Understanding Modern Banking Ledgers Through Blockchain Technologies: Future of Transaction Processing and Smart Contracts on the Internet of Money

Gareth William Peters, Efstathios Panayi
2015 Social Science Research Network  
In this chapter we provide an overview of the concept of blockchain technology and its potential to disrupt the world of banking through facilitating global money remittance, smart contracts, automated banking ledgers and digital assets. In this regard, we first provide a brief overview of the core aspects of this technology, as well as the second-generation contract-based developments. From there we discuss key issues that must be considered in developing such ledger based technologies in a
more » ... king context. arXiv:1511.05740v1 [cs.CY] 18 Nov 2015
doi:10.2139/ssrn.2692487 fatcat:qcub4ko6ujcghohenwhkcj5qrm