The Analysis of Blockchain Technologies Usage in Global Financial Markets

Abstract

This article considers the evolution of the blockchain financial technology, approaches to its regulation and verification, conceptual approaches to verifying new high-tech solutionsrelated to financial instruments and practical recommendations based on the prospect of integrating blockchain financial technology into national payment systems and international clearing and calculations. The following questions are analysed in the article: practical applications of the blockchain technology in global financial markets; the digital currencies introduction in different countries; current and modern blockchain projects; assessing the financial effectiveness of modern blockchain projects; fintech risk in the financial era. In addition, the author analysed the modern trends in the global financial market digitalization through the introduction of decentralized blockchain database networks into financial services as well as identified ways to improve them.