Blockchain technology and its potential effect on the banking industry : China case study

Other Title(s)

تأثير تقنية البلوكتشين في الصناعة المصرفية : دراسة حالة الصين

Author

Hasan, Aya Adil

Source

Journal of Economics and Administrative Science

Issue

Vol. 28, Issue 131 (31 Mar. 2022), pp.133-149, 17 p.

Publisher

University of Baghdad College of Administration and Economics

Publication Date

2022-02-28

Country of Publication

Iraq

No. of Pages

17

Main Subjects

Banking and Financial Sciences

Topics

Abstract EN

The aim of the research is to investigate potential effects of the finance industry and block-chain to general business of financing in particular, as well as its shortcomings and difficulties.

To answer the research questions, the researcher used the objective narrative-analytical descriptive approach and included a qualitative analysis of Blockchain technology.

The process of Blockchain technology based on their industries, the authors were selected based on their reputation in the Blockchain field.

The research found that Blockchain can improve the efficiency of the banking industry's various sections.

It has the ability to upgrade and transfer wages across borders, financial reporting and compliance, as well as trade finance and capital markets.

It also facilitates the procedure of getting to know your customer straightforward, and in addition to these advantages regulation and technological problems are some of the roadblocks.

that must be resolved for effective implementation in the financial system

American Psychological Association (APA)

Hasan, Aya Adil. 2022. Blockchain technology and its potential effect on the banking industry : China case study. Journal of Economics and Administrative Science،Vol. 28, no. 131, pp.133-149.
https://search.emarefa.net/detail/BIM-1339970

Modern Language Association (MLA)

Hasan, Aya Adil. Blockchain technology and its potential effect on the banking industry : China case study. Journal of Economics and Administrative Science Vol. 28, no. 131 (Mar. 2022), pp.133-149.
https://search.emarefa.net/detail/BIM-1339970

American Medical Association (AMA)

Hasan, Aya Adil. Blockchain technology and its potential effect on the banking industry : China case study. Journal of Economics and Administrative Science. 2022. Vol. 28, no. 131, pp.133-149.
https://search.emarefa.net/detail/BIM-1339970

Data Type

Journal Articles

Language

English

Notes

Includes bibliographical references : p. 147-148

Record ID

BIM-1339970