Blockchain Technology and the Banking Industry

Pierluigi Martino ()
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Pierluigi Martino: University of Pisa

Chapter Chapter 3 in Blockchain and Banking, 2021, pp 33-52 from Springer

Abstract: Abstract Blockchain technology has been widely acknowledged as a disruptive force in the financial sector that is capable of undermining traditional business models and the technologies currently in use in many financial service transactions. This chapter focuses on blockchain technology’s potential implications for the banking industry. Building on the results of a previous study that I conducted through qualitative-based interviews with three professional bankers from different European banks tackling the challenges of blockchain, this chapter discusses the potential advantages and risks that blockchain technology poses to banks and identifies the main banking areas that can be affected.

Keywords: Blockchain; Banking competition; Banking efficiency; Financial inclusion; Product innovation (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-70970-9_3

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DOI: 10.1007/978-3-030-70970-9_3

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