Academy of Accounting and Financial Studies Journal (Print ISSN: 1096-3685; Online ISSN: 1528-2635)

Abstract

The Significant Impact of Blockchain Technology in Financial Markets & Effects on Corporate Governance

Author(s): Liza Macasukit, Alden Bajgoric, Raman Subramanian

Blockchain comes into a major disruptive technology at the height of the pandemic resulting in major setbacks in the financial market. This study assessed the different countries' cryptocurrencies and practices while analyzing the government support in legalizing the cryptocurrency as part of their monetary system. Countries have been preparing for the major shift of the financial system to grab the opportunity in changing their own financial market. This study evaluates the impact of blockchain in financial markets and its effects on corporate governance in countries. It uses meta-analysis and in depth interviews from financial markets operators and its countries operations.

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