The particularities of using blockchain in banking [Articol]

Abstract

Purpose of the article: The purpose of this study is to analyze the technological, functional, and strategic aspects of blockchain implementation in the banking sector, with a focus on its impact on operational efficiency, transparency, and security of financial transactions. The paper also examines issues of regulation, scalability, and sustainability accompanying the integration of blockchain into commercial banking activities. Methodology: The research is based on a qualitative analysis of contemporary academic publications, institutional reports, and expert assessments from international financial organizations and consulting firms. Comparative, analytical, and generalization methods were applied to identify the advantages, limitations, and prospects of blockchain use in banking practice. Conclusions: The results indicate that blockchain technology provides significant advantages for digital banking: increased transparency and data integrity, reduced transaction costs, faster settlements, and improved compliance with KYC/AML standards. At the same time, substantial implementation barriers remain, including high investment costs, technological complexity, and regulatory uncertainty. Originality: This study contributes to understanding how blockchain can transform traditional banking systems in the Republic of Moldova and beyond, offering practical recommendations for policymakers and financial institutions regarding the sustainable integration of digital technologies.