Call for Chapters: Revolutionizing Financial Services and Markets Through FinTech and Blockchain

Editors

Kiran Mehta, Chitkara Business School, Chitkara University, Punjab, India
Renuka Sharma, Chitkara Business School, Chitkara University, Punjab, India
Poshan Yu, Soochow University, China & Australian Studies Centre, Shanghai University, China

Call for Chapters

Proposals Submission Deadline: January 11, 2023
Full Chapters Due: March 26, 2023
Submission Date: March 26, 2023

Introduction

Every day, the financial services sector experiences millions of transactions representing billions of dollars, with security, transparency, and cost-efficiency being top priorities. Blockchain usage is increasing in the financial services sector; it is a breakthrough that has changed the global financial system, making it safer and more efficient. Blockchain technology is improving the global financial services business in various ways. It has grown in popularity because of its inherent benefits in addressing secure, transparent, and cost-effective transaction flows. The technology began with bitcoin and other cryptocurrencies and has now spread to almost every business. Blockchain can make the financial sector more transparent as users execute operations on a public ledger. This openness can disclose inefficiencies like fraud, leading to problem-solving that reduces financial risk. As more people shop online, fraudsters have more opportunities for crime/fraud. Blockchain might minimize this worry. In addition, blockchain payments are speedier and more traceable than conventional banking. The system facilitates real-time payment transfers between financial institutions, reducing friction and speeding up settlement. Globally, the number of traded shares is rapidly increasing, and the market is expanding and becoming more sophisticated daily. Major stock exchanges are examining blockchain's capacity to offer near-instant settlements and automate compliance via smart contracts while improving security and transparency. Blockchain improves stock market tradability. Decentralization eliminates the relationship between exchange distance and entrance price, making server proximity unimportant. This eliminates market intermediaries, reduces transaction costs, and increases share settlement clarity.
On the one hand, a digitalization-driven technological revolution may usher in previously unthinkable prospects for the betterment of human welfare and the speedier realization of the SDGs and the Paris Agreement on climate change. Blockchain technology's capacity to decrease fraud, deliver fast and secure transactions, and ultimately aid in risk management are all significant benefits to the financial sector. Fraudsters often target financial services providers. A security risk is associated with the transmission of digital payments via payment processors and banks. Blockchains use cryptographic methods for the processing and storage of transaction blocks. Financial institutions may find that using this encryption makes transaction processing safer. The financial services sector is one example of a business area that sees significant innovation as a direct consequence of blockchain technology. Decentralized finance, i.e. Defi, refers to an alternative to conventional financial services built on blockchain technology. Blockchain technology is still in its formative stages of development. At the moment, there need to be more rules about blockchain technology, and its future success will depend on figuring out legal issues.


Objective

The use of information and communication technology (ICT) in the business processes and operations of the financial services industry has undergone significant transformations during the last decade. Because of the growing number of customers who use mobile phones, laptops and the internet, the financial industry has begun to provide services based on ICT. Consequently, all types of financial services, such as stock trading and banking, are now accessible electronically or digitally over the internet. Most financial organisations have realised the importance of an IT department and identified cost-saving and efficiency-boosting solutions. Furthermore, improved financial services have enhanced client satisfaction and demand. Since the concept of blockchain was first conceived, the financial sector has been widely regarded as its primary use case. After Bitcoin's base notion in 2009, the idea became widely known. Because of its unique qualities, blockchain technology has the potential to benefit the financial sector greatly. Major stock exchanges are studying blockchain for its capacity to provide near-instant settlements and automate compliance via smart contracts while providing improved security and transparency. Therefore, the current project's prime objective is to describe the application of blockchain technology to financial services and financial markets.

Target Audience

Academicians, Researchers, Students, Traders, Managers of Financial products, Investment institutions, Asset Management Companies, Regulators, Consultants, Corporate houses

Recommended Topics

Blockchain technology and banking system
Digital payments and blockchain technology
E-Finance and application of blockchain technology
Use of blockchain technology in Stock markets
Financial Product innovation (climate finance, ESG investing etc) using blockchain
DeFi (decentralised finance) and blockchain technology
Blockchain Risk management
Challenges and consequences of blockchain technology in Financial Services


Submission Procedure

Researchers and practitioners are invited to submit on or before January 11, 2023, a chapter proposal of 1,000 to 2,000 words clearly explaining the mission and concerns of his or her proposed chapter. Authors will be notified by January 25, 2023 about the status of their proposals and sent chapter guidelines.Full chapters are expected to be submitted by March 26, 2023, and all interested authors must consult the guidelines for manuscript submissions at https://www.igi-global.com/publish/contributor-resources/before-you-write/ prior to submission. All submitted chapters will be reviewed on a double-blind review basis. Contributors may also be requested to serve as reviewers for this project.

Note: There are no submission or acceptance fees for manuscripts submitted to this book publication, Revolutionizing Financial Services and Markets Through FinTech and Blockchain. All manuscripts are accepted based on a double-blind peer review editorial process.

All proposals should be submitted through the eEditorial Discovery® online submission manager.



Publisher

This book is scheduled to be published by IGI Global (formerly Idea Group Inc.), an international academic publisher of the "Information Science Reference" (formerly Idea Group Reference), "Medical Information Science Reference," "Business Science Reference," and "Engineering Science Reference" imprints. IGI Global specializes in publishing reference books, scholarly journals, and electronic databases featuring academic research on a variety of innovative topic areas including, but not limited to, education, social science, medicine and healthcare, business and management, information science and technology, engineering, public administration, library and information science, media and communication studies, and environmental science. For additional information regarding the publisher, please visit https://www.igi-global.com. This publication is anticipated to be released in 2023.



Important Dates

January 11, 2023: Proposal Submission Deadline
January 25, 2023: Notification of Acceptance
March 26, 2023: Full Chapter Submission
May 9, 2023: Review Results Returned
June 20, 2023: Final Acceptance Notification
July 4, 2023: Final Chapter Submission



Inquiries

Kiran Mehta
Chitkara Business School, Chitkara University, Punjab, India
ujjawalakiran@gmail.com, ujjawala.kiran@chitkara.edu.in


Renuka Sharma
Chitkara Business School, Chitkara University, Punjab, India
bhavyarenuka@gmail.com, bhavya.renuka@chitkara.edu.in


Poshan Yu
Soochow University, China & Australian Studies Centre, Shanghai University, China
samyu@suda.edu.cn



Classifications


Business and Management; Computer Science and Information Technology; Education; Media and Communications; Government and Law; Social Sciences and Humanities; Science and Engineering
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