Fintech, and Blockchains Trends in The Financial Sector

Author(s): Rajesh Kumar Kashyap* and Chanakya Lahiri

DOI: 10.2174/9789815256833124010005

Cryptocurrencies as Financial Assets A CrossSection

Pp: 42-60 (19)

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Fintech, and Blockchains Trends in The Financial Sector

Cryptocurrencies as Financial Assets A CrossSection

Author(s): Rajesh Kumar Kashyap* and Chanakya Lahiri

Pp: 42-60 (19)

DOI: 10.2174/9789815256833124010005

* (Excluding Mailing and Handling)

Abstract

This book chapter provides an extensive insight into the world of Cryptography and Stock Market 2.0 as is seen through crypto itself and the perspectives of the consumers who actively participate in them, as it nearly slides itself to the top to replace the financial assets as we know it. It provides a vivid conceptual use and utilization block chain technology in the field of of crypto whether it be for making an impact in the current security issues or the entire currency based side which controls the entire international stock and trade crypto markets and could one day even topple governments if not regulated with caution and maintenance. We would also dive into the depth of the covid19 crisis and how it gradually impacted the rise of crypto currencies and attached assets in a cloud environment integrated with the block chain technology, helped gather attention of consumers who were trying to find a solution for their more digital alternative to acquiring assets and currency based secure crypto transactions in the financial markets as well. We also get to cover the details on the concepts, essentials and implementations of cryptography and cryptographic algorithms and patterns and why it is needed in the modern cloud-computing world. The integration with advancements of cloud computing devices and detailed implementation could benefit the entire technological field. It also talks about the features cryptography brings and how it influences the speed of response time, which in a cloud environment is the most crucial especially in a high-pressurized demanding environment and its structures and layers like edge computing as well. The vulnerabilities and the proposed way of solving those are also discussed, the various nature where cryptography is essentially needed for maintaining a secret key involving sensitive data exchange overall at large scale, even when the flexibility of cloud computing is challenged. It has also taken into account the various factors involving the deployment and the standard guidelines established as more emerging technologies adapt to the environment. As the world keeps improving, the thieves get smarter, so does the justice department. Algorithms keep improving and so do the devices with it.

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