Abstract
We are currently witnessing a change in the world, parallel to that of the Internet in the 1990s. Blockchain technologies are re-configuring the global economy and are poised to transform various industries. This paper will focus on how it is disrupting several finance practices. We need new understandings of this revolutionizing technology and how its implementation has disruptive capabilities. In this paper, we provide an initial examination of the technology itself and trace the technology emergence to Bitcoin. We also present an overview of the four-key constructs of blockchain technology and note the key differences between public and private blockchain. We then provide a literature review of opportunities for financial markets. Then, we discuss various organizations that have been created due to blockchain technology and if they have lived up to their name. Finally, ending with the possible implications this technology has on society.
Semester/Year of Award
Spring 2019
Mentor
Benjamin Woodruff
Mentor Professional Affiliation
Accounting, Finance, and Information Systems
Access Options
Restricted Access Thesis
Document Type
Bachelor Thesis
Degree Name
Honors Scholars
Degree Level
Bachelor's
Department
Business
Department Name when Degree Awarded
Accounting, Finance, and Information Systems
Recommended Citation
Vasquez-Solis, Alexander, "Disruption in Finance: Blockchain’s Financial Applications and Implications on Society" (2019). Honors Theses. 636.
https://encompass.eku.edu/honors_theses/636