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IJSTR >> Volume 9 - Issue 8, August 2020 Edition



International Journal of Scientific & Technology Research  
International Journal of Scientific & Technology Research

Website: http://www.ijstr.org

ISSN 2277-8616



Blockchain Technology For Cyber Security: Performance Implications On Emerging Markets Multinational Corporations, Overview Of Nigerian Internationalized Banks.

[Full Text]

 

AUTHOR(S)

Chikelue .C. Nwabuike ,Vincent.A. Onodugo , Austine Arachie, Ugonna .C.Nkwunonwo,

 

KEYWORDS

Blockchain Technology, Cybersecurity, Cybercrime, Performance, Emerging Market Multinational Companies, Internationalized Banks, New Growth Theory.

 

ABSTRACT

Blockchain is an overwhelming technology with potentials to change business status quo, especially in emerging markets multinational corporations. This study sought to explore the adoption of Blockchain technology for cyber security of Emerging markets multinational corporations (EMNCs), with an overview of Nigerian internationalized banks. Secondary data from Internet crime complaint centre, Proshare, and Africa cybersecurity report were studied and discussed. Inferences were made from the data obtained and the study concluded that Blockchain technology will make cyber crimes costly to perpetrators and thus discourage cyber criminals from their ventures. This study becomes instrumental for emerging markets multinational corporations (EMNCs) by suggesting solutions to cybercrime challenges. The implication of the study is that performance will improve for Nigerian banks should they adopt Blockchain technology for cyber security, this will drive growth through minimization of cyber crime losses and reposition the banks to be strategically competitive with Developed banks in the industry, this further upholds the New growth theory.

 

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