Blockchain Technology for Fraud Prevention and Transparency in Fintech “Anirudh Mustyala”
DOI:
https://doi.org/10.53555/ephijse.v6i2.239Keywords:
Blockchain Technology, Fraud Prevention, Financial Transactions, Decentralization, Tokenization of AssetsAbstract
Blockchain technology has emerged as a transformative force in the fintech industry, offering innovative solutions for fraud prevention and enhancing transparency. This research paper explores the pivotal role of blockchain in securing financial transactions, reducing fraud risks, and fostering trust within the fintech ecosystem. It delves into the underlying principles of blockchain, its applications in fintech, and presents real-world case studies to illustrate its efficacy in safeguarding financial processes. By highlighting the benefits and challenges associated with blockchain adoption, this paper provides valuable insights for fintech professionals, regulators, and researchers aiming to harness the potential of this revolutionary technology.
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