Can blockchain technology reduce the cost of remittances?:
The achievement of the Sustainable Development Goals (SDGs) demands unprecedented resources and efforts. Remittances as one of the largest development finance flows are an important source of income for millions of households in developing countries and offer tremendous potential to contribute towar...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Weitere Verfasser: | , , |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2020
|
| Schriftenreihe: | OECD Development Co-operation Working Papers
no.73 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | The achievement of the Sustainable Development Goals (SDGs) demands unprecedented resources and efforts. Remittances as one of the largest development finance flows are an important source of income for millions of households in developing countries and offer tremendous potential to contribute towards the achievement of Agenda 2030. However, the high cost of sending remittances limits their full potential. The global average cost of sending USD 200 is 6.9% of the remittance. SDG 10 C aims to reduce the cost to less than 3% and to eliminate remittance corridors with cost higher than 5% by 2030. Blockchain technology promises to disintermediate banks, transform the financial landscape and drastically reduce the cost of cross-border transactions, yet there is a need for further evidence on this topic. The OECD Development Co-operation Directorate (DCD) has developed this paper to provide an overview of diverse perspectives on the intersection of blockchain technology and remittances by exploring the opportunities and challenges of this technology for reducing the cost of remittances. The paper identifies several limitations, such as data privacy risks, regulatory uncertainty and last-mile delivery, among others, while investigating whether blockchain technology is the solution to reduce the cost of remittances. |
| Beschreibung: | 1 Online-Ressource (36 p.) |
| DOI: | 10.1787/d4d6ac8f-en |
Internformat
MARC
| LEADER | 00000cam a22000002 4500 | ||
|---|---|---|---|
| 001 | ZDB-13-SOC-061322865 | ||
| 003 | DE-627-1 | ||
| 005 | 20231204121215.0 | ||
| 007 | cr uuu---uuuuu | ||
| 008 | 210204s2020 xx |||||o 00| ||eng c | ||
| 024 | 7 | |a 10.1787/d4d6ac8f-en |2 doi | |
| 035 | |a (DE-627-1)061322865 | ||
| 035 | |a (DE-599)KEP061322865 | ||
| 035 | |a (FR-PaOEC)d4d6ac8f-en | ||
| 035 | |a (EBP)061322865 | ||
| 040 | |a DE-627 |b ger |c DE-627 |e rda | ||
| 041 | |a eng | ||
| 084 | |a F24 |2 jelc | ||
| 084 | |a O19 |2 jelc | ||
| 084 | |a E58 |2 jelc | ||
| 100 | 1 | |a Rühmann, Friederike |e VerfasserIn |4 aut | |
| 245 | 1 | 0 | |a Can blockchain technology reduce the cost of remittances? |c Friederike, Rühmann ... [et al] |
| 264 | 1 | |a Paris |b OECD Publishing |c 2020 | |
| 300 | |a 1 Online-Ressource (36 p.) | ||
| 336 | |a Text |b txt |2 rdacontent | ||
| 337 | |a Computermedien |b c |2 rdamedia | ||
| 338 | |a Online-Ressource |b cr |2 rdacarrier | ||
| 490 | 0 | |a OECD Development Co-operation Working Papers |v no.73 | |
| 520 | |a The achievement of the Sustainable Development Goals (SDGs) demands unprecedented resources and efforts. Remittances as one of the largest development finance flows are an important source of income for millions of households in developing countries and offer tremendous potential to contribute towards the achievement of Agenda 2030. However, the high cost of sending remittances limits their full potential. The global average cost of sending USD 200 is 6.9% of the remittance. SDG 10 C aims to reduce the cost to less than 3% and to eliminate remittance corridors with cost higher than 5% by 2030. Blockchain technology promises to disintermediate banks, transform the financial landscape and drastically reduce the cost of cross-border transactions, yet there is a need for further evidence on this topic. The OECD Development Co-operation Directorate (DCD) has developed this paper to provide an overview of diverse perspectives on the intersection of blockchain technology and remittances by exploring the opportunities and challenges of this technology for reducing the cost of remittances. The paper identifies several limitations, such as data privacy risks, regulatory uncertainty and last-mile delivery, among others, while investigating whether blockchain technology is the solution to reduce the cost of remittances. | ||
| 650 | 4 | |a Development | |
| 700 | 1 | |a Konda, Sai Aashirvad |e MitwirkendeR |4 ctb | |
