Centralized Versus Decentralized Technology in the Financial Industry

Abstract

The main purpose of this research is to discuss the impact, potential, and risk of decentralized technology to the centralized technology finance industry. This study will give perspective to companies, organizations, the financial industry, individuals, and investors to consider what decision should they take. This study uses a systematic literature review as the research method. The stage of the methodology is by searching for studies, data extraction, quality assessment, and synthesizing data. The result of this study is there is advantage and disadvantage to using centralized and decentralized technology in the financial industry. Integrating both systems will give beneficial but there is also a risk to consider before integrating both systems so the institution must agree on rules. Investors and users need the education to use the technology. For this study, further research is needed to know how to implement decentralization into centralization technology, and how to effectively educate and distribute the information to the users