Abstract
The emergence of blockchain technology has led to considerable changes in the financial technology
(FinTech) sector in recent years. With fintech being one of the most impacted industries, blockchain,
which was first presented as the underpinning technology for cryptocurrencies, has become a potent
instrument for revolutionizing many industries. The role of blockchain technology in the development of
fintech solutions is examined, with special emphasis on the advantages, difficulties, and possible uses of
the technology. For storing, confirming, and carrying out financial transactions, blockchain technology
enables a decentralized and transparent system. It does away with the need for middlemen like banks or
clearinghouses, which lowers costs, increases efficiency, and boosts security. Data integrity is ensured by
blockchain's immutability and cryptographic features, which reduce the possibility of fraud and
unauthorised changes. Blockchain is a perfect fit for several fintech use cases, including payment
processing, smart contracts, identity verification, supply chain financing, and asset tokenization, because
of these characteristics. 185 respondents is the sample size considered in this study. T test and mean was
applied to find the result of study.
Keywords
Fintech, Decentralization, Security, Transparency, Money Laundering