Year: 2025
Type: article
Abstract: Blockchain technology has sparked significant interest and is currently being researched by academics and practitioners due to its potential to reduce transaction costs, improve the security of transactions, transparency, etc. However, there is still much doubt about its impacts, and the technology is still in its infancy, with varying degrees of adoption among different financial institutions. Structural Equation Modelling (SEM) analysis was utilized to test the impact of blockchain and dynamic capabilities on the Bankʹs Performance of top banks in Spain. The innovative approach seeks to understand how performance can be improved by deploying blockchain technology (BTE) in banks. Results showed a significant association between banks’ adoption of blockchain and the generation of dynamic capabilities and financial performance. Thus, we can confirm that a bank adopting blockchain will more likely create dynamic capabilities than those that do not. Hence, blockchain technology is an important tool for achieving dynamic capabilities and increasing performance in banks. Based on the findings, we suggest areas for additional research and highlight policy considerations related to the wider adoption of blockchain technology.
Source: Big Data and Cognitive Computing
DOI: 10.3390/bdcc9060144
Institutions: Universidad Rey Juan Carlos, Universidad de Alcalá
Language: English
Domain: Social Sciences
Open Access status: gold
Estimated APC paid: $2,172
Funder: Universidad Rey Juan Carlos
OpenAlex ID: W4410628616