Master of Science in International Business and Law

Permanent URI for this collectionhttps://dspace.griffith.ie/handle/123456789/98

Browse

Browsing Master of Science in International Business and Law by Author "Alejandra Julieta Vila Rodo"

Filter results by typing the first few letters
Now showing 1 - 1 of 1
  • Thumbnail Image
    Item
    Distributed Ledger Technology in Banking and Cross Border Transactions: is DLT overstating its promise as an efficient, innovative technology, or is it a disruptive hype not possible to be fulfilled?
    (Griffith College, 2019) Alejandra Julieta Vila Rodo
    The emergence of computer and communication technology has changed the way businesses are conducted, and it has raised the perspective of people to carry out international business transactions when dealing with cross border users. The combination of business and technology provide opportunities for businesses, companies or individuals to develop new commercial ideas and business models, where many people are getting involved in the new waves of technology, and there is a development in what transactions used to be and what they are now in this century. The aim of this study is to analyse the exposure of all the changes and statements that the Distributed Ledger Technology (DLT) is stating since this new technology is promising at the same time; it may also be disruptive and could involve more work and changes than probably expected. Moreover, this study attempts to gather information, perceptions, experience how DLT is useful a technology worthy of implementation. The study used the interpretivist, phenomenological, qualitative method. It involved one on one, open-ended semi-structured interview questions that allowed for a greater understanding of the phenomenon of the study. The inclusion criteria for the participants in the data collection was directed to key banking executives, lawyers, specialists in GDPR as well as information and technology professionals. The findings from this study will shed light on the roles that DTL plays in removing the inefficiencies in the banking scheme and cross border transactions as well as promoting financial inclusions as a way to consolidate the data within the boundaries of various platforms. The study will contribute to the importance of the DTL and blockchains literature through suggestions of the implications of what DTL offers and its relevance to the cross-border transactions.