The Impact of Blockchain Technology and Dynamic Capabilities on Banks’ Performance
Blockchain technology has sparked significant interest and is currently being researched by academics and practitioners due to its potential to reduce transaction costs, improve the security of transactions, increase transparency, etc. However, there is still much doubt about its impact, and the tec...
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| Format: | Article |
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MDPI AG
2025-05-01
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| Series: | Big Data and Cognitive Computing |
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| Online Access: | https://www.mdpi.com/2504-2289/9/6/144 |
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| author | Abayomi Ogunrinde Carmen De-Pablos-Heredero José-Luis Montes-Botella Luis Fernández-Sanz |
| author_facet | Abayomi Ogunrinde Carmen De-Pablos-Heredero José-Luis Montes-Botella Luis Fernández-Sanz |
| author_sort | Abayomi Ogunrinde |
| collection | DOAJ |
| description | Blockchain technology has sparked significant interest and is currently being researched by academics and practitioners due to its potential to reduce transaction costs, improve the security of transactions, increase transparency, etc. However, there is still much doubt about its impact, and the technology is still in its infancy, with varying degrees of adoption among different financial institutions. Structural Equation Modeling (SEM) analysis was utilized to test the impact of blockchain and dynamic capabilities on the Bank’s Performance of top banks in Spain. The innovative approach seeks to understand how performance can be improved by deploying blockchain technology (BC) in banks. Results showed a significant association between banks’ adoption of blockchain and the generation of dynamic capabilities and financial performance. Thus, we can confirm that a bank adopting blockchain will more likely create dynamic capabilities than those that do not. Hence, blockchain technology is an important tool for achieving dynamic capabilities and increasing performance in banks. Based on the findings, we suggest areas for additional research and highlight policy considerations related to the wider adoption of blockchain technology. |
| format | Article |
| id | doaj-art-9ec239765b6a47dda118be1e6eb3ec4e |
| institution | Kabale University |
| issn | 2504-2289 |
| language | English |
| publishDate | 2025-05-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Big Data and Cognitive Computing |
| spelling | doaj-art-9ec239765b6a47dda118be1e6eb3ec4e2025-08-20T03:26:25ZengMDPI AGBig Data and Cognitive Computing2504-22892025-05-019614410.3390/bdcc9060144The Impact of Blockchain Technology and Dynamic Capabilities on Banks’ PerformanceAbayomi Ogunrinde0Carmen De-Pablos-Heredero1José-Luis Montes-Botella2Luis Fernández-Sanz3Department of Business Economics (Administration, Management, and Organization), Applied Economics II and Fundamentals of Economic Analysis, Universidad Rey Juan Carlos, Paseo de los Artilleros s/n, 28032 Madrid, SpainDepartment of Business Economics (Administration, Management, and Organization), Applied Economics II and Fundamentals of Economic Analysis, Universidad Rey Juan Carlos, Paseo de los Artilleros s/n, 28032 Madrid, SpainDepartment of Applied Economy I, Universidad Rey Juan Carlos, Paseo de los Artilleros s/n, 28032 Madrid, SpainDepartment of Computer Science, Universidad Alcalá de Henares, Pza. San Diego s/n, 28801 Alcalá de Henares, Madrid, SpainBlockchain technology has sparked significant interest and is currently being researched by academics and practitioners due to its potential to reduce transaction costs, improve the security of transactions, increase transparency, etc. However, there is still much doubt about its impact, and the technology is still in its infancy, with varying degrees of adoption among different financial institutions. Structural Equation Modeling (SEM) analysis was utilized to test the impact of blockchain and dynamic capabilities on the Bank’s Performance of top banks in Spain. The innovative approach seeks to understand how performance can be improved by deploying blockchain technology (BC) in banks. Results showed a significant association between banks’ adoption of blockchain and the generation of dynamic capabilities and financial performance. Thus, we can confirm that a bank adopting blockchain will more likely create dynamic capabilities than those that do not. Hence, blockchain technology is an important tool for achieving dynamic capabilities and increasing performance in banks. Based on the findings, we suggest areas for additional research and highlight policy considerations related to the wider adoption of blockchain technology.https://www.mdpi.com/2504-2289/9/6/144dynamic capabilitiesblockchainbanksdetection capacityadoption capacityabsorption capacity |
| spellingShingle | Abayomi Ogunrinde Carmen De-Pablos-Heredero José-Luis Montes-Botella Luis Fernández-Sanz The Impact of Blockchain Technology and Dynamic Capabilities on Banks’ Performance Big Data and Cognitive Computing dynamic capabilities blockchain banks detection capacity adoption capacity absorption capacity |
| title | The Impact of Blockchain Technology and Dynamic Capabilities on Banks’ Performance |
| title_full | The Impact of Blockchain Technology and Dynamic Capabilities on Banks’ Performance |
| title_fullStr | The Impact of Blockchain Technology and Dynamic Capabilities on Banks’ Performance |
| title_full_unstemmed | The Impact of Blockchain Technology and Dynamic Capabilities on Banks’ Performance |
| title_short | The Impact of Blockchain Technology and Dynamic Capabilities on Banks’ Performance |
| title_sort | impact of blockchain technology and dynamic capabilities on banks performance |
| topic | dynamic capabilities blockchain banks detection capacity adoption capacity absorption capacity |
| url | https://www.mdpi.com/2504-2289/9/6/144 |
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