Credit Guarantee Schemes (CGSs) are crucial in mitigating SMEs’ financial constraints. However, they are renownedly affected by critical shortcomings, such as a lack of financial sustainability and operational efficiency. Distributed Ledger Technologies (DLTs) have shown significant revolutionary influence in several sectors, including finance and banking, thanks to the full operational traceability they bring alongside verifiable computation. Nevertheless, the potential synergy between DLTs and CGSs has not been thoroughly investigated yet. This paper proposes a comprehensive framework to utilise DLTs, particularly blockchain technologies, in CGS processes to improve operational efficiency and effectiveness. To this end, we compare key architectural characteristics considering access level, governance structure, and consensus method, to examine their fit with CGS processes. We believe this study can guide policymakers and stakeholders, thereby stimulating further innovation in this promising field.

Transforming Credit Guarantee Schemes with Distributed Ledger Technology / Leo, Sabrina; Delle Foglie, Andrea; Barbaro, Luca; Marangone, Edoardo; Panetta, Ida Claudia; Di Ciccio, Claudio. - (2024), pp. 314-324. (Intervento presentato al convegno International Conference on Business and Technology - ICBT Cambridge 2024 tenutosi a Cambridge) [10.1007/978-3-031-67431-0_30].

Transforming Credit Guarantee Schemes with Distributed Ledger Technology

Leo, Sabrina
Writing – Original Draft Preparation
;
Delle Foglie, Andrea
Writing – Original Draft Preparation
;
Barbaro, Luca
Writing – Original Draft Preparation
;
Marangone, Edoardo
Writing – Original Draft Preparation
;
Panetta, Ida Claudia
Writing – Review & Editing
;
2024

Abstract

Credit Guarantee Schemes (CGSs) are crucial in mitigating SMEs’ financial constraints. However, they are renownedly affected by critical shortcomings, such as a lack of financial sustainability and operational efficiency. Distributed Ledger Technologies (DLTs) have shown significant revolutionary influence in several sectors, including finance and banking, thanks to the full operational traceability they bring alongside verifiable computation. Nevertheless, the potential synergy between DLTs and CGSs has not been thoroughly investigated yet. This paper proposes a comprehensive framework to utilise DLTs, particularly blockchain technologies, in CGS processes to improve operational efficiency and effectiveness. To this end, we compare key architectural characteristics considering access level, governance structure, and consensus method, to examine their fit with CGS processes. We believe this study can guide policymakers and stakeholders, thereby stimulating further innovation in this promising field.
2024
International Conference on Business and Technology - ICBT Cambridge 2024
Distributed Ledger Technologies; Blockchain; Credit Guarantee Schemes; SME Finance
04 Pubblicazione in atti di convegno::04b Atto di convegno in volume
Transforming Credit Guarantee Schemes with Distributed Ledger Technology / Leo, Sabrina; Delle Foglie, Andrea; Barbaro, Luca; Marangone, Edoardo; Panetta, Ida Claudia; Di Ciccio, Claudio. - (2024), pp. 314-324. (Intervento presentato al convegno International Conference on Business and Technology - ICBT Cambridge 2024 tenutosi a Cambridge) [10.1007/978-3-031-67431-0_30].
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11573/1716955
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