The Blockchain technology is disrupting the banking industry. It was originally used for cryptocurrency trading, and more recently for smart contracts and peer-to-peer (P2P) and other banking services. There is currently a gap in research about and development of blockchain applications in the banking sector, especially regarding the decentralization of information to mortgage credit processes through ledgers. Following a qualitative research approach, this paper aims to highlight the fact that blockchain technology is both a threat to and an opportunity for banks. The study provides support for the argument that blockchain is a disruptive technology that will create new business opportunities for banks, even though it will also pose new risks. Blockchain technology may improve the efficiency of banking processes, and therefore the products and services that banks offer their customers, in new areas such as lending. From a methodology point of view, we follow common and established guidelines of qualitative research. Starting from a literature review of both the blockchain and the credit process, we discuss the relevant literature within a joint analytical framework. We thus identify paths for future research and discuss the potential of blockchain technology in mortgage lending processes.
Blockchain and Lending Process Efficiency in the Banking Industry
Giuseppina Iacoviello
;Elena Bruno
2024-01-01
Abstract
The Blockchain technology is disrupting the banking industry. It was originally used for cryptocurrency trading, and more recently for smart contracts and peer-to-peer (P2P) and other banking services. There is currently a gap in research about and development of blockchain applications in the banking sector, especially regarding the decentralization of information to mortgage credit processes through ledgers. Following a qualitative research approach, this paper aims to highlight the fact that blockchain technology is both a threat to and an opportunity for banks. The study provides support for the argument that blockchain is a disruptive technology that will create new business opportunities for banks, even though it will also pose new risks. Blockchain technology may improve the efficiency of banking processes, and therefore the products and services that banks offer their customers, in new areas such as lending. From a methodology point of view, we follow common and established guidelines of qualitative research. Starting from a literature review of both the blockchain and the credit process, we discuss the relevant literature within a joint analytical framework. We thus identify paths for future research and discuss the potential of blockchain technology in mortgage lending processes.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
