• ANCY ANTONY

Financial world is at the cusp of enormous changes. Block chain, Artificial Intelligence (AI), robotics, process automation gives all sort of promises solving all issues in financial world. Of these block chain is the next wave transforming the industry, block chain is transforming the financial industry and creating opportunity for both new and established players. The finance industry is peculiar about facilitating the trusted exchange of value between multiple untrusted parties. Intermediaries that we trust with enormous responsibility and risk end up with high cost and manual process which can be tampered. financial service institution are now looking to block chain to enable more efficient organisation organisational collaboration, eliminate intermediary and create a new business model. This paper attempt to briefly explain about block chain technology and its opportunities in financial industry with special reference to service sector.

Key words: block chain, smart contract, and encryption.

"IMPLICATION OF BLOCK CHAIN IN FINANCIAL SERVICES", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 12, page no.147-149, December-2018, Available :http://www.jetir.org/papers/JETIR1812622.pdf

"IMPLICATION OF BLOCK CHAIN IN FINANCIAL SERVICES", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 12, page no. pp147-149, December-2018, Available at : http://www.jetir.org/papers/JETIR1812622.pdf