Blockchain’s Impact on Morocco’s Financial Sector: Opportunities and Challenges
The adoption of emerging technologies in the finance industry, such as blockchain, promises to provide new perspectives on data security and business processes. This advanced innovation paves the way for unprecedented financial and organizational optimization, transforming not only processes and str...
Gespeichert in:
Veröffentlicht in: | ITM web of conferences 2024, Vol.69, p.1001 |
---|---|
Hauptverfasser: | , |
Format: | Artikel |
Sprache: | eng |
Schlagworte: | |
Online-Zugang: | Volltext |
Tags: |
Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
|
container_end_page | |
---|---|
container_issue | |
container_start_page | 1001 |
container_title | ITM web of conferences |
container_volume | 69 |
creator | Asly, Ishaq Essabbar, Driss |
description | The adoption of emerging technologies in the finance industry, such as blockchain, promises to provide new perspectives on data security and business processes. This advanced innovation paves the way for unprecedented financial and organizational optimization, transforming not only processes and structures, but also fundamental paradigms of trust and knowledge. The financial industry faces numerous challenges in combating fraud and embezzlement, due to the complexity and scale of its operations. Therefore, the infrastructure provided by the blockchain system helps reduce costs related to intermediaries, enhances security, and improves trust between stakeholders, thanks to the principle of decentralization and the immutability of its ledger. Furthermore, this technological revolution offers financial actors the ability to create new services and solutions in order to meet the needs of several business activities, especially those with complex supply chains. A perfect use of it, will certainly develop the standards of this industry and stimulate innovative economic growth. Although the blockchain offers substantial opportunities for the financial sector, its potential can only be fully achieved with adequate regulatory support, as a way to steer the system toward a more digital and inclusive economy. After a presentation of blockchain technology and its mode of operation, we will be focusing on its potential in finance and how it might provide creative accounting and financial management solutions. |
doi_str_mv | 10.1051/itmconf/20246901001 |
format | Article |
fullrecord | <record><control><sourceid>proquest_doaj_</sourceid><recordid>TN_cdi_proquest_journals_3147147725</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><doaj_id>oai_doaj_org_article_f5dff8d5fbf2447caf49809928f62bb0</doaj_id><sourcerecordid>3147147725</sourcerecordid><originalsourceid>FETCH-LOGICAL-c1831-1a1c06caa3a3b20fa46e3bbb24c00c987c997ed4c6b2663530f3bacd367628be3</originalsourceid><addsrcrecordid>eNpNkc1Kw0AUhYMoWLRP4CbgOjo_ySRxp8WfQqWL6nq4czPTTk1n4ky6cOdr-Ho-idEWKVy4l8Ph3ANfklxQckVJQa9tv0HvzDUjLBc1oYTQo2TEWEkzRury-OA-TcYxrsngKCpBmRgli7vW4xuuwLrvz6-YTjcdYJ96lz774BH9n_pgHTi00KYLjb0PN-m863zot872VscUXJNOVtC22i11PE9ODLRRj_f7LHl9uH-ZPGWz-eN0cjvLkFacZhQoEoEAHLhixEAuNFdKsRwJwboqsa5L3eQoFBOCF5wYrgAbLkrBKqX5WTLd5TYe1rILdgPhQ3qw8k_wYSkh9BZbLU3RGFM1hVGG5XmJYPK6InXNKiOYUmTIutxldcG_b3Xs5dpvgxvqS07zcpiSFYOL71wYfIxBm_-vlMhfGHIPQx7A4D9T2YBb</addsrcrecordid><sourcetype>Open Website</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>3147147725</pqid></control><display><type>article</type><title>Blockchain’s Impact on Morocco’s Financial Sector: Opportunities and Challenges</title><source>DOAJ Directory of Open Access Journals</source><source>EDP Open</source><source>EZB-FREE-00999 freely available EZB journals</source><creator>Asly, Ishaq ; Essabbar, Driss</creator><contributor>Zeroual, A. ; Vanderhaegen, F.</contributor><creatorcontrib>Asly, Ishaq ; Essabbar, Driss ; Zeroual, A. ; Vanderhaegen, F.