Modeling Factors Influencing Blockchain Adoption in Retail Banking: A DEMATEL-Based Approach DOI Creative Commons

Michail D. Papagiannis,

Panos Chountalas, Anastasios Magoutas

et al.

International Journal of Financial Studies, Journal Year: 2025, Volume and Issue: 13(2), P. 50 - 50

Published: April 1, 2025

In the rapidly evolving digital landscape, integrating blockchain technology into retail banking has emerged as a pivotal strategy for operational efficiency and competitive differentiation. This study employs Decision Making Trial Evaluation Laboratory (DEMATEL) methodology to explore relationships among main factors shaping adoption, highlighting their direct indirect effects on banks’ implementation efforts. The findings reveal that cost exerts strongest causal influence significantly affecting all other factors. Moreover, interaction between scalability is mediated by regulatory requirements, customer acceptance, industry collaboration. Specifically, compliance obligations associated uncertainties can magnify barrier, while higher expenses may discourage engagement limit large-scale adoption. Simultaneously, collaborations banks partners alleviate burdens, thereby promoting more widespread implementation. These highlight need careful financial planning, strategic investment, manage high costs inherent in projects. Furthermore, should consider proactive education convey benefits of blockchain-driven innovations, building trust encouraging utilization.

Language: Английский

Modeling Factors Influencing Blockchain Adoption in Retail Banking: A DEMATEL-Based Approach DOI Creative Commons

Michail D. Papagiannis,

Panos Chountalas, Anastasios Magoutas

et al.

International Journal of Financial Studies, Journal Year: 2025, Volume and Issue: 13(2), P. 50 - 50

Published: April 1, 2025

In the rapidly evolving digital landscape, integrating blockchain technology into retail banking has emerged as a pivotal strategy for operational efficiency and competitive differentiation. This study employs Decision Making Trial Evaluation Laboratory (DEMATEL) methodology to explore relationships among main factors shaping adoption, highlighting their direct indirect effects on banks’ implementation efforts. The findings reveal that cost exerts strongest causal influence significantly affecting all other factors. Moreover, interaction between scalability is mediated by regulatory requirements, customer acceptance, industry collaboration. Specifically, compliance obligations associated uncertainties can magnify barrier, while higher expenses may discourage engagement limit large-scale adoption. Simultaneously, collaborations banks partners alleviate burdens, thereby promoting more widespread implementation. These highlight need careful financial planning, strategic investment, manage high costs inherent in projects. Furthermore, should consider proactive education convey benefits of blockchain-driven innovations, building trust encouraging utilization.

Language: Английский

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