Blockchain-based financial systems: Trust, transparency, and the future of decentralized finance

Abstract

Blockchain-based financial systems: Trust, transparency, and the future of decentralized financeBlockchain technology is increasingly recognized as one of the most transformative innovations in contemporary finance (Andronie et al., 2024).By embedding verification, trust, and transparency into decentralized digital infrastructures, it challenges conventional assumptions regarding the organization, regulation, and governance of financial systems (Turek et al., 2023;Balcerzak & Valaskova, 2024).The conceptual foundations and practical implications of blockchain-based financial systems are examined, with particular emphasis on three interrelated dimensions: the reconfiguration of trust, the emergence of transparency as a systemic aFribute, and the evolving architecture of decentralized finance (Lzroiu et al.,