International Journal of Emerging and Disruptive Innovation in Education : VISIONARIUM


Blockchain Technology is a distributed database technology that has emerged as a ground-breaking technology with several possible solutions to critical applications, say from supply chain management, agribusiness, marketing to healthcare industry including internet of medical things. Although it started as a digital coin (popularly known as bitcoin), it is slowly influencing business, marketing policy and society. We have presented an in-depth study and ethical analysis of how blockchain is applied over the economic and financial sector including banks, credit unions and other retail giants. During our research, we have also investigated how blockchain technology can affect financial institutions around the world and businesses including large and small businesses. Our contributions included the following: (i) classifying blockchain models and architecture for finance and business markets (ii) analyzing recent and relevant works for finance applications and business solutions using blockchain (iii) discussing the advantages of using blockchain technology in financial institutions like banks, government firms. education sectors (iv) pointing out challenges and issues of blockchain technology for finance and business organizations (v) summarizing future research on integration and adaptation of blockchain technology along with C2C, B2C, and B2B with finance and recommendations for improvement.


28 June 2023


To view the April 21, 2023 presentation related to this paper, please visit here.



To view the content in your browser, please download Adobe Reader or, alternately,
you may Download the file to your hard drive.

NOTE: The latest versions of Adobe Reader do not support viewing PDF files within Firefox on Mac OS and if you are using a modern (Intel) Mac, there is no official plugin for viewing PDF files within the browser window.