3,462
Views
4
CrossRef citations to date
0
Altmetric
Articles

Blockchain architecture and its applications in a bank risk mitigation framework

&
Pages 3119-3137 | Received 28 May 2021, Accepted 24 Sep 2021, Published online: 07 Oct 2021

References

  • Abraham, R., Schneider, J., & Vom Brocke, J. (2019). Data governance: A conceptual framework, structured review, and research agenda. International Journal of Information Management, 49, 424–438. https://doi.org/10.1016/j.ijinfomgt.2019.07.008
  • Allen, F., Gu, X., & Jagtiani, J. (2020). A survey of fintech research and policy discussion [FRB of Philadelphia Working Paper No. 20–21]. https://ssrn.com/abstract=3622468
  • Ali, S., Wang, G., White, B., & Cottrell, R. L. (2018). A blockchain-based decentralized data storage and access framework for pinger [Paper presentation]. Paper Presented at the 2018 17th IEEE International Conference on Trust, Security and Privacy in Computing and Communications/12th IEEE International Conference on Big Data Science and Engineering (TrustCom/BigDataSE).
  • Athreya, K., Tam, X. S., & Young, E. R. (2012). A quantitative theory of information and unsecured credit. American Economic Journal: Macroeconomics, 4(3), 153–183.
  • Aune, R. T., Krellenstein, A., O’Hara, M., & Slama, O. (2017). Footprints on a blockchain: Trading and information leakage in distributed ledgers. The Journal of Trading, 12(3), 5–13. https://doi.org/10.3905/jot.2017.12.3.005
  • Bakre, A., Patil, N., & Gupta, S. (2017). Implementing decentralized digital identity using blockchain. International Journal of Engineering Technology Science and Research, 4(10), 379–385.
  • Beutel, J., List, S., & von Schweinitz, G. (2019). Does machine learning help us predict banking crises? Journal of Financial Stability, 45, 100693. https://doi.org/10.1016/j.jfs.2019.100693
  • Cahill, D., G. Baur, D., (Frank) Liu, Z., & W. Yang, J. (2020). I am a blockchain too: How does the market respond to companies’ interest in blockchain? Journal of Banking & Finance, 113, 105740. https://doi.org/10.1016/j.jbankfin.2020.105740
  • Capponi, A., & Chen, P. C. (2015). Systemic risk mitigation in financial networks. Journal of Economic Dynamics and Control, 58, 152–166. https://doi.org/10.1016/j.jedc.2015.06.008
  • Clair, R. T. (1992). Loan growth and loan quality: Some preliminary evidence from Texas banks. Economic Review, Federal Reserve Bank of Dallas, Third Quarter, 1992, 9–22.
  • Coblenz, M. (2017). Obsidian: A safer blockchain programming language [Paper presentation]. Paper Presented at the 2017 IEEE/ACM 39th International Conference on Software Engineering Companion (ICSE-C). https://doi.org/10.1109/ICSE-C.2017.150
  • Cong, L. W., & He, Z. (2019). Blockchain disruption and smart contracts. The Review of Financial Studies, 32(5), 1754–1797. https://doi.org/10.1093/rfs/hhz007
  • Cong, L. W., Li, Y., & Wang, N. (2021). Tokenomics: Dynamic adoption and valuation. The Review of Financial Studies, 34(3), 1105–1155. https://doi.org/10.1093/rfs/hhaa089
  • Dai, M., Zhang, S., Wang, H., & Jin, S. (2018). A low storage room requirement framework for distributed ledger in blockchain. IEEE Access, 6, 22970–22975. https://doi.org/10.1109/ACCESS.2018.2814624
  • Dashottar, S., & Srivastava, V. (2021). Corporate banking – Risk management, regulatory and reporting framework in India: A blockchain application-based approach. Journal of Banking Regulation, 22(1), 39–51. https://doi.org/10.1057/s41261-020-00127-z
  • Drozd, L. A., & Serrano-Padial, R. (2017). Modeling the revolving revolution: The debt collection channel. American Economic Review, 107(3), 897–930. https://doi.org/10.1257/aer.20131029
  • Eisenberg, L., & Noe, T. H. (2001). Systemic risk in financial systems. Management Science, 47(2), 236–249. https://doi.org/10.1287/mnsc.47.2.236.9835
  • Fang, W., Chen, W., Zhang, W., Pei, J., Gao, W., & Wang, G. (2020). Digital signature scheme for information non-repudiation in blockchain: A state of the art review. EURASIP Journal on Wireless Communications and Networking, 2020(1), 1–15. https://doi.org/10.1186/s13638-020-01665-w
  • Goodell, G., & Aste, T. (2019). A decentralized digital identity architecture. Frontiers in Blockchain, 2, 17. https://doi.org/10.3389/fbloc.2019.00017
  • Gudgeon, L., Moreno-Sanchez, P., Roos, S., McCorry, P., & Gervais, A. (2020). SoK: Layer-two blockchain protocols [Paper presentation]. Paper Presented at the International Conference on Financial Cryptography and Data Security.