| 700 | 1 | |a Horrocks, Paul |e MitwirkendeR |4 ctb | |
| 700 | 1 | |a Taka, Nina |e MitwirkendeR |4 ctb | |
| 856 | 4 | 0 | |l FWS01 |p ZDB-13-SOC |q FWS_PDA_SOC |u https://doi.org/10.1787/d4d6ac8f-en |3 Volltext |
| 912 | |a ZDB-13-SOC | ||
| 912 | |a ZDB-13-SOC | ||
| 951 | |a BO | ||
| 912 | |a ZDB-13-SOC | ||
| 049 | |a DE-863 | ||
Datensatz im Suchindex
| DE-BY-FWS_katkey | ZDB-13-SOC-061322865 |
|---|---|
| _version_ | 1816797332385038336 |
| adam_text | |
| any_adam_object | |
| author | Rühmann, Friederike |
| author2 | Konda, Sai Aashirvad Horrocks, Paul Taka, Nina |
| author2_role | ctb ctb ctb |
| author2_variant | s a k sa sak p h ph n t nt |
| author_facet | Rühmann, Friederike Konda, Sai Aashirvad Horrocks, Paul Taka, Nina |
| author_role | aut |
| author_sort | Rühmann, Friederike |
| author_variant | f r fr |
| building | Verbundindex |
| bvnumber | localFWS |
| collection | ZDB-13-SOC |
| ctrlnum | (DE-627-1)061322865 (DE-599)KEP061322865 (FR-PaOEC)d4d6ac8f-en (EBP)061322865 |
| discipline | Wirtschaftswissenschaften |
| doi_str_mv | 10.1787/d4d6ac8f-en |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>02603cam a22004092 4500</leader><controlfield tag="001">ZDB-13-SOC-061322865</controlfield><controlfield tag="003">DE-627-1</controlfield><controlfield tag="005">20231204121215.0</controlfield><controlfield tag="007">cr uuu---uuuuu</controlfield><controlfield tag="008">210204s2020 xx |||||o 00| ||eng c</controlfield><datafield tag="024" ind1="7" ind2=" "><subfield code="a">10.1787/d4d6ac8f-en</subfield><subfield code="2">doi</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-627-1)061322865</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)KEP061322865</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(FR-PaOEC)d4d6ac8f-en</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(EBP)061322865</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-627</subfield><subfield code="b">ger</subfield><subfield code="c">DE-627</subfield><subfield code="e">rda</subfield></datafield><datafield tag="041" ind1=" " ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">F24</subfield><subfield code="2">jelc</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">O19</subfield><subfield code="2">jelc</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">E58</subfield><subfield code="2">jelc</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Rühmann, Friederike</subfield><subfield code="e">VerfasserIn</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Can blockchain technology reduce the cost of remittances?</subfield><subfield code="c">Friederike, Rühmann ... [et al]</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Paris</subfield><subfield code="b">OECD Publishing</subfield><subfield code="c">2020</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource (36 p.)</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="a">Text</subfield><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="a">Computermedien</subfield><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="a">Online-Ressource</subfield><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="0" ind2=" "><subfield code="a">OECD Development Co-operation Working Papers</subfield><subfield code="v">no.73</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">The achievement of the Sustainable Development Goals (SDGs) demands unprecedented resources and efforts. Remittances as one of the largest development finance flows are an important source of income for millions of households in developing countries and offer tremendous potential to contribute towards the achievement of Agenda 2030. However, the high cost of sending remittances limits their full potential. The global average cost of sending USD 200 is 6.9% of the remittance. SDG 10 C aims to reduce the cost to less than 3% and to eliminate remittance corridors with cost higher than 5% by 2030. Blockchain technology promises to disintermediate banks, transform the financial landscape and drastically reduce the cost of cross-border transactions, yet there is a need for further evidence on this topic. The OECD Development Co-operation Directorate (DCD) has developed this paper to provide an overview of diverse perspectives on the intersection of blockchain technology and remittances by exploring the opportunities and challenges of this technology for reducing the cost of remittances. The paper identifies several limitations, such as data privacy risks, regulatory uncertainty and last-mile delivery, among others, while investigating whether blockchain technology is the solution to reduce the cost of remittances.