Blockchain in Financial Services in Emerging Markets, Part II : Selected Regional Developments
Blockchain, or distributed ledger technology, is now disrupting the financial services industry as part of a larger wave of external innovations by digital financial technologies. Emerging markets, due to their higher banking risks, lower bank pene...
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| Format: | Brief |
| Language: | English |
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International Finance Corporation, Washington, DC
2018
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| Online Access: | http://documents.worldbank.org/curated/en/981091507180912887/Blockchain-in-financial-services-in-emerging-markets-part-two-selected-regional-developments http://hdl.handle.net/10986/30370 |
| Summary: | Blockchain, or distributed ledger
technology, is now disrupting the financial services
industry as part of a larger wave of external innovations by
digital financial technologies. Emerging markets, due to
their higher banking risks, lower bank penetration, and
greater presence of digital financing, are an ideal backdrop
for the adoption of blockchain-based financial solutions,
and benefits could include a technological leap forward and
a boost to financial inclusion and growth. This note focuses
on selected regions in emerging markets where distributed
ledger technology is already affecting the provision of
financial services, including Africa, Latin America, and Asia. |
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