Abstract
This study examines the financial applications of blockchain technology beyond cryptocurrencies. Recent studies have addressed the regulatory issues and maturity of technological innovations in the context of cryptocurrencies, however, as the adoption of this technology in the financial environment proliferates, there is need to provide support for blockchain technology in advancing financial services and adding value in this ecosystem. By investigating the concepts of distributed ledger technologies, this study draws attention to the technology underlying blockchains; expanding the discussion about its challenges, implications and potential applications within the financial industry. This dissertation concludes on how applications of blockchain technology is still within its early stages and addresses the necessary changes in the financial ecosystem required to harness its potential.
M.Com. (Finance)