</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Development</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Konda, Sai Aashirvad</subfield><subfield code="e">MitwirkendeR</subfield><subfield code="4">ctb</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Horrocks, Paul</subfield><subfield code="e">MitwirkendeR</subfield><subfield code="4">ctb</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Taka, Nina</subfield><subfield code="e">MitwirkendeR</subfield><subfield code="4">ctb</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="l">FWS01</subfield><subfield code="p">ZDB-13-SOC</subfield><subfield code="q">FWS_PDA_SOC</subfield><subfield code="u">https://doi.org/10.1787/d4d6ac8f-en</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="951" ind1=" " ind2=" "><subfield code="a">BO</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-863</subfield></datafield></record></collection> |
| id | ZDB-13-SOC-061322865 |
| illustrated | Not Illustrated |
| indexdate | 2024-11-26T14:55:53Z |
| institution | BVB |
| language | English |
| open_access_boolean | |
| owner | DE-863 DE-BY-FWS |
| owner_facet | DE-863 DE-BY-FWS |
| physical | 1 Online-Ressource (36 p.) |
| psigel | ZDB-13-SOC |
| publishDate | 2020 |
| publishDateSearch | 2020 |
| publishDateSort | 2020 |
| publisher | OECD Publishing |
| record_format | marc |
| series2 | OECD Development Co-operation Working Papers |
| spelling | Rühmann, Friederike VerfasserIn aut Can blockchain technology reduce the cost of remittances? Friederike, Rühmann ... [et al] Paris OECD Publishing 2020 1 Online-Ressource (36 p.) Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Development Co-operation Working Papers no.73 The achievement of the Sustainable Development Goals (SDGs) demands unprecedented resources and efforts. Remittances as one of the largest development finance flows are an important source of income for millions of households in developing countries and offer tremendous potential to contribute towards the achievement of Agenda 2030. However, the high cost of sending remittances limits their full potential. The global average cost of sending USD 200 is 6.9% of the remittance. SDG 10 C aims to reduce the cost to less than 3% and to eliminate remittance corridors with cost higher than 5% by 2030. Blockchain technology promises to disintermediate banks, transform the financial landscape and drastically reduce the cost of cross-border transactions, yet there is a need for further evidence on this topic. The OECD Development Co-operation Directorate (DCD) has developed this paper to provide an overview of diverse perspectives on the intersection of blockchain technology and remittances by exploring the opportunities and challenges of this technology for reducing the cost of remittances. The paper identifies several limitations, such as data privacy risks, regulatory uncertainty and last-mile delivery, among others, while investigating whether blockchain technology is the solution to reduce the cost of remittances. Development Konda, Sai Aashirvad MitwirkendeR ctb Horrocks, Paul MitwirkendeR ctb Taka, Nina MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/d4d6ac8f-en Volltext |
| spellingShingle | Rühmann, Friederike Can blockchain technology reduce the cost of remittances? Development |
| title | Can blockchain technology reduce the cost of remittances? |
| title_auth | Can blockchain technology reduce the cost of remittances? |
| title_exact_search | Can blockchain technology reduce the cost of remittances? |
| title_full | Can blockchain technology reduce the cost of remittances? Friederike, Rühmann ... [et al] |
| title_fullStr | Can blockchain technology reduce the cost of remittances? Friederike, Rühmann ... [et al] |
| title_full_unstemmed | Can blockchain technology reduce the cost of remittances? Friederike, Rühmann ... [et al] |
| title_short | Can blockchain technology reduce the cost of remittances? |
| title_sort | can blockchain technology reduce the cost of remittances |
| topic | Development |
| topic_facet | Development |
| url | https://doi.org/10.1787/d4d6ac8f-en |
| work_keys_str_mv | AT ruhmannfriederike canblockchaintechnologyreducethecostofremittances AT kondasaiaashirvad canblockchaintechnologyreducethecostofremittances AT horrockspaul canblockchaintechnologyreducethecostofremittances AT takanina canblockchaintechnologyreducethecostofremittances |