The nexus between blockchain distributed ledger technology and financial crimes
Purpose: The study sought to uncover the effect of blockchain digital ledger technology (BCDLT) on financial crimes. The study was driven by the need to promote blockchain technology in a bid to enhance financial sanity through elimination of financial delinquency. Research methodology: The study...
Saved in:
| Main Authors: | , , |
|---|---|
| Other Authors: | |
| Format: | research article |
| Language: | English |
| Published: |
Goodwood Publishing
2023
|
| Subjects: | |
| Online Access: | https://cris.library.msu.ac.zw//handle/11408/5359 https://doi.org/10.35912/ijfam.v4i1.815 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1779905246611374080 |
|---|---|
| author | Newton Chinyamunjiko Forbes Makudza Lucia Mandongwe |
| author2 | Department of Accounting and Finance, Midlands State University, Gweru, Zimbabwe |
| author_facet | Department of Accounting and Finance, Midlands State University, Gweru, Zimbabwe Newton Chinyamunjiko Forbes Makudza Lucia Mandongwe |
| author_sort | Newton Chinyamunjiko |
| collection | DSpace |
| description | Purpose: The study sought to uncover the effect of blockchain digital ledger technology (BCDLT) on financial crimes. The study was driven by the need to promote blockchain technology in a bid to enhance financial sanity through elimination of financial delinquency.
Research methodology: The study followed a quantitative paradigm using an explanatory research design. The study targeted financial executives, senior staff members at the Zimbabwe stock exchange, bankers and officials from the financial regulators. Data was collected using a structured questionnaire.
Results: The study found out that of the four independent BCDLT antecedents, manual audit costs were insignificant, whereas the other three had strong positive associations with financial crime reduction.
Limitations: The study targeted a specific group of financiers; hence the results may not be universal to other excluded categories
Contribution: The study significantly guides policy formulation and laws in line with the adoption of the blockchain technology in the global financial system to guard against the possibility of new forms of financial crimes that could emanate from the use of technology. |
| format | research article |
| id | ir-11408-5359 |
| institution | My University |
| language | English |
| publishDate | 2023 |
| publisher | Goodwood Publishing |
| record_format | dspace |
| spelling | ir-11408-53592023-03-02T14:04:18Z The nexus between blockchain distributed ledger technology and financial crimes Newton Chinyamunjiko Forbes Makudza Lucia Mandongwe Department of Accounting and Finance, Midlands State University, Gweru, Zimbabwe Department of Business Management, Manicaland State University of Applied Sciences, Mutare, Zimbabwe Department of Accounting, Manicaland State University of Applied Sciences, Mutare, Zimbabwe Blockchain digital ledger technology Financial crime Financial performance Purpose: The study sought to uncover the effect of blockchain digital ledger technology (BCDLT) on financial crimes. The study was driven by the need to promote blockchain technology in a bid to enhance financial sanity through elimination of financial delinquency. Research methodology: The study followed a quantitative paradigm using an explanatory research design. The study targeted financial executives, senior staff members at the Zimbabwe stock exchange, bankers and officials from the financial regulators. Data was collected using a structured questionnaire. Results: The study found out that of the four independent BCDLT antecedents, manual audit costs were insignificant, whereas the other three had strong positive associations with financial crime reduction. Limitations: The study targeted a specific group of financiers; hence the results may not be universal to other excluded categories Contribution: The study significantly guides policy formulation and laws in line with the adoption of the blockchain technology in the global financial system to guard against the possibility of new forms of financial crimes that could emanate from the use of technology. 4 1 17 30 2023-03-02T14:04:17Z 2023-03-02T14:04:17Z 2022-06-10 research article https://cris.library.msu.ac.zw//handle/11408/5359 https://doi.org/10.35912/ijfam.v4i1.815 en International Journal of Financial, Accounting, and Management (IJFAM) 2656-3355 open Goodwood Publishing |
| spellingShingle | Blockchain digital ledger technology Financial crime Financial performance Newton Chinyamunjiko Forbes Makudza Lucia Mandongwe The nexus between blockchain distributed ledger technology and financial crimes |
| title | The nexus between blockchain distributed ledger technology and financial crimes |
| title_full | The nexus between blockchain distributed ledger technology and financial crimes |
| title_fullStr | The nexus between blockchain distributed ledger technology and financial crimes |
| title_full_unstemmed | The nexus between blockchain distributed ledger technology and financial crimes |
| title_short | The nexus between blockchain distributed ledger technology and financial crimes |
| title_sort | nexus between blockchain distributed ledger technology and financial crimes |
| topic | Blockchain digital ledger technology Financial crime Financial performance |
| url | https://cris.library.msu.ac.zw//handle/11408/5359 https://doi.org/10.35912/ijfam.v4i1.815 |
| work_keys_str_mv | AT newtonchinyamunjiko thenexusbetweenblockchaindistributedledgertechnologyandfinancialcrimes AT forbesmakudza thenexusbetweenblockchaindistributedledgertechnologyandfinancialcrimes AT luciamandongwe thenexusbetweenblockchaindistributedledgertechnologyandfinancialcrimes AT newtonchinyamunjiko nexusbetweenblockchaindistributedledgertechnologyandfinancialcrimes AT forbesmakudza nexusbetweenblockchaindistributedledgertechnologyandfinancialcrimes AT luciamandongwe nexusbetweenblockchaindistributedledgertechnologyandfinancialcrimes |