Abstract
Blockchain technology has received much attention from academicians and industry practitioners because they perceive that it can contribute to the bottom line of corporations. Current literature shows a significant need for adopting blockchain technology in the finance and banking sector to bring digital disruption. The main objective of this chapter will be to identify the principles of blockchain technology and how it impacts the performance of the financial and banking sector. The secondary aims of this chapter will be to examine the challenges faced by the banking and insurance sector and analyse the characteristics of blockchain technology to suggest a model that collaborates with the other ecosystems to overcome those challenges. The chapter identifies models that have been suggested by other researchers and finally proposes a framework for the adoption of blockchain technology in the finance and banking sector.
Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
