title: Blockchain: The Revolutionary Potential and Impact of Blockchain Technology to businesses, finance and the world. The Essential Guide to understanding the New Economy.
author:  Richard Hayen 
description: Richard Hayen is a technology enthusiast, startup advisor, entrepreneur and a best-selling author. He's extremely passionate with the latest technology, new innovations, computer programming and the startup industry. Throughout his career as a software engineer, he has gained a lot of skills with building and innovating technology ranging from developing websites, softwares & mobile applications, programming micro-controllers & devices, cloud-computing, security and cryptography. When it comes to the tech industry, there isn't much Richard won't explore. Richard decided to write books to help people who are eager to learn about technology. This books simplify the struggle faced by many in understanding a specific tech subject. His vision is to shape and influence the understanding of technology for people around the world. This is his way of contributing to the industry.
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  © The Author(s), under exclusive license to Springer Nature Switzerland AG 2021
  P. Martino, Blockchain	and	Banking
  https://doi.org/10.1007/978-3-030-70970-9_3
  3.	Blockchain	Technology	and	the
  Banking	Industry
  Pierluigi Martino1  
  Department of Economics and Management, University of Pisa,
  Pisa, Italy
   
  Pierluigi	Martino
  Email:	pierluigi.martino@unipi.it
  Abstract
  Blockchain technology has been widely acknowledged as a disruptive
  force in the �inancial sector that is capable of undermining traditional
  business models and the technologies currently in use in many �inancial
  service transactions. This chapter focuses on blockchain technology’s
  potential implications for the banking industry. Building on the results
  of a previous study that I conducted through qualitative-based
  interviews with three professional bankers from different European
  banks tackling the challenges of blockchain, this chapter discusses the
  potential advantages and risks that blockchain technology poses to
  banks