Blockchain and Banking Business Models

Abstract

This chapter explores the potential impact that blockchain's DLT can have on traditional banking business models. Building on the Business Model Canvas framework developed by Osterwalder and Pigneur (Business model generation: A handbook for visionaries, game changers, and challengers. John Wiley & Sons, 2010), this chapter outlines how blockchain technology can affect all elements of a bank's business model and lead to new business models in banking. Moreover, the chapter provides an overview of the current status of banks' adoption of the technology and highlights their approach to handling the challenges of blockchain.