</creatorcontrib><description>The adoption of emerging technologies in the finance industry, such as blockchain, promises to provide new perspectives on data security and business processes. This advanced innovation paves the way for unprecedented financial and organizational optimization, transforming not only processes and structures, but also fundamental paradigms of trust and knowledge. The financial industry faces numerous challenges in combating fraud and embezzlement, due to the complexity and scale of its operations. Therefore, the infrastructure provided by the blockchain system helps reduce costs related to intermediaries, enhances security, and improves trust between stakeholders, thanks to the principle of decentralization and the immutability of its ledger. Furthermore, this technological revolution offers financial actors the ability to create new services and solutions in order to meet the needs of several business activities, especially those with complex supply chains. A perfect use of it, will certainly develop the standards of this industry and stimulate innovative economic growth. Although the blockchain offers substantial opportunities for the financial sector, its potential can only be fully achieved with adequate regulatory support, as a way to steer the system toward a more digital and inclusive economy. After a presentation of blockchain technology and its mode of operation, we will be focusing on its potential in finance and how it might provide creative accounting and financial management solutions.</description><identifier>ISSN: 2271-2097</identifier><identifier>ISSN: 2431-7578</identifier><identifier>EISSN: 2271-2097</identifier><identifier>DOI: 10.1051/itmconf/20246901001</identifier><language>eng</language><publisher>Les Ulis: EDP Sciences</publisher><subject>Blockchain ; Business process management ; Complexity ; Economic development ; Finance ; Financial management ; Financial services ; Industrial development ; Security ; Supply chains</subject><ispartof>ITM web of conferences, 2024, Vol.69, p.1001</ispartof><rights>2024. This work is licensed under https://creativecommons.org/licenses/by/4.0/ (the “License”). Notwithstanding the ProQuest Terms and conditions, you may use this content in accordance with the terms of the License.</rights><lds50>peer_reviewed</lds50><oa>free_for_read</oa><woscitedreferencessubscribed>false</woscitedreferencessubscribed><cites>FETCH-LOGICAL-c1831-1a1c06caa3a3b20fa46e3bbb24c00c987c997ed4c6b2663530f3bacd367628be3</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><link.rule.ids>309,310,314,776,780,785,786,860,2095,4009,23910,23911,25119,27902,27903,27904</link.rule.ids></links><search><contributor>Zeroual, A.</contributor><contributor>Vanderhaegen, F.</contributor><creatorcontrib>Asly, Ishaq</creatorcontrib><creatorcontrib>Essabbar, Driss</creatorcontrib><title>Blockchain’s Impact on Morocco’s Financial Sector: Opportunities and Challenges</title><title>ITM web of conferences</title><description>The adoption of emerging technologies in the finance industry, such as blockchain, promises to provide new perspectives on data security and business processes. This advanced innovation paves the way for unprecedented financial and organizational optimization, transforming not only processes and structures, but also fundamental paradigms of trust and knowledge. The financial industry faces numerous challenges in combating fraud and embezzlement, due to the complexity and scale of its operations. Therefore, the infrastructure provided by the blockchain system helps reduce costs related to intermediaries, enhances security, and improves trust between stakeholders, thanks to the principle of decentralization and the immutability of its ledger. Furthermore, this technological revolution offers financial actors the ability to create new services and solutions in order to meet the needs of several business activities, especially those with complex supply chains. A perfect use of it, will certainly develop the standards of this industry and stimulate innovative economic growth. Although the blockchain offers substantial opportunities for the financial sector, its potential can only be fully achieved with adequate regulatory support, as a way to steer the system toward a more digital and inclusive economy. After a presentation of blockchain technology and its mode of operation, we will be focusing on its potential in finance and how it might provide creative accounting and financial management solutions.