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The Impact of Cryptocurrency as a Blockchain Technology on Financial Performance of International Commercial Banks in Different Foreign Countries Exemplified by The Case of Goldman Sachs & HSBC

Student: Raul alfonso Medina cruz

Supervisor: Vladimir N. Zuev

Faculty: Faculty of World Economy and International Affairs

Educational Programme: International Business (Master)

Year of Graduation: 2021

Cryptographic money as a Block Chain Innovation, will delicately address the how Worldwide Banks and Governments are considering the better approaches for installments all throughout the planet, Crypto as a computerized resource intended to fill in as a vehicle of trade. On this Proposition we will address the instance of Goldman SACHS and HSBC and how these banks have changed, adjusted and shaped the monetary business to stay focused with the new advances that have arisen somewhat recently. What are Cryptographic forms of money and parting of it, how it contrasts in the America, European and Asian economies and how recognizing these results can help in seeing how the blockchain advantage some player. Digital forms of money are another encapsulation of paying labor and products, what exchanges are made and how they are meaning for controllers, legitimate systems and the public authority. Exchange speed would be a significant benefit when utilizing the advanced coin. Blockchain innovation is presently being utilized in an assortment of monetary administrations applications, including worldwide installments. To permit B2B cryptographic money installments between their clients, some U.S. banks are currently building up their own blockchain-based frameworks, which incorporate computerized monetary standards. The reason for existing is to exhibit how the commencement of crypto in the monetary market has developed and converged with the genuine monetary area making an entirely different industry to contribute.

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