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March 12, 2026Open Access

Blockchain Adoption Dynamics in Nigerian Banking: Security and Efficiency Revisited

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Authors

EOEkwunife ObioraUVUzomaka VictorCOChidera Ogbuwa

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Overview

Qualitative interviews explore blockchain's impact on transaction speed in Nigerian banking, suggesting improvements in efficiency and security.

Key Points

  • The research aims to investigate how blockchain technology affects security and efficiency in Nigerian banking.
  • Conducted semi-structured interviews with bank executives and IT professionals
  • Reviewed existing literature on blockchain implementation
  • Analyzed qualitative data from the interviews
  • 90% of interviewed banks reported improved transaction speed due to blockchain
  • Processing times reduced by up to 50% with blockchain adoption
  • Identified challenges include regulatory uncertainty and the need for staff training

Cite This Study

Obiora et al. (2011) studied this question.

synapsesocial.com/papers/69b25b2b96eeacc4fcec9951https://doi.org/10.5281/zenodo.18938287
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