Blockchain and Bank Lending Behavior: A Theoretical Analysis

Wang, Rui

doi:10.1177/21582440231164597

Cited by 4 publications

(1 citation statement)

References 30 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Blockchain technology has found significant success in direct financing, bank credit, and supply chain finance, offering transparency and financial data security [63]. Blockchain has become the focus of global attention, presenting unprecedented opportunities and challenges for traditional credit businesses in commercial banks [64].…”

Section: Real-world Applications Of Blockchain Technology In Financia...mentioning

confidence: 99%

Enhancing Zero Trust Models in the Financial Industry through Blockchain Integration: A Proposed Framework

Daah,

Qureshi,

Awan

et al. 2024

Electronics

View full text Add to dashboard Cite

As financial institutions navigate an increasingly complex cyber threat landscape and regulatory ecosystem, there is a pressing need for a robust and adaptive security architecture. This paper introduces a comprehensive, Zero Trust model-based framework specifically tailored for the finance industry. It encompasses identity and access management (IAM), data protection, and device and network security and introduces trust through blockchain technology. This study provides a literature review of existing Zero Trust paradigms and contrasts them with cybersecurity solutions currently relevant to financial settings. The research adopts a mixed methods approach, combining extensive qualitative analysis through a literature review and assessment of security assumptions, threat modelling, and implementation strategies with quantitative evaluation using a prototype banking application for vulnerability scanning, security testing, and performance testing. The IAM component ensures robust authentication and authorisation processes, while device and network security measures protect against both internal and external threats. Data protection mechanisms maintain the confidentiality and integrity of sensitive information. Additionally, the blockchain-based trust component serves as an innovative layer to enhance security measures, offering both tamper-proof verification and increased integrity. Through analysis of potential threats and experimental evaluation of the Zero Trust model’s performance, the proposed framework offers financial institutions a comprehensive security architecture capable of effectively mitigating cyber threats and fostering enhanced consumer trust.

show abstract

Section: Real-world Applications Of Blockchain Technology In Financia...mentioning

confidence: 99%

Enhancing Zero Trust Models in the Financial Industry through Blockchain Integration: A Proposed Framework

Daah,

Qureshi,

Awan

et al. 2024

Electronics

View full text Add to dashboard Cite

show abstract

Blockchain-Enabled Supply Chain Finance and the Risk of Bank Runs

Feng,

yingying

2023

Preprint

View full text Add to dashboard Cite

Green Behavior Strategies in the Green Credit Market: Analysis of the Impacts of Enterprises’ Greenwashing and Blockchain Technology

Ling,

Wang

2024

Sustainability

View full text Add to dashboard Cite

With the degradation of the environment due to increasing ecological destruction and pollution, sustainable development has become the paramount objective of social progress. As a result, the concept of green development has garnered considerable attention, which is an important starting point for China to achieve stable economic development and sustainable ecological development. To achieve high-quality economic progress while advancing environmentally friendly practices, it is imperative to formulate and uphold a sound green credit system. However, the phenomenon of greenwashing by enterprises still exists, which compromises the efficacy of green credit and hinders the long-term sustainable and well-organized progress of green finance. Building on the background of green credit, considering the existence of blockchain and government subsidies and adopting the method of tripartite evolutionary game, this paper examines the strategic decisions made by the government, financial institutions, and small and medium-sized enterprises in the context of greenwashing. An emphasis is placed on the impact of blockchain technology on the three parties involved in the green credit market. The findings demonstrate that blockchain technology can diminish the likelihood of greenwashing by businesses and enhance the impact of government subsidies. However, it cannot replace the regulatory authority of the government in sustainable development. Moreover, excessive subsidies can stimulate more greenwashing practices, but eliminating subsidies does not eradicate the root of greenwashing. To encourage sustainable economic development and minimize corporate defaults, the government ought to reinforce supervision and establish a robust social surveillance and publicity mechanism. This paper broadens the research perspective on the effectiveness of green credit and provides some empirical and theoretical references for further promoting the green transformation of SMEs and the sustainable development of the ecological environment.

show abstract

Blockchain and Bank Lending Behavior: A Theoretical Analysis

Cited by 4 publications

References 30 publications

Enhancing Zero Trust Models in the Financial Industry through Blockchain Integration: A Proposed Framework

Enhancing Zero Trust Models in the Financial Industry through Blockchain Integration: A Proposed Framework

Blockchain-Enabled Supply Chain Finance and the Risk of Bank Runs

Green Behavior Strategies in the Green Credit Market: Analysis of the Impacts of Enterprises’ Greenwashing and Blockchain Technology

Contact Info

Product

Resources

About