture and its management strategy. The blockchain also forms the basis for the digital currency bitcoin, and brings focus to the commercial life itself, as it makes economic mediators such as banks, corporations and states obsolete. Blockchain enables transaction verification from different multiple sources and transparently keeps account records. Thus, it decentralizes the trade and enables no mediator interaction between sellers and buyers, a system that is bound to be common in markets. Existence of no authoritative corporation or mediator, no cost money transfer and the verification from multiple sources are all assets that enable trust and fast operation in the blockchain technology, as it becomes more and more popular. With this study, the digital account function called blockchain is discussed to be used in financial markets and national/international trade. To this end, how the blockchain works, data integrity that it provides, its availability and reliability, as well as its applicability to the trade are discussed.
format	article
author	Meltem KESKİN KÖYLÜ Troya Çağıl KÖYLÜ
author_facet	Meltem KESKİN KÖYLÜ Troya Çağıl KÖYLÜ
author_sort	Meltem KESKİN KÖYLÜ
title	THE APPLICATION POTENTIAL OF THE BLOCK CHAIN TECHNOLOGY IN FINANCIAL MARKETS
title_short	THE APPLICATION POTENTIAL OF THE BLOCK CHAIN TECHNOLOGY IN FINANCIAL MARKETS
title_full	THE APPLICATION POTENTIAL OF THE BLOCK CHAIN TECHNOLOGY IN FINANCIAL MARKETS
title_fullStr	THE APPLICATION POTENTIAL OF THE BLOCK CHAIN TECHNOLOGY IN FINANCIAL MARKETS
title_full_unstemmed	THE APPLICATION POTENTIAL OF THE BLOCK CHAIN TECHNOLOGY IN FINANCIAL MARKETS
title_sort	application potential of the block chain technology in financial markets
publisher	Fırat University
publishDate	2019
url	https://doaj.org/article/1c1668484e234782899b0a0963c1f03c
work_keys_str_mv	AT meltemkeskinkoylu theapplicationpotentialoftheblockchaintechnologyinfinancialmarkets AT troyacagılkoylu theapplicationpotentialoftheblockchaintechnologyinfinancialmarkets AT meltemkeskinkoylu applicationpotentialoftheblockchaintechnologyinfinancialmarkets AT troyacagılkoylu applicationpotentialoftheblockchaintechnologyinfinancialmarkets
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THE APPLICATION POTENTIAL OF THE BLOCK CHAIN TECHNOLOGY IN FINANCIAL MARKETS

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