  • Hasan, I., Jackowicz, K., Kowalewski, O., & Kozłowski, Ł. (2013). Market discipline during crisis: Evidence from bank depositors in transition countries. Journal of Banking & Finance, 37(12), 5436–5451. https://doi.org/10.1016/j.jbankfin.2013.06.007
  • Hou, X., Gao, Z., & Wang, Q. (2016). Internet finance development and banking market discipline: Evidence from China. Journal of Financial Stability, 22, 88–100. https://doi.org/10.1016/j.jfs.2016.01.001
  • Kaal, W. A. (2020). Blockchain solutions for agency problems in corporate governance. In Balachandran, K. R. (ed.), Information for Efficient Decision Making Big Data, Blockchain and Relevance (pp. 313–329). World Scientific Publishing Co.
  • Li, H., Tian, H., Zhang, F., & He, J. (2019). Blockchain-based searchable symmetric encryption scheme. Computers & Electrical Engineering, 73, 32–45. https://doi.org/10.1016/j.compeleceng.2018.10.015
  • Li, J., & Zinna, G. (2014). On bank credit risk: Systemic or bank specific? Evidence for the United States and United Kingdom. Journal of Financial and Quantitative Analysis, 49(5–6), 1403–1442. https://doi.org/10.1017/S0022109015000022
  • Li, Z., Barenji, A. V., & Huang, G. Q. (2018). Toward a blockchain cloud manufacturing system as a peer to peer distributed network platform. Robotics and Computer-Integrated Manufacturing, 54, 133–144. https://doi.org/10.1016/j.rcim.2018.05.011
  • Livshits, I., Mac Gee, J. C., & Tertilt, M. (2016). The democratization of credit and the rise in consumer bankruptcies. The Review of Economic Studies, 83(4), 1673–1710. https://doi.org/10.1093/restud/rdw011
  • Mingxiao, D., Xiaofeng, M., Zhe, Z., Xiangwei, W., & Qijun, C. (2017). A review on consensus algorithm of blockchain [Paper presentation]. IEEE International Conference on Systems, Man, and Cybernetics (SMC) (pp. 2567–2572). IEEE.
  • Narajabad, B. N. (2012). Information technology and the rise of household bankruptcy. Review of Economic Dynamics, 15(4), 526–550. https://doi.org/10.1016/j.red.2012.06.002
  • Nijskens, R., & Wagner, W. (2011). Credit risk transfer activities and systemic risk: How banks became less risky individually but posed greater risks to the financial system at the same time. Journal of Banking & Finance, 35(6), 1391–1398. https://doi.org/10.1016/j.jbankfin.2010.10.001
  • Osmani, M., El-Haddadeh, R., Hindi, N., Janssen, M., & Weerakkody, V. (2021). Blockchain for next generation services in banking and finance: Cost, benefit, risk and opportunity analysis. Journal of Enterprise Information Management, 34(3), 884–899. https://doi.org/10.1108/JEIM-02-2020-0044
  • Reinhart, C. M., & Rogoff, K. S. (2009). This time is different: Eight centuries of financial folly. Princeton University Press.