</description><subject>Blockchain</subject><subject>Business process management</subject><subject>Complexity</subject><subject>Economic development</subject><subject>Finance</subject><subject>Financial management</subject><subject>Financial services</subject><subject>Industrial development</subject><subject>Security</subject><subject>Supply chains</subject><issn>2271-2097</issn><issn>2431-7578</issn><issn>2271-2097</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2024</creationdate><recordtype>article</recordtype><sourceid>ABUWG</sourceid><sourceid>AFKRA</sourceid><sourceid>AZQEC</sourceid><sourceid>BENPR</sourceid><sourceid>CCPQU</sourceid><sourceid>DWQXO</sourceid><sourceid>GNUQQ</sourceid><sourceid>DOA</sourceid><recordid>eNpNkc1Kw0AUhYMoWLRP4CbgOjo_ySRxp8WfQqWL6nq4czPTTk1n4ky6cOdr-Ho-idEWKVy4l8Ph3ANfklxQckVJQa9tv0HvzDUjLBc1oYTQo2TEWEkzRury-OA-TcYxrsngKCpBmRgli7vW4xuuwLrvz6-YTjcdYJ96lz774BH9n_pgHTi00KYLjb0PN-m863zot872VscUXJNOVtC22i11PE9ODLRRj_f7LHl9uH-ZPGWz-eN0cjvLkFacZhQoEoEAHLhixEAuNFdKsRwJwboqsa5L3eQoFBOCF5wYrgAbLkrBKqX5WTLd5TYe1rILdgPhQ3qw8k_wYSkh9BZbLU3RGFM1hVGG5XmJYPK6InXNKiOYUmTIutxldcG_b3Xs5dpvgxvqS07zcpiSFYOL71wYfIxBm_-vlMhfGHIPQx7A4D9T2YBb</recordid><startdate>2024</startdate><enddate>2024</enddate><creator>Asly, Ishaq</creator><creator>Essabbar, Driss</creator><general>EDP Sciences</general><scope>AAYXX</scope><scope>CITATION</scope><scope>3V.</scope><scope>7SC</scope><scope>7TB</scope><scope>7U5</scope><scope>7XB</scope><scope>8AL</scope><scope>8FD</scope><scope>8FE</scope><scope>8FG</scope><scope>8FK</scope><scope>ABJCF</scope><scope>ABUWG</scope><scope>AFKRA</scope><scope>ARAPS</scope><scope>AZQEC</scope><scope>BENPR</scope><scope>BGLVJ</scope><scope>CCPQU</scope><scope>DWQXO</scope><scope>FR3</scope><scope>GNUQQ</scope><scope>H8D</scope><scope>HCIFZ</scope><scope>JQ2</scope><scope>K7-</scope><scope>KR7</scope><scope>L6V</scope><scope>L7M</scope><scope>L~C</scope><scope>L~D</scope><scope>M0N</scope><scope>M7S</scope><scope>P5Z</scope><scope>P62</scope><scope>PIMPY</scope><scope>PQEST</scope><scope>PQQKQ</scope><scope>PQUKI</scope><scope>PRINS</scope><scope>PTHSS</scope><scope>Q9U</scope><scope>DOA</scope></search><sort><creationdate>2024</creationdate><title>Blockchain’s Impact on Morocco’s Financial Sector: Opportunities and Challenges</title><author>Asly, Ishaq ; Essabbar, Driss</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c1831-1a1c06caa3a3b20fa46e3bbb24c00c987c997ed4c6b2663530f3bacd367628be3</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2024</creationdate><topic>Blockchain</topic><topic>Business process management</topic><topic>Complexity</topic><topic>Economic development</topic><topic>Finance</topic><topic>Financial management</topic><topic>Financial services</topic><topic>Industrial development</topic><topic>Security</topic><topic>Supply chains</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Asly, Ishaq</creatorcontrib><creatorcontrib>Essabbar, Driss</creatorcontrib><collection>CrossRef</collection><collection>ProQuest Central (Corporate)</collection><collection>Computer and Information Systems Abstracts</collection><collection>Mechanical & Transportation Engineering Abstracts</collection><collection>Solid State and Superconductivity Abstracts</collection><collection>ProQuest Central (purchase pre-March 2016)</collection><collection>Computing Database (Alumni Edition)</collection><collection>Technology Research Database</collection><collection>ProQuest SciTech Collection</collection><collection>ProQuest Technology Collection</collection><collection>ProQuest Central (Alumni) (purchase pre-March 2016)</collection><collection>Materials Science & Engineering Collection</collection><collection>ProQuest Central (Alumni Edition)</collection><collection>ProQuest Central UK/Ireland</collection><collection>Advanced Technologies & Aerospace Collection</collection><collection>ProQuest Central Essentials</collection><collection>ProQuest Central</collection><collection>Technology Collection</collection><collection>ProQuest One Community College</collection><collection>ProQuest Central Korea</collection><collection>Engineering Research Database</collection><collection>ProQuest Central Student</collection><collection>Aerospace Database</collection><collection>SciTech Premium Collection</collection><collection>ProQuest Computer Science Collection</collection><collection>Computer Science Database</collection><collection>Civil Engineering Abstracts</collection><collection>ProQuest Engineering Collection</collection><collection>Advanced Technologies Database with Aerospace</collection><collection>Computer and Information Systems Abstracts