The exponential growth and instant changing of digital technology requires high level for the movement of business models. Thus, developing a new technology to satisfy this need is becoming a critical factor around the world. Recently, the application of Blockchain is gaining a variety of interest from many industries whose leaders are trying to customize and fitting this kind of cutting-edge technology to fit in their multiple use cases. Not only Blockchain is very important in solving time payment and cost-saving in banking system but it is also a crucial step in the decentralized approach for creating applications. In this paper, we aim to clarify the architecture.of Blockchain technology as well as how it works. Apart from the features of Blockchain, a series of advantages derived from Blockchain are also explained and discussed. The use cases from experts and Blockchain application assessment has also been reviewed in this thesis, thus we could point out the challenges and opportunities as well as propose several recommendations for how to design a Blockchain model in banking for the future.

The exponential growth and instant changing of digital technology requires high level for the movement of business models. Thus, developing a new technology to satisfy this need is becoming a critical factor around the world. Recently, the application of Blockchain is gaining a variety of interest from many industries whose leaders are trying to customize and fitting this kind of cutting-edge technology to fit in their multiple use cases. Not only Blockchain is very important in solving time payment and cost-saving in banking system but it is also a crucial step in the decentralized approach for creating applications. In this paper, we aim to clarify the architecture.of Blockchain technology as well as how it works. Apart from the features of Blockchain, a series of advantages derived from Blockchain are also explained and discussed. The use cases from experts and Blockchain application assessment has also been reviewed in this thesis, thus we could point out the challenges and opportunities as well as propose several recommendations for how to design a Blockchain model in banking for the future.

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