September 10, 2024Ā· International Journal of Blockchains and Cryptocurrencies
article
Open access
BLOCKCHAIN AND SMART CONTRACTS FOR FINANCIAL TRANSPARENCY AND RISK MITIGATION IN BANKING AND BUSINESS TRANSACTIONS
Authors:Oladipo SopitanKayode S AdetolaAzeezat Wahab MorenikejiJoye Ahmed ShonubiEchezona Uzoma
Abstract
Blockchain combined with smart contracts in banking and business dealings has emerged as an innovative method to enhance financial transparency while reducing potential risks. The earlier decentralized immutable ledger known as blockchain ensures transaction security and verification while minimizing fraudulent activities and operational shortcomings. Smart contracts function as self-expiring agreements withBlockchain and Smart Contracts for Financial Transparency and Risk Mitigation in Banking and Business Transactions https://iaeme.com/Home/journal/IJBC 2
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