Financial Service Business Transformation Through Blockchain and Smart Contract

• Main Authors: Sheng-Yang Liu, 劉聲揚
• Other Authors: Seng-Cho Chou
• Format: Others
• Language: zh-TW
• Published: 2018
• Online Access: http://ndltd.ncl.edu.tw/handle/3n4xpe

碩士 === 國立臺灣大學 === 資訊管理學研究所 === 106 === In financial sector, many firms provide financial services to customers in a time-consuming way. They try to make the services as safe as possible, but it leads to inefficiencies and high costs. In 2017, bitcoin prices soared, catching everyone’s attention. Financial companies started to learn about the blockchain technology which makes bitcoin possible and expected that their old financial services would benefit from the characteristics of blockchain. Many of them initiate research project and try to integrate blockchain with existing business processes. Some of them even started earlier. At the time of writing, there are still no significant commercial operation cases in Taiwan financial sector. The goal of this thesis is helping a Taiwan financial startup to introduce blockchain. Through the implementation, we identify the possible obstacles to mass adoption of the blockchain and summarize the discussions with the startup. Also, we will provide some insights into how to introduce blockchain. Ethereum aims to build a platform on which we can develop decentralized applications and smart contracts. Our implementation is based on Ethereum. There are three research results. First, the transaction fee is too high on Ethereum public blockchain for a company. Second, the decentralized structure of public blockchain accompanies many uncertainties for a company. Finally, blockchain is more suitable for virtual assets rather than physical assets.