THE ROLE OF CLOUD INTEGRATION IN BLOCKCHAIN AND CRYPTOCURRENCY ADOPTION: IMPLICATIONS FOR GLOBAL FINANCIAL SYSTEMS

Abstract

The integration of blockchain technology with cloud infrastructure is revolutionizing the global financial sector, fundamentally transforming traditional banking operations and services. This transformation encompasses enhanced security protocols, streamlined transaction processing, and improved regulatory compliance mechanisms through distributed ledger systems. The implementation of blockchain-based solutions has significantly impacted various aspects of banking, from cross-border payments to customer verification processes, while simultaneously reducing operational costs and improving service delivery. The adoption of smart contracts and automated systems has revolutionized traditional banking roles, necessitating structural changes in workforce deployment and skill requirements. Furthermore, the emergence of decentralized finance platforms has challenged conventional banking paradigms, forcing institutions to adapt their business models and regulatory frameworks while maintaining security and compliance standards in an evolving financial landscape.