Blockchain and DLT in the Banking System

Blockchain et DLT dans le système bancaire

Imad Chehade ()
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Imad Chehade: LERN - Laboratoire d'Economie Rouen Normandie - UNIROUEN - Université de Rouen Normandie - NU - Normandie Université - IRIHS - Institut de Recherche Interdisciplinaire Homme et Société - UNIROUEN - Université de Rouen Normandie - NU - Normandie Université

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Abstract: Blockchain technology is a distributed network on decentralized machines that allows transactions to be carried out and validated. The term blockchain has covered various uses in the banking market for several years. By considering the architecture of the blockchain and the banking infrastructure, we clarify at the uses of these technologies by showing the differences between distributed ledger (DLT) and blockchain. We present the obstacles created by public blockchains and the contributions of private blockchains in order to better understand their adoption possibilities in the banking environment. We also highlight the emergence of DLTs with permission and their role in the development of the banking system. DLT experiments with permission (Madre, Corda and Libra) allow us to illustrate current practices. The analysis shows that the consortium DLT is currently the most suitable prototype to meet the needs and constraints of the banking market.

Keywords: blockchain technology; distributed ledger technology (DLT); banking system; decentralization; disintermediation; market infrastructure; Libra; technologie blockchain; technologie de registre distribué (DLT); système bancaire; décentralisation; désintermédiation; infrastructure du marché; consortium; Madre; Corda (search for similar items in EconPapers)
Date: 2022-08-28
New Economics Papers: this item is included in nep-pay
Note: View the original document on HAL open archive server: https://normandie-univ.hal.science/hal-03779240v1
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Published in Revue d'économie financière, 2022, Le système monétaire et financier international aux prises avec de nouveaux chocs, 2022/1 (145), pp.253-275. ⟨10.3917/ecofi.145.0253⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03779240

DOI: 10.3917/ecofi.145.0253

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