Volume V Issue II April-June 2025

Name of Author : Dr. Shakeb Ahmed Mumtaz Husain

Title of the paper : Block chain Technology in Financial Services Transforming the Future of Finance

Abstract: Purpose This study aims to explore the transformative impact of block chain technology on financial services, focusing on its applications in banking, payments, insurance, and asset management. It also investigates the challenges that hinder the widespread adoption of block chain in the financial sector. Methodology The article conducts a comprehensive review of recent literature and case studies published. It synthesizes findings from various sources to provide a holistic understanding of block chains role in financial services. Findings The research highlights that block chain enhances transparency, security, and efficiency across various financial services. Key applications include facilitating faster and more secure transactions, automating insurance claims through smart contracts, and enabling the tokenization of assets. Despite these benefits, challenges such as regulatory uncertainty, scalability issues, and interoperability remain significant hurdles. Implications The study underscores the importance of addressing regulatory and technical challenges to fully realize block chains potential in financial services. It also suggests that financial institutions should prioritize innovation and collaboration to integrate block chain solutions effectively. Originality This article contributes to the growing body of knowledge on block chain in financial services by offering a detailed overview of recent developments, challenges, and future prospects, emphasizing the need for continuous adaptation and regulatory support. All the references are duly cited.

Keywords : Block chain Technology, Financial Services, Asset Management, Decentralized Finance De-Fi, Bit coin

DOI :

Page Number : 28-36