Study of the Impacts of Block Chain Technology on Private Sector Banks Performance

Block chain considered as key technology for multiple applications including finical, health care, lifestyle, etc. The computing technology development has encouraged more technology to incorporate the block chain into their infrastructure from these technologies is the crypto currency, vehicle network and smart cities. In this paper, block chain applications in crypto currency including the Bit coin and Ethereum is discussed. Information technology systems alike machine learning based forecasting system incorporation with block chain technology has great impact on the social acceptance of the crypto currency based block chain system. Paper also discusses the impact of this technology in finical sectors e.g. private banks.