Author

Rehma Ather

Degree

Master of Science in Computer Science

Faculty / School

Faculty of Computer Sciences (FCS)

Department

Department of Computer Science

Date of Submission

2019-12-15

Advisor

Farhan Ahmed Siddiqui, Visiting Faculty, Faculty of Computer Science, Institute of Business Administration (IBA), Karachi

Project Type

MSCS Survey Report

Abstract

In the present day and age, modern economy around the world is creating in a configuration that is efficient, reliable, process able, continuously transforming into a virtual monetary framework. Advanced economy fills in as the new worldview of financial improvement and reformats business relationship based on the utilization of publicly available data. Online/Digital economy serves as the new paradigm of development in the economy and reformats business relationship on the basis of the use of information.

New (big) data and system advancements are turning out to be central point of globalizing economy generation and add to fast change of financial operators from genuine area to a system one, guaranteeing computerized economy improvement and inventive business forms development.

The blockchain innovation actualizes upper hands of budgetary agreements dependent on decrease of the expenses on monetary specialists' communication, arrangement of data straightforwardness and viable command over operational dangers. The blockchain innovation adds to monetary security of the modernization tasks of business procedures and high sorted out concentrated structures of the blockchain innovation.

The blockchain innovation executes upper hands of budgetary agreements dependent on decrease of the expenses on financial specialists' communication, arrangement of data straightforwardness and compelling command over operational dangers. The blockchain innovation adds to monetary security of the modernization activities of business procedures and high sorted out unified structures of the blockchain innovation.

The blockchain application for monetary transactions permits, given high caliber of the agreement, execution between the digital economy's different financial specialists (economic agents).

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