The Impact of Blockchain and Algorithm on FinTech

Abstract

The dawn of the 21st century have witnessed the emergence of several technologies targeting the financial sector. The FinTech industry is gradually maturing and covers an array of financial services on the global economy (Laidroo, Koroleva et al. 2021). However, it is needless to state that FinTech is still at its early stage of development. This research explores and highlight the great profitability FinTech has on all asset class and the abundance it gives on the return on investment. FinTech and Blockchain are prevalent topics among technology leaders in finance today. Algorithms govern the peer to peer decentralized network using machine learning techniques. This is owed to the advancement in processor pace and ample data gives room to more financial analysis.