A Proposed Framework for Financial Institutions Using Blockchain Tecnology

Abstract

Blockchain technology plays a pivotal role in the banking industry, being recognized as one of the most crucial sectors. With the financial market expanding and the demand for banking services on the rise, the need for a robust banking system capable of offering top-notch services to clients is paramount. Regrettably, the current banking system in Egypt falls short of meeting these requirements. However, there is hope on the horizon, as blockchain technology has garnered widespread interest in the global banking community for its potential to mitigate fraud and other threats to banking operations. This study offers a concise overview of various blockchain architectures and trading systems, delving into their types and the popular platforms currently being utilized worldwide., such as Automated Clearing House (ACH).