<abstract xmlns="http://www.w3.org/1999/xhtml">

<sec><h3>Background</h3><p>BlockChain technology was invented to support <italic>bitcoin</italic>, currently the most popular virtual currency.</p></sec>
<sec><h3>Objectives</h3><p>The purpose of this paper is to investigate contemporary BlockChain platforms in financial services.</p></sec>
<sec><h3>Methods/Approach</h3><p>An unstructured literature review has been used.</p></sec>
<sec><h3>Results</h3><p>BlockChain in financial services is mostly associated with <italic>bitcoin</italic> exchange. However, this is a partial view of both BlockChain technology and its possible adoption for financial services: in fact, many BlockChain platforms are now available and many different financial services can be effectively supported by BlockChain platforms, even though they are not based on virtual-money exchange. Furthermore, people are attracted by the concept of <italic>smart contract</italic>, i.e., a contract that is automatically executed by computer technology, without human intervention.</p></sec>
<sec><h3>Conclusions</h3><p>The contribution of this paper is twofold: first of all, we introduce the four BlockChain platforms that are now most popular, discussing how they support the smart contract concept; second, we identify some typical categories of financial services, matching each of them with the platform that provides the best support for each category.</p></sec>
</abstract>

BackgroundBlockChain technology was invented to support bitcoin, currently the most popular virtual currency.
ObjectivesThe purpose of this paper is to investigate contemporary BlockChain platforms in financial services.
Methods/ApproachAn unstructured literature review has been used.
ResultsBlockChain in financial services is mostly associated with bitcoin exchange. However, this is a partial view of both BlockChain technology and its possible adoption for financial services: in fact, many BlockChain platforms are now available and many different financial services can be effectively supported by BlockChain platforms, even though they are not based on virtual-money exchange. Furthermore, people are attracted by the concept of smart contract, i.e., a contract that is automatically executed by computer technology, without human intervention.
ConclusionsThe contribution of this paper is twofold: first of all, we introduce the four BlockChain platforms that are now most popular, discussing how they support the smart contract concept; second, we identify some typical categories of financial services, matching each of them with the platform that provides the best support for each category.

BlockChain Platforms in Financial Services: Current Perspective

Business Systems Research Journal

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

{"article-title":"BlockChain Platforms in Financial Services: Current Perspective"}

BackgroundBlockChain technology was invented to support bitcoin, currently the most popular virtual currency.
ObjectivesThe purpose of this paper is to...

BlockChain Platforms in Financial Services: Current Perspective

Article Category: Research article

Published Online: Dec 03, 2020

Page range: 110 - 126

Received: Feb 25, 2020

Accepted: Jul 06, 2020

DOI: https://doi.org/10.2478/bsrj-2020-0030

Keywords
BlockChain history, BlockChain characterization, smart contracts, perspective BlockChain in financial services

© 2020 Pablo Garcia Bringas et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

BlockChain Platforms in Financial Services: Current Perspective

Article Category: Research article

Published Online: Dec 03, 2020

Page range: 110 - 126

Received: Feb 25, 2020

Accepted: Jul 06, 2020

DOI: https://doi.org/10.2478/bsrj-2020-0030

KeywordsBlockChain history, BlockChain characterization, smart contracts, perspective BlockChain in financial services

© 2020 Pablo Garcia Bringas et al., published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
BlockChain history, BlockChain characterization, smart contracts, perspective BlockChain in financial services