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WMS research seminar: Can blockchain be an enabler for implementing the UNEP-FI-sponsored Principles of Responsible Banking?

Date Wednesday 29 September 2021
Time 9am - 10am
Where https://waikato.zoom.us/j/87867338099
Presenter Professor Paul Griffiths (EU Normandie Business School, Europe)
Contact Amanda Wilson
Contact email amanda.wilson@waikato.ac.nz
Admission Cost Free

Being responsible is a trending topic for all businesses including the banking sector.

Recently, the United Nations promoted the Principles for Responsible Banking (PRB) which pursue six internal and external objectives.

This presentation by Professor of Banking, Finance and Fintech Paul Griffiths (EM Normandie Business School) will provide an overview of the PRB and investigate how blockchain could contribute to achieving their implementation.

The data analysis identifies a series of nine key concepts that cut across the six PRB.

Main findings shed light on the importance of transparency, trust and the involvement of all stakeholders for the implementation of Blockchain solutions within banks.

However, some barriers have been raised, such as the energy consumption of blockchain, the misunderstanding and need for education on this disruptive technology, and the quality of data.

Finally, theoretical and managerial implications such as the funding of SMEs are presented.

Prior to becoming an academic, Professor Griffiths worked in 16 different countries and spent many years in leadership positions at global management consulting firms, serving boards of blue-chip companies, particularly in the financial services sector.

He spent close to a year designing and implementing global strategy-technology alignment for one of New Zealand’s largest corporations.

No RSVP required, just join the Zoom link on the day.

No RSVP required, just join the Zoom link on the day.

Start time: (Time zone: )