Blockchain and banking : how technological innovations are shaping the banking industry /

Blockchain and banking : how technological innovations are shaping the banking industry /

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Bibliographic Details
Author / Creator:Martino, Pierluigi, author.
Imprint:Cham : Palgrave Macmillan, [2021]
Description:1 online resource.
Language:English
Series:Palgrave pivot
Palgrave pivot.
Subject:
Banks and banking -- Technological innovations.
Blockchains (Databases)
Banks and banking -- Technological innovations.
Blockchains (Databases)
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12611865
Hidden Bibliographic Details
ISBN:9783030709709
3030709701
9783030709693
3030709698
Notes:Includes bibliographical references and index.
Online resource; title from PDF title page (SpringerLink, viewed April 14, 2021).
Summary:This book explores blockchain technologys impact on banks, particularly how blockchain technology can create new opportunities for banks and poses new threats to their business. The digital revolution in the banking industry, whose customers are increasingly adapting to new technologies and new types of competitors and solutions arising in the space, has had a significant impact on the banking industry over the past few years, requiring banks to substantially rethink their business models and strategies in order to cope with these developments. The rise of blockchains distributed ledger technology (DLT) has also played an important role since it has the potential to change the whole banking industry in faster and more disruptive ways than ever before. Born as the technology underlying Bitcoin, which has been used to allow the recording of cryptocurrencies transactions, blockchain can facilitate the process of recording any transaction type and track the movement of any asset, finding application in many different areas. Specifically, it has been acknowledged as a disruptive force in the financial sector and a key source of future financial market innovation with the potential to reshape existing business models in the financial services industry. Regarding the banking industry in particular, existing literature suggests that blockchain poses new challenges and generates opportunities as well as threats. This is pushing banks to rethink their operations, business models and strategies. However, literature in this regard is still in its infancy, and we do not yet have a clear understanding of blockchain technologys potential implications for banks. This book expands the literature on blockchain technology in banking by providing new insights into the developments, trends and challenges of blockchain in the banking industry. In particular, sheds more light on the implications of blockchain technology for banks by discussing the advantages and disadvantages related to this technology and exploring its potential impact on traditional banking business models. Pierluigi Martino is a Researcher in Financial Markets and Institutions at the Department of Economics and Management, University of Pisa, Italy. He has also been a Research Assistant at the Cass Business School, City University of London, UK. His research interests are in the areas of banking, corporate governance, entrepreneurial finance and blockchain technology.
Other form:Original 3030709698 9783030709693
Standard no.:10.1007/978-3-030-70970-9
Table of Contents:
  • Intro
  • Contents
  • List of Figures
  • 1 Introduction: The Rise of Fintech
  • References
  • 2 Blockchain Technology: Key Features and Main Applications
  • 2.1 Introduction
  • 2.2 The Fundamentals of Blockchain Technology
  • 2.2.1 Blockchain Technology: Advantages and Disadvantages
  • 2.3 Blockchain Types and Classifications
  • 2.4 Blockchain Applications
  • 2.4.1 Cryptocurrencies
  • 2.4.1.1 The Initial Coin Offerings Mechanism
  • 2.4.2 Smart Contracts
  • References
  • 3 Blockchain Technology and the Banking Industry
  • 3.1 Introduction
  • 3.2 Blockchain as a Potential Risk for Banks
  • 3.3 Blockchain and Banking Efficiency
  • 3.3.1 Loans and Capital Markets
  • 3.3.2 Trade Finance
  • 3.3.3 Payment Systems
  • 3.3.4 Compliance
  • 3.3.5 Know Your Customer
  • 3.4 Blockchain as a Source for New Products and Services
  • 3.5 Blockchain and Financial Inclusion
  • 3.6 Conclusions
  • References
  • 4 Blockchain and Banking Business Models
  • 4.1 Introduction
  • 4.2 Technological Development and Business Model Innovation
  • 4.3 Blockchain and Innovation in the Banking Business Models
  • 4.4 Banks' Approach to Blockchain's Challenges
  • 4.5 Conclusions
  • References
  • 5 Regulation of Blockchain Technology: An Overview
  • 5.1 Introduction
  • 5.2 Regulatory Issues and Cryptocurrencies
  • 5.3 Regulation of Cryptocurrencies
  • 5.3.1 US Regulatory Approach to Cryptocurrencies
  • 5.3.2 EU Regulatory Approach to Cryptocurrencies
  • 5.3.3 Asia-Pacific Region's Regulatory Approach to Cryptocurrencies
  • 5.4 Regulatory Issues and Blockchain's Distributed Ledger Technology
  • 5.5 Regulators' Approach to the Adoption of Blockchain Technology
  • 5.5.1 EU's Approach to Blockchain Technology
  • 5.5.2 US Approach to Blockchain Technology
  • 5.5.3 Asian-Pacific Countries' Approach to Blockchain Technology
  • 5.6 Conclusions
  • References
  • 6 Final Remarks
  • References
  • Index

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