What type of study is this?

This is a Observational study (also classified as: Secondary Research, Cost-Benefit Analysis).

Blockchain Technology in Financial Markets: Disrupting Traditional Banking Systems

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Empirical analysis reveals blockchain can enhance cross border payments and smart contracts, suggesting improvements over traditional banking.

Blockchain can improve efficiency in traditional banking systems, promoting real-time transactions and transparency.
The study identifies benefits like decentralization and lower operational costs; however, challenges like legal ambiguity persist.
Employing Distributed Ledger Analysis and Cost-Benefit Analysis, this research assesses blockchain's potential compared to conventional systems.
Findings highlight the need for further exploration of blockchain's impact across various economies beyond advanced ones.

Kaur et al. (2025) studied this question.

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Empirical analysis reveals blockchain can enhance cross border payments and smart contracts, suggesting improvements over traditional banking.