scholarly journals Application and Prospect of Blockchain Technology in China’s Commercial Banks

2021 ◽  
Author(s):  
Tianyu Liu ◽  
Dayan Lin
Keyword(s):  
Commercial Banks ◽  
Blockchain Technology

scholarly journals Research on the development mode of digital channels of commercial banks based on blockchain finance

2021 ◽  
Vol 292 ◽  
pp. 02010
Author(s):  
Shuaiyin Yang ◽  
Xiaoyang Han ◽  
Gengyuan Tian ◽  
Haiyue Tuo
Keyword(s):  
Commercial Banks ◽  
High Speed ◽  
Rapid Development ◽  
Digital Economy ◽  
Real Economy ◽  
Development Mode ◽  
Blockchain Technology ◽  
Digital Development ◽  
Key Industries ◽  
Digital Channels

—In 2021, blockchain was included in the national five-year plan for the first time, and in the chapter of “Accelerating Digital Development and Building Digital China”, blockchain was listed as one of the seven key industries of digital economy in the 14th Five-Year Plan. The rapid development of blockchain technology not only promotes the high-speed operation of China’s real economy and greatly improves the overall service quality of China’s digital economy, but also provides new development ideas for the innovative development of digital channels of commercial banks. In this paper, through the use of literature research method and qualitative analysis method, we deeply analyze the challenges faced by the development mode of commercial banks at the present stage, etc. Accordingly, we propose corresponding countermea-sures and suggestions from the perspectives of research and development of technology, customer privacy protection and improvement of service efficiency, so as to continuously empower the digital transformation of commercial banks in China.

scholarly journals Application of Blockchain Technology in Commercial Banks

2021 ◽  
Vol 235 ◽  
pp. 03070
Author(s):  
Qingquan He
Keyword(s):  
Commercial Banks ◽  
Digital Economy ◽  
Blockchain Technology ◽  
Asset Trading ◽  
Digital Asset ◽  
The Impact ◽  
Operation And Management

Blockchain technology is widely used in finance, digital asset trading and other fields because of its characteristics of decentralization, unforgeability and sharing. Blockchain has become one of the hot topics in fintech research, which affects the development of traditional financial formats. It is considered as the cornerstone of digital economy. This paper systematically analyzes the characteristics of blockchain technology, the impact of blockchain technology on the operation and management of traditional commercial banks, and prospects the application of blockchain technology in commercial banks.

scholarly journals New Model of Sustainable Supply Chain Finance Based on Blockchain Technology

2021 ◽  
pp. 61-76
Author(s):  
Muzafer Saracevic ◽  
◽  
◽  
◽  
◽  
...  
Keyword(s):  
Theoretical Analysis ◽  
Financial Institutions ◽  
Commercial Banks ◽  
Business Performance ◽  
Business Practices ◽  
Event Analysis ◽  
Sustainable Supply Chain ◽  
Advantages And Disadvantages ◽  
Cross Border ◽  
Blockchain Technology

Blockchain technology has received more and more attention from all walks of life and has also been sought after by the market and financial institutions. More and more financial institutions and Internet companies have begun to participate in the research of blockchain technology. The application scenarios are also constantly expanding, and the landing in the financial field is the focus of all social concerns. This article takes Agricultural Bank as an example, analyzes its current advantages and disadvantages in using blockchain technology, and proposes policy recommendations based on this to provide a reference for joint-stock commercial banks to better use blockchain technology to improve business performance. Based on the theoretical analysis, this article studies the use of blockchain technology by joint-stock commercial banks, and selects Agricultural Bank, which has a well-developed financial technology in joint-stock commercial banks, as a case study. From the operating background of the agricultural bank and the cross-border payment and settlement business, the background begins with the agricultural bank's own business practices in blockchain technology and the traditional cross-border business and the innovative development of agricultural bank's blockchain technology, and then the application of event analysis to the application effects of agricultural bank's blockchain technology analysis. This paper analyzes the SWOT-PEST of the agricultural bank's use of blockchain technology, combined with the theoretical analysis of blockchain technology in this article, comprehensively analyzes the agricultural bank's use of blockchain technology in four aspects: policy, economy, society, and technology. Strengths, weaknesses, opportunities, and challenges. Through analysis, we can have a comprehensive view on the application of blockchain technology by Agricultural Bank, and based on this, we can summarize the problems that Agricultural Bank may have in applying blockchain technology. Through the analysis of the blockchain, we can see that the growth rate of agricultural bank's net profit was higher in 2013 and 2014. Finally, the article puts forward suggestions for the development of agricultural bank under the blockchain technology.

