Blockchain: social innovation in finance & accounting

The present paper provides insight of the behind the scene technology in order to attain better understanding of the securitization prospects pertaining to the same. | Blockchain social innovation in finance accounting International Journal of Management IJM Volume 10 Issue 1 January-February 2019 pp. 14-18 Article ID IJM_10_01_003 Available online at http ijm JType IJM amp VType 10 amp IType 1 Journal Impact Factor 2019 Calculated by GISI ISSN Print 0976-6502 and ISSN Online 0976-6510 IAEME Publication BLOCKCHAIN SOCIAL INNOVATION IN FINANCE amp ACCOUNTING Reepu Assistant Professor University School of Business Chandigarh University Gharuan India ABSTRACT At present times there has been a surge in cryptopians community. Since wealth maximization is the aim of many the virtual currency has become one of the important investment avenues. Virtual currency like bitcoins have become grill for the gossip mill. Consumer enjoys sovereignty. The present paper provides insight of the behind the scene technology in order to attain better understanding of the securitization prospects pertaining to the same. Mining allures cryptopians to solve proof of work because then only an increment in rewarded in blockchain. Without a doubt as per statistics the currency has seen an upsurge but vital determinants which may pose a threat needs to be taken care of Keywords Bitcoin Blockchain Cryptopians etc. Cite this Article Reepu Blockchain Social Innovation in Finance amp Accounting International Journal of Management 10 1 2019 pp. 14-18. http IJM JType IJM amp VType 10 amp IType 1 1. INTRODUCTION Blockchain a cornerstone in financial market assures investment in bitcoins Ethereum bitcoin cash and stellar lumens through the usage of most secured platform bitcoin wallet. Claimant says that there are over 32 million wallets and onto which 200B have been invested. There is no middle man in bitcoin transaction hence blockchain allows peer to peer bitcoins transactions. Bitcoin is divisible and portable. It minimizes cost and power lies in the hand of consumer. Consumer may prefer

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