Blockchain Innovation in Finance: Leveraging Distributed Ledger Technology for Competitive Advantage in Banking and Financial Services
Dublin Core
Title
Blockchain Innovation in Finance: Leveraging Distributed Ledger Technology for Competitive Advantage in Banking and Financial Services
Creator
Bao Anh Lam
Proceedings Item Type Metadata
meta_title
Blockchain Innovation in Finance: Leveraging Distributed Ledger Technology for Competitive Advantage in Banking and Financial Services
Abstract/Description
This paper explores the current applications of blockchain technology within the financial and banking sectors, with a particular focus on its impact in developing countries like Vietnam. Employing a qualitative research methodology, including synthesis and comparative analysis, the paper clarifies the fundamental concepts, operational principles, and the potential applicability of blockchain in traditional financial systems. Key blockchain applications such as equity crowdfunding via smart contracts, cross-border remittance, decentralized payment services, peer-to-peer (P2P) lending, and supply chain finance are examined in detail. These blockchain-driven innovations are compared with traditional financial models to highlight their advantages in terms of transparency, cost efficiency, and operational efficiency. The findings indicate that blockchain technology not only addresses the limitations of existing financial models but also provides new opportunities for enhancing the competitiveness and sustainability of financial services, particularly in emerging markets. The study offers valuable insights into the future direction of blockchain adoption in finance, while also recognizing challenges that need further exploratio...
publication_date
2025/06/20
pdf_url
https://insyma.org/proceedings/files/articles/21. Vietnam_Bao Anh Lam.pdf
abstract_html_url
https://insyma.org/proceedings/items/show/482
keywords
Blockchain, Finance, Banking, Financial Services, Distributed Ledger Technology, Vietnam, Equity Crowdfunding, Smart Contracts, Cross-Border Remittance, Decentralized Payment Services, Peer-to-Peer (P2P) Lending, Supply Chain Finance, Transparency, Cost Efficiency, Operational Efficiency, Emerging Markets
firstpage
1061
lastpage
1066
issn
3047-857X
conference
Proceedings of the International Symposium on Management (Volume 21, 2024)
Volume
22
publisher_name
Fakultas Bisnis dan Ekonomika, Universitas Surabaya
no article
170
Files
Citation
Bao Anh Lam, “Blockchain Innovation in Finance: Leveraging Distributed Ledger Technology for Competitive Advantage in Banking and Financial Services,” Proceedings of the International Symposium on Management (INSYMA), accessed July 1, 2025, https://insyma.org/proceedings/items/show/482.