Block chain technology in banking sector

Running head: BLOCK CHAIN TECHNOLOGY IN BANKING SECTOR
Block chain technology in banking sector
Name of the Student
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1BLOCK CHAIN TECHNOLOGY IN BANKING SECTOR
Abstract
The prime objective of the paper is to understand the role of the block chain technology in the
banking sector. The paper will be highlighting the outline of the thesis and the problem statement
in the introductory sections. The research questions will be ensued by the research hypothesis.
The secondary data collection will be presented as Literature Review. The research methodology
will be stating the selected data collection and data analysis procedures of the research along
with the research design. The selected sampling method and research methodology will be
discussed in the paper as well. The paper will be successfully highlighting the implications of the
research as well as the ethical considerations of the paper. The findings of the paper and the
impact of the paper on the field will be presented in the final chapters of this mini research.

2BLOCK CHAIN TECHNOLOGY IN BANKING SECTOR
Table of Contents
Introduction......................................................................................................................................5
Outline of the thesis.........................................................................................................................5
Problem Statement...........................................................................................................................6
Research Question...........................................................................................................................6
Structure of the paper.......................................................................................................................6
Research Hypothesis........................................................................................................................7
Literature Review............................................................................................................................7
Research Methodology..................................................................................................................10
Type of investigation.....................................................................................................................10
Data Collection..............................................................................................................................10
Data Analysis.................................................................................................................................11
Sampling Method...........................................................................................................................11
Research philosophy......................................................................................................................11
Discussion and implication of the research...................................................................................11
Ethical implications.......................................................................................................................12
Findings of the paper.....................................................................................................................12
Impact on the field.........................................................................................................................12
Conclusion.....................................................................................................................................13
Reference.......................................................................................................................................15

3BLOCK CHAIN TECHNOLOGY IN BANKING SECTOR
Introduction
The foremost determination of the paper is to focus on the application of the
specifications provided by block chain technology in the banking sector industry.
Block chain technology is defined as the type of technology which are very much
important to manage huge complex information in different industries such as the banking sector
industries (Pilkington, 2016). The community of the users of numerous industries can be
improved with the help of the block chain technology. The centralized servers of the business
organizations are managed with the help of the block chain technology. The client server
network model can be also improved with the help of the block chain technology (Peters &
Panayi, 2016). The access and permission of the internal stakeholders of the organization can be
managed in a professional manner with the help of the block chain technology.
The complexities of the banking sector such as the strategic risks, compliance risks,
credit risks, cyber security risks, market risks, liquidity risks, open hazard risks, operational
risks, reputational risk and the systematic risk can be resolved or minimized with the help of the
block chain technology.
Outline of the thesis
This paper will be very much essential for the consumers as well as the employees of the
banking sector to resolve the complexities of using block chain technology in the banking sector.
The complexities of the block chain technology is the most significant point of the paper.
Supporting ideas and arguments coming from the data collection procedure will be very much
important to maintain the effectiveness of the paper (Raskin & Yermack, 2016). The following
section of the paper will be evaluating the problem statement of the research paper.