Transforming Credit Guarantee Schemes with Distributed Ledger Technology
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arXiv
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| Format: | Preprint |
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2024
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| author | Leo, Sabrina Foglie, Andrea Delle Barbaro, Luca Marangone, Edoardo Panetta, Ida Claudia Di Ciccio, Claudio |
| author_facet | Leo, Sabrina Foglie, Andrea Delle Barbaro, Luca Marangone, Edoardo Panetta, Ida Claudia Di Ciccio, Claudio |
| contents | 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. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2404_19555 |
| institution | arXiv |
| publishDate | 2024 |
| record_format | arxiv |
| spellingShingle | Transforming Credit Guarantee Schemes with Distributed Ledger Technology Leo, Sabrina Foglie, Andrea Delle Barbaro, Luca Marangone, Edoardo Panetta, Ida Claudia Di Ciccio, Claudio Computational Engineering, Finance, and Science General Economics Economics 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. |
| title | Transforming Credit Guarantee Schemes with Distributed Ledger Technology |
| topic | Computational Engineering, Finance, and Science General Economics Economics |
| url | https://arxiv.org/abs/2404.19555 |