blockchain peer review.docx - Blockchain In your interna...

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BlockchainIn your interna land external analysis of ABN AMRO you explain that blockchain is seen as a majordisruptive development in the financial service industry. But in your recommendation, you don’tprovide further information for ABN AMRO to build upon. Blockchain can give banks theopportunity to further integrate Big data and save cost though reduces transaction and processing cost(Iskandar, 2017).Furthermore, Blockchain can provide increased security for transaction, thus lower the risk ofcyber security, and reduce the information asymmetry in the industry(Quddus, 2020). Although thesubject is spoken about in your paper the full depth of the disruption is overlooked. Blockchain canprovide banks with a better and faster way to Know Your Customer. Reducing risk of the bankslaundering funds for criminal organization and the fines associated with them (Hassani et al., 2018).Moreover, innovation regarding to blockchain will also likely result in more competition to the

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Term
Spring
Professor
N/A
Tags
Financial services, ABN AMRO, blockchain

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