Abstract
Abstract: This comprehensive article explores the transformative potential of blockchain technology in the FinTech sector, addressing current challenges and opportunities. It examines the evolving landscape of FinTech, discusses supply chain inefficiencies, administrative overheads, and error-prone systems, and presents blockchain as a solution to these issues. The article delves into the benefits of permissioned blockchains, the importance of scalability and interoperability, and the role of blockchain in building trust-based models. It also covers ROI predictions, implementation strategies, regulatory considerations, and future trends. Through case studies and best practices, the article provides insights into successful blockchain adoption in FinTech, offering a roadmap for industry stakeholders to leverage this technology for enhanced efficiency, security, and innovation in financial services.
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More From: International Journal for Research in Applied Science and Engineering Technology
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