The Integration of Distributed Ledger Technology in Banking

Abstract

Despite the benefits that banks could get from implementing distributed ledger technologies (DLTs), few banks have focused on making full use of it. According to operational experience, DLTs – which are blockchain based in this case – are frequently employed at the level of cryptocurrencies but are seldom used when it comes to banking applications. This chapter aims to provide an overview of the current state of the academic literature on implementing DLT in the banking sector. By providing a comprehensive overview of DLT adoption in the banking sector, this study can contribute to the development of a better understanding of DLT and its potential to transform the banking industry.