Banking on Blockchain: Costs Savings Thanks to the Blockchain Technology

作者: Luisanna Cocco , Andrea Pinna , Michele Marchesi

DOI: 10.3390/FI9030025

关键词:

摘要: This paper looks at the challenges and opportunities of implementing blockchain technology across banking, providing food for thought about potentialities this disruptive technology. The can optimize global financial infrastructure, achieving sustainable development, using more efficient systems than present. In fact, many banks are currently focusing on to promote economic growth accelerate development green technologies. order understand potential support system, we studied actual performance Bitcoin also highlighting its major limitations, such as significant energy consumption due high computing power required, cost hardware. We estimated electrical hash rate network, over time, and, in evaluate efficiency system operation, defined three quantities: “economic efficiency”, “operational “efficient service”. obtained results show that by overcoming disadvantages therefore technology, could be able handle processes a way under current system.

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