Academic</collection><collection>Computer and Information Systems Abstracts Professional</collection><collection>Computing Database</collection><collection>Engineering Database</collection><collection>Advanced Technologies & Aerospace Database</collection><collection>ProQuest Advanced Technologies & Aerospace Collection</collection><collection>Publicly Available Content Database</collection><collection>ProQuest One Academic Eastern Edition (DO NOT USE)</collection><collection>ProQuest One Academic</collection><collection>ProQuest One Academic UKI Edition</collection><collection>ProQuest Central China</collection><collection>Engineering Collection</collection><collection>ProQuest Central Basic</collection><collection>DOAJ Directory of Open Access Journals</collection><jtitle>ITM web of conferences</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Asly, Ishaq</au><au>Essabbar, Driss</au><au>Zeroual, A.</au><au>Vanderhaegen, F.</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Blockchain’s Impact on Morocco’s Financial Sector: Opportunities and Challenges</atitle><jtitle>ITM web of conferences</jtitle><date>2024</date><risdate>2024</risdate><volume>69</volume><spage>1001</spage><pages>1001-</pages><issn>2271-2097</issn><issn>2431-7578</issn><eissn>2271-2097</eissn><abstract>The adoption of emerging technologies in the finance industry, such as blockchain, promises to provide new perspectives on data security and business processes. This advanced innovation paves the way for unprecedented financial and organizational optimization, transforming not only processes and structures, but also fundamental paradigms of trust and knowledge. The financial industry faces numerous challenges in combating fraud and embezzlement, due to the complexity and scale of its operations. Therefore, the infrastructure provided by the blockchain system helps reduce costs related to intermediaries, enhances security, and improves trust between stakeholders, thanks to the principle of decentralization and the immutability of its ledger. Furthermore, this technological revolution offers financial actors the ability to create new services and solutions in order to meet the needs of several business activities, especially those with complex supply chains. A perfect use of it, will certainly develop the standards of this industry and stimulate innovative economic growth. Although the blockchain offers substantial opportunities for the financial sector, its potential can only be fully achieved with adequate regulatory support, as a way to steer the system toward a more digital and inclusive economy. After a presentation of blockchain technology and its mode of operation, we will be focusing on its potential in finance and how it might provide creative accounting and financial management solutions.</abstract><cop>Les Ulis</cop><pub>EDP Sciences</pub><doi>10.1051/itmconf/20246901001</doi><oa>free_for_read</oa></addata></record> |
fulltext | fulltext |
identifier | ISSN: 2271-2097 |
ispartof | ITM web of conferences, 2024, Vol.69, p.1001 |
issn | 2271-2097 2431-7578 2271-2097 |
language | eng |
recordid | cdi_proquest_journals_3147147725 |
source | DOAJ Directory of Open Access Journals; EDP Open; EZB-FREE-00999 freely available EZB journals |
subjects | Blockchain Business process management Complexity Economic development Finance Financial management Financial services Industrial development Security Supply chains |
title | Blockchain’s Impact on Morocco’s Financial Sector: Opportunities and Challenges |
url | https://sfx.bib-bvb.de/sfx_tum?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2025-01-26T17%3A31%3A31IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-proquest_doaj_&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=Blockchain%E2%80%99s%20Impact%20on%20Morocco%E2%80%99s%20Financial%20Sector:%20Opportunities%20and%20Challenges&rft.jtitle=ITM%20web%20of%20conferences&rft.au=Asly,%20Ishaq&rft.date=2024&rft.volume=69&rft.spage=1001&rft.pages=1001-&rft.issn=2271-2097&rft.eissn=2271-2097&rft_id=info:doi/10.1051/itmconf/20246901001&rft_dat=%3Cproquest_doaj_%3E3147147725%3C/proquest_doaj_%3E%3Curl%3E%3C/url%3E&disable_directlink=true&sfx.directlink=off&sfx.report_link=0&rft_id=info:oai/&rft_pqid=3147147725&rft_id=info:pmid/&rft_doaj_id=oai_doaj_org_article_f5dff8d5fbf2447caf49809928f62bb0&rfr_iscdi=true |