Blockchain in Financial Services in Emerging Markets, Part I : Current Trends

Blockchain in Financial Services in Emerging Markets, Part I : Current Trends

Financial institutions around the world find themselves continually barraged by external innovations they are often unable to absorb and internalize. The emergence of innovative digital financial technologies has challenged traditional players in t...

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Bibliographic Details
Main Author: Niforos, Marina
Format: Brief
Language:English
Published: International Finance Corporation, Washington, DC 2018
Subjects:
BLOCKCHAIN
DISTRIBUTED LEDGER TECHNOLOGY
FINANCIAL SERVICES
FINANCIAL TECHNOLOGY
EMERGING MARKET ECONOMIES
INNOVATION
FINANCIAL INCLUSION
CRYPTOCURRENCY
ANTI-MONEY LAUNDERING
VENTURE CAPITAL
TRADE FINANCE
REMITTANCES
Online Access:http://documents.worldbank.org/curated/en/707491507180432280/Blockchain-in-financial-services-in-emerging-markets-part-one-current-trends
http://hdl.handle.net/10986/30369
id okr-10986-30369
recordtype oai_dc
spelling okr-10986-303692021-05-25T10:54:41Z Blockchain in Financial Services in Emerging Markets, Part I : Current Trends Niforos, Marina BLOCKCHAIN DISTRIBUTED LEDGER TECHNOLOGY FINANCIAL SERVICES FINANCIAL TECHNOLOGY EMERGING MARKET ECONOMIES INNOVATION FINANCIAL INCLUSION CRYPTOCURRENCY ANTI-MONEY LAUNDERING VENTURE CAPITAL TRADE FINANCE REMITTANCES Financial institutions around the world find themselves continually barraged by external innovations they are often unable to absorb and internalize. The emergence of innovative digital financial technologies has challenged traditional players in the sector by demonstrating new ways to deliver value across the entire financial value chain. Blockchain, or distributed ledger technology, is just such a disruptive, and possibly game-changing, innovation. Emerging markets are in general characterized by low banking penetration, the exit of financial players from certain markets, strong demand for financial inclusion both from individual consumers and small businesses, high levels of mobile penetration, and less developed business infrastructure and financial sector incumbents. These conditions in combination can be a powerful catalyst for the adoption of blockchain-based financial solutions and can provide the basis for a technological leap forward and a boost to financial inclusion and growth. 2018-09-06T19:45:39Z 2018-09-06T19:45:39Z 2017-08 Brief http://documents.worldbank.org/curated/en/707491507180432280/Blockchain-in-financial-services-in-emerging-markets-part-one-current-trends http://hdl.handle.net/10986/30369 English EMCompass,no. 43; CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo International Finance Corporation International Finance Corporation, Washington, DC Publications & Research Publications & Research :: Brief Africa South Asia India Kenya
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic BLOCKCHAIN
DISTRIBUTED LEDGER TECHNOLOGY
FINANCIAL SERVICES
FINANCIAL TECHNOLOGY
EMERGING MARKET ECONOMIES
INNOVATION
FINANCIAL INCLUSION
CRYPTOCURRENCY
ANTI-MONEY LAUNDERING
VENTURE CAPITAL
TRADE FINANCE
REMITTANCES
spellingShingle BLOCKCHAIN
DISTRIBUTED LEDGER TECHNOLOGY
FINANCIAL SERVICES
FINANCIAL TECHNOLOGY
EMERGING MARKET ECONOMIES
INNOVATION
FINANCIAL INCLUSION
CRYPTOCURRENCY
ANTI-MONEY LAUNDERING
VENTURE CAPITAL
TRADE FINANCE
REMITTANCES
Niforos, Marina
Blockchain in Financial Services in Emerging Markets, Part I : Current Trends
geographic_facet Africa
South Asia
India
Kenya
relation EMCompass,no. 43;
description Financial institutions around the world find themselves continually barraged by external innovations they are often unable to absorb and internalize. The emergence of innovative digital financial technologies has challenged traditional players in the sector by demonstrating new ways to deliver value across the entire financial value chain. Blockchain, or distributed ledger technology, is just such a disruptive, and possibly game-changing, innovation. Emerging markets are in general characterized by low banking penetration, the exit of financial players from certain markets, strong demand for financial inclusion both from individual consumers and small businesses, high levels of mobile penetration, and less developed business infrastructure and financial sector incumbents. These conditions in combination can be a powerful catalyst for the adoption of blockchain-based financial solutions and can provide the basis for a technological leap forward and a boost to financial inclusion and growth.
format Brief
author Niforos, Marina
author_facet Niforos, Marina
author_sort Niforos, Marina
title Blockchain in Financial Services in Emerging Markets, Part I : Current Trends
title_short Blockchain in Financial Services in Emerging Markets, Part I : Current Trends
title_full Blockchain in Financial Services in Emerging Markets, Part I : Current Trends
title_fullStr Blockchain in Financial Services in Emerging Markets, Part I : Current Trends
title_full_unstemmed Blockchain in Financial Services in Emerging Markets, Part I : Current Trends
title_sort blockchain in financial services in emerging markets, part i : current trends
publisher International Finance Corporation, Washington, DC
publishDate 2018
url http://documents.worldbank.org/curated/en/707491507180432280/Blockchain-in-financial-services-in-emerging-markets-part-one-current-trends
http://hdl.handle.net/10986/30369
_version_ 1764471811188195328

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