A Proposed Model of Blockchain Technology in Banking System

Abstract

Our research title “A Proposed Model of Blockchain Technology in Banking System” is focusing on efficiency and security of a banking system in Bangladesh. We have collected the information required for our research from various research papers. Bangladesh has never had widespread access to financial services. Bangladesh is among the countries in this group where 40% of adults currently have access to formal financial services. The financial system is something Bangladesh is also working to open up to everyone. Customers in Bangladesh's present banking system face a number of difficulties. such as an inadequate risk management system, a lack of accountability and transparency, and poor asset quality. As a result, the objective of this project is to conduct a study on how the Blockchain platform would affect Bangladesh's banking sector. This study explores the architecture and IT anatomy of Blockchain-based functions to better comprehend technology. how the banking sector employs this platform. This study primarily focuses on benefits, drawbacks, and obstacles.