| Title: | Blockchain as an instrument for improving banking processes |
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| Authors: | ID Vukovljak, Bojana (Author) |
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| Files: |  https://journals.um.si/index.php/oe/article/view/2704
https://journals.um.si/index.php/oe/article/view/2704
 RAZ_Vukovljak_Bojana_2023.pdf (1008,71 KB)
MD5: BBBFBC1153B4C48A70E49C82E51DCAC4
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| Language: | English |
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| Work type: | Scientific work |
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| Typology: | 1.01 - Original Scientific Article |
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| Organization: | EPF - Faculty of Business and Economics
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| Abstract: | One of the best-known innovations of the recent past is blockchain. Due to its
usability, it has generated considerable interest in several economic areas. A
decentralised system's approach can potentially reshape existing industries or
make them redundant. Such technology can add a new dimension to processes,
which is particularly relevant for the banking sector in the future. This
demonstrates a great necessity to deal with blockchain with respect to market
position and competition. This paper aims to provide insight into the current
potential of blockchain applications in banking procedures. The benefits of
process improvement in the financial sector are also outlined. This research
shows that many experiences and adequate knowledge are already available.
According to recent research, this technology will benefit banks’ business
models, performance, and capabilities. However, blockchain is still in the phase
of research and development, which is a crucial aspect of the banking industry. |
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| Keywords: | blockchain, financial sector, banking sector, business model, innovation |
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| Publication status: | Published |
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| Publication version: | Version of Record |
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| Publication date: | 05.04.2023 |
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| Year of publishing: | 2023 |
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| Number of pages: | str. 43-55 |
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| Numbering: | Vol. 69, no. 1 |
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| PID: | 20.500.12556/DKUM-85570-228f5726-c8d9-7987-4fa3-61d57e0f723e  |
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| UDC: | 336.74:001.895 |
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| ISSN on article: | 0547-3101 |
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| COBISS.SI-ID: | 163009539 |
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| DOI: | 10.2478/ngoe-2023-0005 |
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| Publication date in DKUM: | 01.09.2023 |
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| Views: | 530 |
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| Downloads: | 239 |
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| Metadata: |    |
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| Categories: | Misc.
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