Cryptocurrency integration challenges in blockchain for financial institution

Cryptocurrency is the latest adventure of currencies that works by using the new edge technology called the blockchain. It has gained the notable attention of the people for the last several years across the world. Cryptocurrency is also globally known as digital currency or virtual currency, and it...

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Main Authors: Islam, Md Rafiqul, Rahman, Muhammad Mahbubur, Rahman, Mohammed Ataur, Mohamad, Muslim Har Sani, Embong, Abd Halim
Format: Article
Language:English
Published: AlamBiblio Publishers 2021
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Online Access:http://irep.iium.edu.my/93787/7/93787_Cryptocurrency%20integration%20challenges%20in%20blockchain%20for%20financial%20institution.pdf
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https://journals.alambiblio.com/ojs/index.php/ajoeee/article/view/18
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spelling my.iium.irep.937872022-01-16T16:46:41Z http://irep.iium.edu.my/93787/ Cryptocurrency integration challenges in blockchain for financial institution Islam, Md Rafiqul Rahman, Muhammad Mahbubur Rahman, Mohammed Ataur Mohamad, Muslim Har Sani Embong, Abd Halim T351 Mechanical drawing. Engineering graphics Cryptocurrency is the latest adventure of currencies that works by using the new edge technology called the blockchain. It has gained the notable attention of the people for the last several years across the world. Cryptocurrency is also globally known as digital currency or virtual currency, and it is a form of payment that can be used online for goods and services. Blockchain has captured the application of many in the financial industry, including those vigorous in the transaction, clearing, and settlement, with its promise of greater efficiency and higher resiliency. The Cryptocurrency has been adopted by using blockchain technology that raised eye-catching attention in the financial sector, government, stakeholders, and individuals as well. It can be anticipated that Cryptocurrency will be the future currency that will replace fiat money worldwide. Though it has been attracted the users' attention, the money of them worried about its future useability, drawbacks, and challenges. Still, the research on cryptocurrencies is far behind and in the initial stage to integrate these currencies in financial institutes. This lack of trust situation in the financial sector aggravates further when it comes to cryptocurrency management challenges that are still not critically analyzed. The originality of this paper is the concept of currencies including cryptocurrencies, the concept of the blockchain ecosystem, and the cryptocurrency integration challenges of the existing blockchain in the financial institution. This paper will help the new researchers to work on cryptocurrencies and their integration challenges in the financial system. AlamBiblio Publishers 2021-09-30 Article PeerReviewed application/pdf en http://irep.iium.edu.my/93787/7/93787_Cryptocurrency%20integration%20challenges%20in%20blockchain%20for%20financial%20institution.pdf Islam, Md Rafiqul and Rahman, Muhammad Mahbubur and Rahman, Mohammed Ataur and Mohamad, Muslim Har Sani and Embong, Abd Halim (2021) Cryptocurrency integration challenges in blockchain for financial institution. Asian Journal of Electrical and Electronic Engineering, 1 (2). pp. 28-36. E-ISSN 2785-8189 https://journals.alambiblio.com/ojs/index.php/ajoeee/article/view/18
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
language English
topic T351 Mechanical drawing. Engineering graphics
spellingShingle T351 Mechanical drawing. Engineering graphics
Islam, Md Rafiqul
Rahman, Muhammad Mahbubur
Rahman, Mohammed Ataur
Mohamad, Muslim Har Sani
Embong, Abd Halim
Cryptocurrency integration challenges in blockchain for financial institution
description Cryptocurrency is the latest adventure of currencies that works by using the new edge technology called the blockchain. It has gained the notable attention of the people for the last several years across the world. Cryptocurrency is also globally known as digital currency or virtual currency, and it is a form of payment that can be used online for goods and services. Blockchain has captured the application of many in the financial industry, including those vigorous in the transaction, clearing, and settlement, with its promise of greater efficiency and higher resiliency. The Cryptocurrency has been adopted by using blockchain technology that raised eye-catching attention in the financial sector, government, stakeholders, and individuals as well. It can be anticipated that Cryptocurrency will be the future currency that will replace fiat money worldwide. Though it has been attracted the users' attention, the money of them worried about its future useability, drawbacks, and challenges. Still, the research on cryptocurrencies is far behind and in the initial stage to integrate these currencies in financial institutes. This lack of trust situation in the financial sector aggravates further when it comes to cryptocurrency management challenges that are still not critically analyzed. The originality of this paper is the concept of currencies including cryptocurrencies, the concept of the blockchain ecosystem, and the cryptocurrency integration challenges of the existing blockchain in the financial institution. This paper will help the new researchers to work on cryptocurrencies and their integration challenges in the financial system.
format Article
author Islam, Md Rafiqul
Rahman, Muhammad Mahbubur
Rahman, Mohammed Ataur
Mohamad, Muslim Har Sani
Embong, Abd Halim
author_facet Islam, Md Rafiqul
Rahman, Muhammad Mahbubur
Rahman, Mohammed Ataur
Mohamad, Muslim Har Sani
Embong, Abd Halim
author_sort Islam, Md Rafiqul
title Cryptocurrency integration challenges in blockchain for financial institution
title_short Cryptocurrency integration challenges in blockchain for financial institution
title_full Cryptocurrency integration challenges in blockchain for financial institution
title_fullStr Cryptocurrency integration challenges in blockchain for financial institution
title_full_unstemmed Cryptocurrency integration challenges in blockchain for financial institution
title_sort cryptocurrency integration challenges in blockchain for financial institution
publisher AlamBiblio Publishers
publishDate 2021
url http://irep.iium.edu.my/93787/7/93787_Cryptocurrency%20integration%20challenges%20in%20blockchain%20for%20financial%20institution.pdf
http://irep.iium.edu.my/93787/
https://journals.alambiblio.com/ojs/index.php/ajoeee/article/view/18
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score 13.211869