We study blockchain adoption in insurance-reinsurance markets. Unlike standard operational costs related to claim processing that scale linearly with the volume of claims, blockchain operating costs per firm are independent of claim volume and decrease with the adoption rate since verification...

Despite the past decade’s rapid innovation in adapting blockchain technology to new uses, financial intermediation remains elusive except in basic and highly collateralized forms. We introduce the concept of the technical frontier to delimit the kinds of interactions that can feasibly be...

The BT can cause considerable changes in every aspect of human lives and might have a significant influence for the subsequent couple of decades. This technology changes the way as we are seeing processes of business and has transformed our existing economy. The BT is a peer-to-peer...

This article examines banks’ de-risking practices inside Hong Kong’s Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) regime, a problem that has created considerable tension between the demands of AML/CFT prevention and those of financial inclusion. It unravels the...

In the current environment, where the COVID-19 pandemic has exposed the vulnerabilities of the incumbent paper-based trade and supply chain finance systems, digital transformation pledges to alleviate the friction on international trade. Here, we provide a timely review of state-of-the-art...

Why do investors trade highly risky and illiquid blockchain assets in a low-information environment? This paper investigates intraday trading activity (within 1-minute, 30-minutes, and 1-hour intervals) on the Ethereum blockchain and examines how information content, derived from LDA topic...