Decentralized Cloud and Edge Computing for FinTech: Rethinking Financial Infrastructure
DOI:
https://doi.org/10.63282/3050-922X.IJERET-V5I3P106Keywords:
Decentralized Cloud Computing, Edge Computing in FinTech, Distributed Ledger Technology, Blockchain for Financial Services, Real-Time Financial Analytics, Low-Latency Transactions, Data Privacy in FinTech, Decentralized Finance (DeFi) Infrastructure, Regulatory Compliance in Edge Computing, Confidential Computing in Financial ApplicationsAbstract
The rapid growth of financial technology (FinTech) has brought significant advancements in the way financial services are delivered, but traditional infrastructure has struggled to keep up with the increasing demands for scalability, speed, and security. Centralized cloud computing has provided a partial solution, but with the emergence of decentralized technologies and edge computing, FinTech is at the cusp of a paradigm shift in how financial data and services are processed. Decentralized cloud computing, underpinned by blockchain and distributed ledger technologies, offers the promise of improved security, transparency, and autonomy in financial systems. Edge computing, by enabling data processing closer to the source, reduces latency, improves privacy, and enhances the user experience in real-time financial transactions. This paper explores the integration of decentralized cloud and edge computing technologies in the FinTech sector, analysing the potential benefits, challenges, and risks associated with this emerging infrastructure. We investigate key use cases such as decentralized finance (DeFi), smart contracts, and cross-border payments, highlighting the synergy between decentralized cloud and edge computing in enabling more efficient, scalable, and secure financial services. Additionally, we discuss the technical challenges of integrating these systems, such as data synchronization, security risks, and regulatory considerations. Finally, the paper outlines the future directions for this transformative approach to financial infrastructure and provides insights into the role of emerging technologies in reshaping the FinTech landscape
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