A Promising Application Prospect of Blockchain in Banking Industry from the Perspective of Stakeholder Theory

DOI

10.2991/aebmr.k.210803.023How to use a DOI?

Keywords

Blockchain, Banking, Stakeholder theory, Business ethics

Abstract

Due to the information asymmetry between the bank and the customers, the customers are faced with the information security risk of personal information disclosure. Meanwhile, the bank is also being challenged with the credit risk that may appear at any time. Thus, it would lead to increased operation cost and loss of the business efficiency as well as commercial value. Under the use of blockchain, this paper introduces the application of blockchain technology principle and analyzes the reasons why blockchain technology is widely concerned and applied in the banking industry by using the relevant theories of business ethics. Through theoretical analysis, the author makes a reasonable prospect for future development of blockchain in banking industry, and highlights the importance of blockchain application in banking business.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Ya Gao
PY  - 2021
DA  - 2021/08/04
TI  - A Promising Application Prospect of Blockchain in Banking Industry from the Perspective of Stakeholder Theory
BT  - Proceedings of the  1st International Symposium on Innovative Management and Economics (ISIME 2021)
PB  - Atlantis Press
SP  - 161
EP  - 165
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210803.023
DO  - 10.2991/aebmr.k.210803.023
ID  - Gao2021
ER  -