Prioritizing the use of parachain technology and presenting the pattern of using this technology in the banking industry using theme analysis

Eynollahe, Nader; Ahmady, Fatemeh; Mohamadipor, Rahmatollah; Arayesh, Mohamdbaqer

doi:10.30495/ijfma.2023.75093.2060

Prioritizing the use of parachain technology and presenting the pattern of using this technology in the banking industry using theme analysis

Document Type : Original Article

Authors

¹ PhD student in financial engineering, finance department, Ilam branch, Islamic Azad University, Ilam, Iran

² Assistant Professor of Accounting Department, Ilam Branch, Islamic Azad University, Ilam, Iran

³ Assistant Professor, Department of Management, Ilam Branch, Islamic Azad University, Ilam, Iran

10.30495/ijfma.2023.75093.2060

Abstract

Parachain can be considered a type of blockchain network, which is a special structure for managing data and information. Using parachains are smart contracts provided by projects that enable Ethereum developers to transfer their own contracts to Polkadata. Blockchain-based projects are created to achieve goals such as security, scalability, and decentralization. Achieving these three qualities at the same time is very difficult, however Polkadat and Kusama are projects that strive to achieve it every day. In addition, the Polkadata ecosystem (a multi-chain, scalable technology that provides communication between different blockchain platforms) provides a place for projects that take advantage of specific use cases. The purpose of this research is to prioritize the benefits of using Parachain technology and provide a pattern of using this technology in the banking industry using theme analysis. In terms of the practical purpose and in terms of the quantitative-qualitative implementation method, the present research is Friedman's method and theme analysis. The community of the present research includes experts and experts in the field of banking. number of people was determined and therefore, the number of questionnaires was used by 50 people for data analysis using SPSS software, according to the obtained results, the indexes (scalability, 6.40) and (slot rent, 2.64) respectively have are the highest and lowest ranks

Keywords

References

1)- The First International Conference on Leap in Management, (1401). , Economics and Accounting, Sari. Teaching and Analysis of Financial Markets

2) Oryi Gholami, M. and Araghizadeh, M. Amin (1400), Providing a Solution for Securing Internet of Things Communication Protocols by Smart Contracts, 7th National Conference and the First International Conference on Distributed Computing and Big Data Processing, Tabriz.

3)- Jani, Forroush and Azadbakht, Amin (1400), Transformation of the service sector (especially finance) of an economy in the context of blockchain technology smart contracts.

4)- Fayazbakhsh, Akram (1400), Achievement called Blockchain, Journal of New Research Approaches in Management and Accounting, Vol. 5, No.60.

5)Venkatesh, V.G., Kang, K., Wang, B., Zhong, Y.R., and Zhang, A. (2020). “System Architecture for Blockchain Based Transparency of Supply Chain Social Sustainability”. Robotics and Comouter-Integrated Manufacturing. 63, 101896.

6)- Rashvand Boukani, M., Naser, M. (2019), Intention of Actors in Smart Contracts: Validity Conditions and Methods of Authentication, Islamic Law Research, Vol. 20, No. 1, pp. 271-275-300

7) -Kamble, S., Gunasekaran, A., and Arha, H. (2019). “Understanding the Blockchain Technology Adoption in Supply Chains-Indian Context”.

8) - Mozafari, Mostafa, Naser, Mahdi (2018),The role of smart contracts in fixing the property rights of individuals,Legal Research Quarterly,No. 95

9)International Journal of Production Research , 57(7): 2009-2033. Sadouskaya, K. (2017). Adoption of Blockchain Technology in Supply Chain and Logistics. Bachelor’s Thesis, South-Eastern Finland University of Applied Sciences

, 57(7): 2009-2033.

10)-González, A., Ramos, J., De Paz, J. F., & Corchado, J. M. (2014). Obtaining relevant

genes by analysis of expression arrays with a multi-agent system. ADCAIJ: Advances in Distributed Computing and Artificial Intelligence Journal, 3(3), 35-42

11)-Sarathi, Partha; Saha, Anish Kumar; Ara Begum, Shahin (2012), The application of E-commerce in Business Application.