Application of blockchain technology in the financial institution

1. Application of Blockchain Technology in the Financial
Institution 2
Application of Blockchain Technology in the Financial
Institution
Name
Institution
Date
Application of Blockchain Technology in the Financial
Institution
Introduction
First came the “micronization” culture that saw the birth of
miniature sized computers shifting from a single room to a desk.
This culture became a phenomenon in technology that would
soon create a world of many possibilities that shifted the
computer from a desktop size to one that could be helpful in
hand. As such, with the idea of data slowly becoming a
resource, security and wealth were tied together as commodities
similar to the faces of a coin
Overview
This culture shift was admired and respected with skeptics
jumping to say machines were taking over the world and the
more power was given in these devices, the more we lost
meaning in sentiments. Well, that could be true for any field but

2. in finance as a sector, the simplification of computerization
created infinite possibilities that were directly in parallel with
cropping challenges. The discussion by looking and blockchains
as a database with information, the value of the information and
how it is entered into the book, the types of information it
stores, decentralization of the information for storage and
control, and the aspect of reversibility or lack thereof it.
Background and Problem Statement
Recognizing the breakdown of what blockchain technology in
financial institutions is can be handled by looking at it as a
literal ledger that keeps records of financial transactions. This
paper, therefore, looks at the scope of the process of shifting
systems of transactions with a fresh perspective by the
determinants that form its body of effectiveness.
Purpose of the Study
The idea of efficiency and accuracy is the next big thing in
financial institutions as the birth of secure networks and
untraceable transactions like bitcoin become more popular.
Trust in financial institutions is one of the reasons whether it
should be embraced by the public or shunned. Like it has been
said, knowledge is power and information is key, which should
apply to making users understand this new world in a light that
is beneficial for these institutions. Mobility and ease of access
is the home of blockchain technology and the field of its
daughters like the cryptocurrency.
As a ledger of financial transactions records, the ability to carry
it anywhere and access it everywhere has become its most
attractive feature (Wu & Duan, 2019). To understand this
fascinating aspect especially in financial institutions, we must
first break down its complexities such as its origin, its
availability, its storage, its features, its sharing capacity, and its
diversity of character. This paper's purpose is to simplify why
more financial institutions should use blockchain technology
but at the same time mainstream the education of its usability to
their clients as part of operations and transactional effici ency.

3. Chapter II: Review of Literature
Introduction
This section delves into the types of literature that would be
used for deductive reasoning and explain a certain aspect of the
difference between other forms of institutional record and
transaction and blockchain technology. There is a comparative
assessment of the different works of literature already taking
this discussion to give more insight from different perspectives
ranging from the distinction of database and block china,
simplicity versus approachability of the technology, and the
institutional approach to application and education of its
customers (Raikwar, Gligoroski, & Velinov, 2020).
Subsections based on a deductive approach
Blockchain applicability in the financial sector cannot be
discussed with looking at cryptocurrency as a cashless based
form of transaction. Therefore, articles, journals, newspapers,
conference videos, other dissertations and books will form the
source of information for comparison. Technology must be
made easy for the users to understand despite the lack of
knowledge for most users in the programming or backbone of its
functional creation. By looking at it this way, it becomes easier
for financiers to accept it as the new form of currency transfer,
and a way of protection of one’s wealth. Looking at articles on
skeptical information about bitcoin and other cryptocurrencies
would inform on the value of information to users Therefore,
the comparative aspect of the literature will be used to give
basis to arguments that exist and a new one formed by this
paper.
Chapter III: Methodology (Research Design & Methods)
Introduction
Data by nature as mentioned is evolving to become one of the
highest and most sought out resources in the world.
Accessibility and understanding of its evolution are key for the
users to trust that it will remain confidential and easy.
Research Paradigm (quantitative)

4. The research paradigm that forms the basis of the discussion in
this article is set in the precept that technology must be
understood to be utilized efficiently. As such, it focuses on
positivism as a result of recognizing social realities and human
behavior in reaction to technological change.
Research Design
The research design will be an integration of descriptive and
correlation to bring out the aspect of the cause-effect analysis
of data, finance systems, and human behavior through consent
data collection with questionnaires combined with opinions
from social media, opinions from financial forums and
conferences. This will be used to form the baseline of the
underlying sentiments in the financial sector.
References
Raikwar, Mayank & Gligoroski, Danilo & Velinov, Goran.
(2020). Trends in Development of Databases and Blockchain.
Retrieved from
https://www.researchgate.net/publication/339898678_Trends_in
_Development_of_Databases_and_Blockchain
Wu, Binghui & Duan, Tingting. (2019). The Application of
Blockchain Technology in Financial markets. Journal of
Physics: Conference Series. 1176. 042094. 10.1088/1742-
6596/1176/4/042094.
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2
Analysis: A Business Evaluation of WeWork

5. Kaan Over
Department of International Business, Marconi University
MBA660: International Business Administration Capstone
Professor Chee Piong
February 2, 2021
Proposal
WeWork is a company that provides shared co-working spaces
to small and medium enterprises that are not in a position to
afford them. The company provides a shared workspace to
companies that are starting up at relatively lower costs then that
they would spend while looking for a space of their own. The
company has been able to increase its profits with shared
workspaces being valued to as high as $47 billion. The company
was founded in 2010 and currently has its headquarters in NYC.
This paper will analyze the international operations of WeWork
and strategies that it has employed to ensure competitive
advantages and increasing its market share. In addition, this
writeup will analyze the grave mistake that the company made
that saw it lose its value in the year 2019. The international
operations of the company will also be analyzed understanding
how its operation within different locations increases the
profitability of the company.
Shared workspaces are gaining popularity because of an
increase in the number of small and medium enterprises. What
the company does is it leases office or desk spaces to companies
that are starting up at relatively lower costs than what such
companies would have to spend on spaces of their own. This
way, the company is able to again profit by renting office
spaces to various startups. After entering a deal with real estate
companies, it leases various office spaces and desks that are
fully stocked with all the required resources to partake business

6. process. WeWork was operating in 848 worldwide shared
workspaces until the year of 2019 (Meredith,2019). The
business has expanded its operations in about thirty-seven
countries within 10 years. Currently the company is operating
on an international scale with over 800 locations worldwide. It
operates in 40 cities in North America including Atlanta,
Houston, Detroit, Miami and other cities the United States,
Toronto and Montreal in Canada, Costa Rica, Mexico, 10 cities
in South America including Peru, Colombia, Brazil, Chile and
Argentina, 22 cities in Europe, 8 cities in the Middle East, 33
cities in Asia and two cities in Africa. It also has four locations
in Australia (WeWork, 2021).
The company decided to go public in the year 2019. On the 14th
of August 2019 it revealed its initial plans by stating a public
offering (Boyte-White, C. 2020). The company attempted to
raise an approximate amount of 4 billion US dollars to upscale
its businesses to different global locations thus increasing its
market share through IPO. The company reported a revenue of
about 1.54 billion US dollars for the period that ended in June
of 2019. However, it incurred a loss of more than 900,000,000
US dollars. As a result, the company indefinitely postponed
plans for its IPO in September the same year. The revenue of
the company dropped from the high value of $47 billion as a
result of the losses that it suffered that year.

7. References
Boyte-White, C. (2020) How WeWork Works and Makes
Money. Investopedia.
https://www.investopedia.com/articles/investing/082415/how -
wework-works-and-makes-money.asp
WeWork (2021) WeWork Locations.
https://www.wework.com/locations
Meredith, D. (2019) What happened to WeWork?. Equity.
https://www.coworkingresources.org/blog/the-wework-business-
model