Blockchain technology development and use case business applications
Cross-border payments could be revolutionized by blockchain technology due to its rapid, safe, and transparent transaction processing. Blockchain-based solutions enable the development of decentralized networks that can enable peer-to-peer transactions without the use of intermediaries like banks. B...
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| Format: | Final Year Project (FYP) |
| Language: | English |
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Nanyang Technological University
2023
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| Online Access: | https://hdl.handle.net/10356/167675 |
| _version_ | 1811690514562416640 |
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| author | Yap, Xavier Qi Xuan |
| author2 | Mohammed Yakoob Siyal |
| author_facet | Mohammed Yakoob Siyal Yap, Xavier Qi Xuan |
| author_sort | Yap, Xavier Qi Xuan |
| collection | NTU |
| description | Cross-border payments could be revolutionized by blockchain technology due to its rapid, safe, and transparent transaction processing. Blockchain-based solutions enable the development of decentralized networks that can enable peer-to-peer transactions without the use of intermediaries like banks. Blockchain technology has the potential to lower cross-border payment costs and enable rapid settlement, doing away with time-consuming processes and exorbitant fees. Additionally, blockchain technology provides improved security features including the use of digital signatures and encryption, which can help prevent fraud and guarantee the accuracy of transactions. The potential advantages of blockchain technology for cross-border payments make it an attractive field for continued investigation and development, even though there are still issues to be solved. Thus, this project aims to utilize the advantage of blockchain technology to improve cross border payments. |
| first_indexed | 2024-10-01T06:05:12Z |
| format | Final Year Project (FYP) |
| id | ntu-10356/167675 |
| institution | Nanyang Technological University |
| language | English |
| last_indexed | 2024-10-01T06:05:12Z |
| publishDate | 2023 |
| publisher | Nanyang Technological University |
| record_format | dspace |
| spelling | ntu-10356/1676752023-07-07T15:52:10Z Blockchain technology development and use case business applications Yap, Xavier Qi Xuan Mohammed Yakoob Siyal School of Electrical and Electronic Engineering EYAKOOB@ntu.edu.sg Engineering::Electrical and electronic engineering Cross-border payments could be revolutionized by blockchain technology due to its rapid, safe, and transparent transaction processing. Blockchain-based solutions enable the development of decentralized networks that can enable peer-to-peer transactions without the use of intermediaries like banks. Blockchain technology has the potential to lower cross-border payment costs and enable rapid settlement, doing away with time-consuming processes and exorbitant fees. Additionally, blockchain technology provides improved security features including the use of digital signatures and encryption, which can help prevent fraud and guarantee the accuracy of transactions. The potential advantages of blockchain technology for cross-border payments make it an attractive field for continued investigation and development, even though there are still issues to be solved. Thus, this project aims to utilize the advantage of blockchain technology to improve cross border payments. Bachelor of Engineering (Electrical and Electronic Engineering) 2023-05-30T05:27:18Z 2023-05-30T05:27:18Z 2023 Final Year Project (FYP) Yap, X. Q. X. (2023). Blockchain technology development and use case business applications. Final Year Project (FYP), Nanyang Technological University, Singapore. https://hdl.handle.net/10356/167675 https://hdl.handle.net/10356/167675 en A3022-221 application/pdf Nanyang Technological University |
| spellingShingle | Engineering::Electrical and electronic engineering Yap, Xavier Qi Xuan Blockchain technology development and use case business applications |
| title | Blockchain technology development and use case business applications |
| title_full | Blockchain technology development and use case business applications |
| title_fullStr | Blockchain technology development and use case business applications |
| title_full_unstemmed | Blockchain technology development and use case business applications |
| title_short | Blockchain technology development and use case business applications |
| title_sort | blockchain technology development and use case business applications |
| topic | Engineering::Electrical and electronic engineering |
| url | https://hdl.handle.net/10356/167675 |
| work_keys_str_mv | AT yapxavierqixuan blockchaintechnologydevelopmentandusecasebusinessapplications |