Le Manager
Volume 13, Numéro 1, Pages 146-176
2026-06-30
Smart Contracts And Blockchain Technology In The Financial Industry
Authors : Raffar Abdelkader El Amir .
Abstract
Blockchain technology is believed to be the latest advancement in industries as well as financial transactions in the banking sector, where trust is of prime importance. Blockchain technology is a coded security system and decentralized which provides the ability for platforms and new digital services to be created through this emerging technology. The purpose of this paper is to help in providing a better understanding of the implementation of blockchain technology and Smart Contracts in the banking and financial industry. The main aim is to study the possible contribution of blockchain technology in banking industry along with its strength, weaknesses, opportunities and threats. this article discusses how can blockchain technology make far-reaching changes in the banking industry? The study is primarily based upon the secondary data. For this extant literature related to the topic from different databases, websites and other available sources were collected. To answer the research questions, a literature review was conducted. The articles were selected from evidence-based scientific databases such as Emerald, Sage Premier, ScienceDirect, Springer Open, and Google Scholar. we searched relevant literature using specific keywords, e.g., “Blockchain Technology,” “the banking industry,” “SWOT analysis,” “Financial Industry”. seventeen scholarly articles were selected by using exclusion and inclusion criteria and screening the relevant articles.
Keywords
Blockchain Technology ; banking industry ; SWOT analysis ; Financial Industry
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