Exploring the Speed and Cost Implications of Blockchain/DLT for Cross-border Payments: A Comparative Analysis

Pant, Yogesh Kedar Datt (2023) Exploring the Speed and Cost Implications of Blockchain/DLT for Cross-border Payments: A Comparative Analysis. Masters thesis, Dublin, National College of Ireland.

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Abstract

In an era characterized by global economic interconnectedness, the efficiency of cross-border payments (CBP) hinges on the speed and cost dynamics. This investigation delves into the intricate landscape of blockchain and Distributed Ledger Technology (DLT), probing their influence on CBP efficiency. Through a comparative analysis, this research explores the potential of blockchain/DLT to revolutionize CBP.

Guided by the research question, 'What are the speed and cost implications of Blockchain/DLT for CBP?', this inquiry navigates the multifaceted realm of CBP. Employing a comprehensive synthetic dataset meticulously crafted using Python's PyCharm and the Faker library, the dataset mirrors CBP intricacies, incorporating transaction details, currency pairs, payment purposes, and geographical regions.

Methodologically robust, the study employs statistical analyses and visualization techniques to extract insightful findings from the synthetic dataset. Correlation analyses unveil intricate relationships among various factors, shedding light on the underlying complexities of CBP speed and cost. The investigation transcends traditional boundaries by assessing the interplay of transaction amount, gas limit, block size, and currency conversion rates in shaping CBP outcomes.

The comparative analysis yields critical insights into the potential of blockchain/DLT to enhance CBP. By evaluating average costs and speeds across currency pairs and origin countries, the research comprehensively illustrates how blockchain/DLT influences CBP efficiency. Additionally, a heatmap visualization elucidates correlations among key variables, unraveling intricate interdependencies that impact CBP performance.

Ultimately, this research contributes to our understanding of how blockchain/DLT technologies can reshape the cross-border payments landscape. By uncovering patterns and relationships governing speed and cost outcomes, the study provides valuable insights for decision-makers in financial technology and international transactions.

Item Type:	Thesis (Masters)
Supervisors:	Name Email Del Rosal, Victor UNSPECIFIED
Uncontrolled Keywords:	Cross-border Payments; Blockchain; DLT (Distributed Ledger Technology); Efficiency; Improvements; Speed Implications; Cost Implications; Challenges; Solutions; Financial Technology; FinTech
Subjects:	Q Science > QA Mathematics > Computer software > Computer Security > Database security > Blockchains (Databases) T Technology > T Technology (General) > Information Technology > Computer software > Computer Security > Database security > Blockchains (Databases) Z Bibliography. Library Science. Information Resources > ZA Information resources > ZA4050 Electronic information resources > Databases > Distributed databases > Blockchains (Databases) H Social Sciences > HG Finance > Fintech T Technology > T Technology (General) > Information Technology > Fintech H Social Sciences > HG Finance > International Finance. International Monetary System
Divisions:	School of Computing > Master of Science in FinTech
Depositing User:	Tamara Malone
Date Deposited:	09 Aug 2024 12:18
Last Modified:	09 Aug 2024 12:18
URI:	https://norma.ncirl.ie/id/eprint/7027

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