Background of Financial technology and Smart Contracts

Abstract

Blockchain is currently one of the most important topics in both the academia and industry world, mainly due to the effects that the continuing development of this new technology embraces. The adoption of this technology by FinTech companies constitutes the next step towards the expansion of blockchain and its sustainability. Search results in smart contracts by FinTech companies have shown a deep focus in challenges such as security, scalability, legal and regulatory, privacy or latency, with proposed solutions still to be far from being effective.