| M. M. Kotun
USE OF BLOCKCHAIN TECHNOLOGIES IN CORPORATE FINANCE
ID number: J202324
Abstract: In the era of the digital revolution, organizations are influenced by rapidly developing and changing technologies. Blockchain technology has made significant progress in recent years and may significantly influence the development of the financial sector in the future. Initially, blockchain technology was created for the introduction of the Bitcoin cryptocurrency, but now it has become an object of interest for researchers, entrepreneurs, and innovators. Experts consider blockchain to be an innovative tool, the ways of using which go beyond its original purpose. In the light of these circumstances, new opportunities and challenges arise. Researchers from all over the world are wondering which business models of the financial sector will become obsolete, how blockchain technologies can impact the sphere of corporate financ improve the efficiency and reliability of processes, reduce costs, or reduce risks. This article discusses current trends and prospects for the development of blockchain technology within the financial sector and corporate finance. The article analyzes the main directions of changes in blockchain technologies of established business processes and financial functions within the company. The purpose of this article is to explore the possibilities of using blockchain technology in corporate finance and identify the challenges associated with its implementation. This article also presents current examples of the application of blockchain technology in the market and forecasts its future potential in the financial sector.
Key-words: blockchain technologies, cryptocurrencies, digitalization, corporate finance, innovation, financial sector
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