scholarly journals EFFECTS OF BLOCKCHAIN TECHNOLOGY ON PERFORMANCE OF FINANCIAL MARKETS IN KENYA

2021 ◽  
Vol 6 (1) ◽  
pp. 1-15
Author(s):  
Sarah Aketch ◽  
Felix Mwambia ◽  
Bernard Baimwera
Keyword(s):  
Risk Analysis ◽  
Financial Markets ◽  
Technology Acceptance ◽  
Sample Size ◽  
Commercial Banks ◽  
Target Population ◽  
Unique Contribution ◽  
Blockchain Technology ◽  
The Government ◽  
Money Transfers

Purpose: The study sought to establish the effects of blockchain technology on the performance of financial markets in Kenya. Methodology: The study adopted an explanatory research design. The study target population was drawn from the commercial banks located in Nairobi County, Kenya. The study targeted 84 bank managers in the IT and finance department of the 42 commercial banks in Kenya. Thus the target population of the study was 84 financial market managers selected. The study population was grouped into simple identifiable group called strata and adopted a stratified simple random sampling technique with inclusion of commercial banks. A sample size of a sample size of 50 respondents was arrived at. Data was collected using a structured questionnaire. The data collected was cleaned and coded, quantified and analyzed quantitatively. Quantitative data were analyzed using SPSS 24 where descriptive and inferential statistics were used to capture the data in order to understand the pattern and nature of relationships. Results were presented using tables. Findings: The study findings showed that the correlation analysis showed that the adoption of blockchain technology had a positive and significant correlation to government policy R = 0.240. Adoption of blockchain technology had a positive and significant correlation to internet infrastructure by R = 0.293. Adoption of blockchain technology had a positive and significant correlation to transaction cost at R = 0.583. Lastly, adoption of blockchain technology had a positive and significant correlation to risk analysis at R = 0.507. Unique contribution to theory, practice and policy: The study recommended that there should be policy review on issues relating to risk analysis so as to curb illegal money transfers and enhance performance of financial markets in Kenya. The study recommends for a thorough scrutiny by the government and ensures such issues are keenly analyzed to help bring peace and stability in the world. The aspect of having good internet connectivity is beneficial to the nation in that access to proper information will be available and it enables many users to have wide access to services as well as creation of employment. There is need to conduct a study on stability of blockchain technologies use and their impact to the economic growth. The study incorporated Technology Acceptance Model and Innovation Diffusion Theory to link the study topic to the concepts

Role of Commercial Banks in Financial Literacy

PRODUCTIVITY ◽  
2018 ◽  
Vol 59 (2) ◽  
pp. 186-197
Author(s):  
M. SELVAKUMAR ◽  
◽  
P. ANBUCHEZHIENKAMARAJ ◽  
V. Sathyalakshmi ◽  
R. Mohammed Abubakkar Siddique ◽  
...  
Keyword(s):  
Financial Literacy ◽  
Commercial Banks

Regional banking system in Russia: Trends and factors of spatial distribution

2017 ◽  
pp. 123-141 ◽  
Author(s):  
S. Ageeva ◽  
A. Mishura
Keyword(s):  
Spatial Distribution ◽  
Commercial Banks ◽  
Banking System ◽  
Federal District ◽  
Russian Regions ◽  
Siberian Federal District ◽  
Federal Districts ◽  
Banking Business ◽  
Banking Institutions

We examine the spatial distribution of banks in Russian regions to identify the factors that affect changing territorial architecture of the banking system. The object of the study is dynamics of the number of commercial banks and their branches in 1991-2016. Besides the well-known tendency of concentration of the banking business in Moscow and reducing the number of banks in other regions we analyzed situation in the federal districts taking as an example the Siberian Federal District. This approach allowed us to formulate hypotheses about the causes of differences in the availability of banking institutions in Russian regions.

