Blockchain-Enabled Analytics in Banking Enhancing Risk Management for the Future of the Industry
Rusdi Pratomo, Marviola Grace Hardini, Dwi Julianingsih, Dedeh Suprianti, Qurotul Aini · 2024
Blockchain technology is transforming the banking industry by enhancing data analytics, offering greater trans- parency, efficiency, and security. This study examines the impact of blockchain-enabled analytics on banking's future, focusing on how decentralized ledger technology can drive innovation, improve risk management, and reduce costs. Despite its potential, there's a research gap on its full implementation in banking. This paper addresses this by analyzing the challenges and opportuni- ties of adopting blockchain analytics. The findings suggest that these technologies could significantly enhance transaction pro- cessing, risk management, and customer trust. Future research should explore the long-term impact on banking performance, scalability, and customer experience.