  • Sanchez, J. M. (2010). The IT revolution and the unsecured credit market [Federal Reserve Bank of St. Louis Working Paper No. 2010-022A].
  • Sarwate, A. D., & Chaudhuri, K. (2013). Signal processing and machine learning with differential privacy: Algorithms and challenges for continuous data. IEEE Signal Processing Magazine, 30(5), 86–94.
  • Savelyev, A. (2018). Some risks of tokenization and blockchainizaition of private law. Computer Law & Security Review, 34(4), 863–869. https://doi.org/10.1016/j.clsr.2018.05.010
  • Singh, S., & Singh, N. (2016). Blockchain: Future of financial and cyber security [Paper presentation]. Paper presented at the 2016 2nd International Conference on Contemporary Computing and Informatics (IC3I). https://doi.org/10.1109/IC3I.2016.7918009
  • Sun, Y., Xue, R., Zhang, R., Su, Q., & Gao, S. (2021). RTChain: A reputation system with transaction and consensus incentives for e-commerce blockchain. ACM Transactions on Internet Technology, 21(1), 1–24. https://doi.org/10.1145/3430502
  • Syed, T. A., Alzahrani, A., Jan, S., Siddiqui, M. S., Nadeem, A., & Alghamdi, T. (2019). A comparative analysis of blockchain architecture and its applications: Problems and recommendations. IEEE Access., 7, 176838–176869. https://doi.org/10.1109/ACCESS.2019.2957660
  • Thakor, A. V. (2020). Fintech and banking: What do we know? Journal of Financial Intermediation, 41, 100833. https://doi.org/10.1016/j.jfi.2019.100833
  • Truby, J. (2018). Decarbonizing Bitcoin: Law and policy choices for reducing the energy consumption of blockchain technologies and digital currencies. Energy Research & Social Science, 44, 399–410. https://doi.org/10.1016/j.erss.2018.06.009
  • Wang, B., Sun, J., He, Y., Pang, D., & Lu, N. (2018). Large-scale election based on blockchain. Procedia Computer Science, 129, 234–237. https://doi.org/10.1016/j.procs.2018.03.063
  • Wang, R., Lin, Z., & Luo, H. (2019). Blockchain, bank credit and SME financing. Quality & Quantity, 53(3), 1127–1140. https://doi.org/10.1007/s11135-018-0806-6
  • Wang, X., Xu, X., Feagan, L., Huang, S., Jiao, L., & Zhao, W. (2018). Inter-bank payment system on enterprise blockchain platform [Paper presentation]. 11th International Conference on Cloud Computing (CLOUD) (pp. 614–621). IEEE.
  • Zhang, L., Xie, Y., Zheng, Y., Xue, W., Zheng, X., & Xu, X. (2020). The challenges and countermeasures of blockchain in finance and economics. Systems Research and Behavioral Science, 37(4), 691–698. https://doi.org/10.1002/sres.2710
  • Zhao, H., Zhang, M., Wang, S., Li, E., Guo, Z., & Sun, D. (2020). Security risk and response analysis of typical application architecture of information and communication blockchain. Neural Computing and Applications, 33(13), 7661–7671.
  • Zheng, Y. (2020). Does bank opacity affect lending? Journal of Banking & Finance, 119, 105900. https://doi.org/10.1016/j.jbankfin.2020.105900
  • Zhong, L., Wu, Q., Xie, J., Li, J., & Qin, B. (2019). A secure versatile light payment system based on blockchain. Future Generation Computer Systems, 93, 327–337. https://doi.org/10.1016/j.future.2018.10.012