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Possible Directions of Evolution for Banking Activity in European Union under the Impact of Blockchain Technology

Author

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  • DragoÅŸ DanÅ£iÅŸ

Abstract

European Union banking industry is subject to numerous changes in the daily activities performed, having to adapt the business to a wide range of impacting factors. Among these, the blockchain technology has a significant potential in updating the current context, aspect highlighted by academic environment, researchers and innovation specialists. Current research paper has the intent to identify the areas where the blockchain technology could impact the EU banking industry, analyse the scenarios and make possible praises for the evolution of business in banking.

Suggested Citation

  • DragoÅŸ DanÅ£iÅŸ, 2021. "Possible Directions of Evolution for Banking Activity in European Union under the Impact of Blockchain Technology," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 24(80), pages 59-69, June.
    • Handle: RePEc:rej:journl:v:24:y:2021:i:80:p:59-69
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    More about this item

    Keywords

    banking; blockchain; financial transactions; economy; innovation;
    All these keywords.

    JEL classification:

    • F00 - International Economics - - General - - - General

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