Working Paper

Block Chain : Opportunities for Private Enterprises in Emerging Market

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collection.link.315
https://openknowledge.worldbank.org/handle/10986/30315
collection.name.315
EMCompass Notes
dc.contributor.author
Niforos, Marina
dc.contributor.author
Ramachandran, Vijaya
dc.contributor.author
Rehermann, Thomas
dc.date.accessioned
2017-12-06T17:24:45Z
dc.date.available
2017-12-06T17:24:45Z
dc.date.issued
2017-11
dc.date.lastModified
2021-05-25T10:54:40Z
dc.description.abstract
The six chapters that follow provide an overview of the technology (chapter one) and its unfolding applications in emerging markets (chapter two). Chapter three examines whether blockchain can be used to mitigate de-risking by financial institutions. Chapters four and five look more closely at the financial services sector, including an overview of how blockchain affects plays into the wider spectrum of financial technology (fintech) innovations and the resulting provision of financial services (chapter four), and an analysis of blockchain’s contribution to reaching the unbanked and underbanked in various emerging markets, including in Latin America, Asia and countries in Sub-Saharan Africa (chapter five). Finally, Chapter six looks ‘beyond fintech’ and explores how developments in applied blockchain technology can impact agribusiness, drug safety and more generally provide enforcement tools to promote the reach of sustainable and inclusive business. These chapters are merely the beginning of an exploration. Sound use cases for blockchain beyond cryptocurrencies are yet to be validated. As money pours into the latest novel technology, it is important to distinguish hype from reality, and to avoid assuming validation due to investments made under the ‘fear of missing out,’ a popular Silicon Valley investment decision heuristic. The enduring value of blockchain’s accelerated investment cycle may be that it has fostered intense experimentation and focused attention on the fundamental nature of ledgers, transactions, counterparty connectivity, and the role of trust.
en
dc.identifier
http://documents.worldbank.org/curated/en/841481510732701884/Block-chain-opportunities-for-private-enterprises-in-emerging-market
dc.identifier.uri
http://hdl.handle.net/10986/28962
dc.language
English
dc.publisher
International Finance Corporation, Washington, D.C.
dc.rights
CC BY-NC-ND 3.0 IGO
dc.rights.holder
International Finance Corporation
dc.rights.uri
http://creativecommons.org/licenses/by-nc-nd/3.0/igo
dc.subject
BLOCKCHAIN
dc.subject
FINANCIAL SERVICES
dc.subject
FINANCIAL INCLUSION
dc.subject
EMERGING MARKETS
dc.subject
ACCOUNTING STANDARDS
dc.subject
DISTRIBUTED LEDGERS
dc.subject
CORRESPONDENT BANKING
dc.subject
FINANCIAL TECHNOLOGY
dc.subject
EMERGING MARKET ECONOMIES
dc.subject
DATA TRANSFER
dc.subject
ENCRYPTION TECHNOLOGY
dc.subject
CRYPTOCURRENCIES
dc.subject
RISK MANAGEMENT
dc.subject
DIGITAL FINANCE
dc.subject
AUDITING STANDARDS
dc.subject
ACCESS TO FINANCE
dc.subject
DIGITAL ID
dc.subject
E-SECURITY
dc.subject
TRANSACTION COSTS
dc.title
Block Chain
en
dc.title.subtitle
Opportunities for Private Enterprises in Emerging Market
en
dc.type
Working Paper
en
okr.date.disclosure
2017-11-15
okr.doctype
Publications & Research
okr.doctype
Publications & Research :: Working Paper
okr.docurl
http://documents.worldbank.org/curated/en/841481510732701884/Block-chain-opportunities-for-private-enterprises-in-emerging-market
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/28962
okr.identifier.externaldocumentum
090224b08531efed_1_0
okr.identifier.internaldocumentum
28159468
okr.identifier.report
121278
okr.imported
true
en
okr.language.supported
en
okr.topic
Finance and Financial Sector Development :: E-Finance and E-Security
okr.topic
Finance and Financial Sector Development :: Finance and Development
okr.topic
Finance and Financial Sector Development :: Financial Regulation & Supervision
okr.topic
Information and Communication Technologies :: ICT Applications
okr.topic
Information and Communication Technologies :: Information Security & Privacy
okr.topic
Information and Communication Technologies :: Information Technology
okr.unit
Enterprise Analysis-IFC (DECEA)

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