Blockchain: cryptocurrencies projection in the banking and financial sector during the period (2009-2023)

Abstract

This study aimed to present the concepts of blockchain technology and digital currencies, as blockchain technology is the technical structure under which digital currencies operate, where the descriptive approach and the analytical approach were used to address the problem posed. The study concluded that blockchain technology paves the way for the emergence of the second generation of the Internet, which will turn into a network of trust that allows the exchange of information with higher privacy and allows commercial and financial exchanges without the need for intermediary institutions that guarantee this, and It was able to solve many challenges including payment processing, manual settlement of several thousand financial transactions, payment and account management and online market trading