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, SabrinaWriting – Original Draft Preparation
;Delle Foglie, Andrea
Writing – Original Draft Preparation
;Barbaro, LucaWriting – Original Draft Preparation
;Marangone, EdoardoWriting – Original Draft Preparation
;Panetta, Ida ClaudiaWriting – 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.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.