Research Area:  Blockchain Technology

Abstract:

Blockchain is disrupting the banking industry and contributing to the increased big data in banking. However, there exists a gap in research and development into blockchain-ed big data in banking from an academic perspective, and this gap is expected to have a significant negative impact on the adoption and development of blockchain technology for banking. In hope of motivating more active engagement by academics, researchers and bankers alike, we present the most comprehensive review of the impact of blockchain in banking to date by summarizing the opportunities and challenges from a bankers perspective. In addition, we also discuss the impact that big data from blockchain will have on banking data analytics in future and show the increasing importance of filtering and signal extraction for the banking industry. Whilst there is evidence of selected banks adopting blockchain technology in isolation or small groups, we find the need for extensive research and development into several aspects of banking with blockchain to overcome the challenges which are currently hindering its adoption in banking across the globe.

Keywords:  

Author(s) Name:  Hossein Hassani,Xu Huang &Emmanuel Silva

Publisher name:  Taylor and Francis

DOI:  10.1080/23270012.2018.1528900

Volume Information:  Volume 5, 2018 - Issue 4

Paper Link:   https://www.tandfonline.com/doi/abs/10.1080/23270012.2018.1528900