Blockhain Technology in The Banking Sector : Applications and Challenges

Sammanfattning: This paper researches blockchain technology applications for the banking sector and the challenges facing the adoption of the technology. Interviews were conducted with professionals with knowledge and experience about this topic. The results of the interviews were then compared with the research literature in order to gain a deeper understanding of blockchain technology in the banking sector. Some potential applications of blockchain technology for banks are clearing and settlement and anti money-laundering activities. One of the biggest challenges found is the lack of regulation regarding this technology and issues with scalability.