Comprehensive Study of Blockchain Technology - Architecture, Consensus and Future Trends

2020 ◽  
pp. 319-325
Author(s):  
Shreya Joshi ◽  
Ms Bhavyaa ◽  
Suhani Gupta ◽  
Lalita Luthra
Keyword(s):  
Internet Of Things ◽  
Product Management ◽  
Future Trends ◽  
Deep Dive ◽  
Record Keeping ◽  
Blockchain Technology ◽  
Healthcare Product ◽  
Core Technology ◽  
Technical Challenges ◽  
Comprehensive Study

Blockchain is considered to be a disruptive core technology. Although many researchers have realized the importance of blockchain, but the research of it is still emerging. It is the record-keeping technology behind bitcoin and is one of the hottest and fastest growing skills in the IT sector today. It serves as an immutable ledger which allows transactions to take place in a decentralized man Blockchain-based applications are rising up, covering numerous fields including finance, healthcare, product management, Internet of Things (IoT), and many more. However, there are still some challenges of blockchain technology such as scalability and security problems which need to be overcome. This paper comprises of a comprehensive study of Blockchain technology. We have included here a deep dive into how blockchains work, its architecture, consensus and various applications. Furthermore, technical challenges are briefly listed.

Income Diversification and Bank Efficiency in Vietnam

2017 ◽  
pp. 52-67
Author(s):  
Sang Nguyen Minh
Keyword(s):  
Regression Model ◽  
Commercial Banks ◽  
Banking System ◽  
Operational Efficiency ◽  
Commercial Banking ◽  
Tobit Regression ◽  
Income Diversification ◽  
Positive Effects ◽  
Study Results ◽  
The Impact

This study uses the DEA (Data Envelopment Analysis) method to estimate the technical efficiency index of 34 Vietnamese commercial banks in the period 2007-2015, and then it analyzes the impact of income diversification on the operational efficiency of Vietnamese commercial banks through a censored regression model - the Tobit regression model. Research results indicate that income diversification has positive effects on the operational efficiency of Vietnamese commercial banks in the research period. Based on study results, in this research some recommendations forpolicy are given to enhance the operational efficiency of Vietnam’s commercial banking system.

Applying the Multi-Criteria Decision Making Model for Ranking Commercial Banks: The Case of Vietnam

2019 ◽  
pp. 125-133
Author(s):  
Duong Truong Thi Thuy ◽  
Anh Pham Thi Hoang
Keyword(s):  
Decision Making ◽  
Commercial Banks ◽  
Decision Model ◽  
Business Models ◽  
Multi Criteria Decision Making ◽  
Ideal Solution ◽  
Topsis Method ◽  
Decision Making Model

Banking has always played an important role in the economy because of its effects on individuals as well as on the economy. In the process of renovation and modernization of the country, the system of commercial banks has changed dramatically. Business models and services have become more diversified. Therefore, the performance of commercial banks is always attracting the attention of managers, supervisors, banks and customers. Bank ranking can be viewed as a multi-criteria decision model. This article uses the technique for order of preference by similarity to ideal solution (TOPSIS) method to rank some commercial banks in Vietnam.

The Potential Of Blockchain Technology To Change International Mobile Roaming Business Model

2019 ◽  
Vol 5 (1) ◽  
pp. 15-22
Author(s):  
Ardian Thresnantia Atmaja
Keyword(s):  
Business Model ◽  
Current Situation ◽  
Business Value ◽  
Third Party ◽  
Fundamental Aspect ◽  
Clearing House ◽  
Blockchain Technology ◽  
Smart Contract ◽  
Target Architecture ◽  
Architecture Development

The key objectives of this paper is to propose a design implementation of blockchain based on smart contract which have potential to change international mobile roaming business model by eliminating third-party data clearing house (DCH). The analysis method used comparative analysis between current situation and target architecture of international mobile roaming business that commonly used by TOGAF Architecture Development Method. The purposed design of implementation has validated the business value by using Total Cost of Ownership (TCO) calculation. This paper applies the TOGAF approach in order to address architecture gap to evaluate by the enhancement capability that required from these three fundamental aspect which are Business, Technology and Information. With the blockchain smart contract solution able to eliminate the intermediaries Data Clearing House system, which impacted to the business model of international mobile roaming with no more intermediaries fee for call data record (CDR) processing and open up for online billing and settlement among parties. In conclusion the business value of blockchain implementation in the international mobile roaming has been measured using TCO comparison between current situation and target architecture that impacted cost reduction of operational platform is 19%. With this information and understanding the blockchain technology has significant benefit in the international mobile roaming business.

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