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Blockchain Technology: Opportunities and Challenges for Small and Large Banks During COVID-19

Author

Listed:
  • Grazia Dicuonzo

    (Department of Economics, Management and Business Law, University of Bari Aldo Moro, Largo Abbazia Santa Scolastica, 53, Bari, 70124, BA, Italy)

  • Francesca Donofrio

    (Department of Economics, Management and Business Law, University of Bari Aldo Moro, Largo Abbazia Santa Scolastica, 53, Bari, 70124, BA, Italy)

  • Antonio Fusco

    (Department of Economics, Management and Business Law, University of Bari Aldo Moro, Largo Abbazia Santa Scolastica, 53, Bari, 70124, BA, Italy)

  • Vittorio Dell’Atti

    (Department of Economics, Management and Business Law, University of Bari Aldo Moro, Largo Abbazia Santa Scolastica, 53, Bari, 70124, BA, Italy)

Abstract

New technologies are assuming a prominent role in the transformation of economic and social systems and are capturing the interest of many businesses and international institutions. Blockchain is an emerging technology that is relevant in all sectors, as its applications can be adapted to multiple contexts with possible significant advantages for business. The ability to perform transactions without a central entity acting as a trust guarantor, typical of blockchain, offers the opportunity to rethink the way business processes are managed. Based on the case study methodology, this work aims to understand how blockchain could affect the business model in the banking sector and how the COVID-19 pandemic impacts the implementation of blockchain.

Suggested Citation

  • Grazia Dicuonzo & Francesca Donofrio & Antonio Fusco & Vittorio Dell’Atti, 2021. "Blockchain Technology: Opportunities and Challenges for Small and Large Banks During COVID-19," International Journal of Innovation and Technology Management (IJITM), World Scientific Publishing Co. Pte. Ltd., vol. 18(04), pages 1-25, June.
    • Handle: RePEc:wsi:ijitmx:v:18:y:2021:i:04:n:s0219877021400010
    DOI: 10.1142/S0219877021400010
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    Citations

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    Cited by:

    1. Raffaele Trequattrini & Matteo Palmaccio & Mario Turco & Alberto Manzari, 2024. "The contribution of blockchain technologies to anti‐corruption practices: A systematic literature review," Business Strategy and the Environment, Wiley Blackwell, vol. 33(1), pages 4-18, January.
    2. Yi-Hsiang Lu & Ching-Chiang Yeh & Yu-Mei Kuo, 2024. "Exploring the critical factors affecting the adoption of blockchain: Taiwan’s banking industry," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 10(1), pages 1-25, December.
    3. Patel, Ritesh & Migliavacca, Milena & Oriani, Marco E., 2022. "Blockchain in banking and finance: A bibliometric review," Research in International Business and Finance, Elsevier, vol. 62(C).

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