{"id":118309,"date":"2023-11-08T07:33:34","date_gmt":"2023-11-08T06:33:34","guid":{"rendered":"https:\/\/ceadigilaw.org\/tecnologia-blockchain-ha-ganado-relevancia-en-el-ambito-bancario\/"},"modified":"2026-07-17T21:34:16","modified_gmt":"2026-07-17T19:34:16","slug":"tecnologia-blockchain-ha-ganado-relevancia-en-el-ambito-bancario","status":"publish","type":"post","link":"https:\/\/ceadigilaw.org\/en\/blog\/tecnologia-blockchain-ha-ganado-relevancia-en-el-ambito-bancario\/","title":{"rendered":"BLOCKCHAIN Technology Has Gained Prominence in BANKING"},"content":{"rendered":"<div>\n<div dir=\"auto\"><span style=\"color: #000000\"><strong><a style=\"color: #000000\" href=\"\/staff\/antonio-tejeda-encinas-2\/\" target=\"_blank\" rel=\"noopener\">Antonio Tejeda Encinas<\/a><\/strong>, President of the <strong><a style=\"color: #000000\" href=\"\/en\/\" target=\"_blank\" rel=\"noopener\">Euro-American Committee on Digital Law<\/a><\/strong><\/span><\/div>\n<div dir=\"auto\"><\/div>\n<\/div>\n<div>\n<div dir=\"auto\"><span style=\"color: #000000\"><br \/>\nThis is due to its agility and its ability to safeguard data integrity. In Spain, an alarming 21% of financial customers have experienced attempted hacking or identity theft aimed at gaining access to their accounts, highlighting the need to address the security challenges affecting traditional financial institutions, such as a lack of transparency and centralized data. By contrast, blockchain uses a decentralized structure in which transactions are recorded in linked blocks and distributed globally. Each block contains encrypted data and references the previous block, establishing an immutable chain of information. Some of the key benefits of implementing blockchain to combat banking fraud include:<\/span><\/div>\n<div dir=\"auto\"><\/div>\n<\/div>\n<div>\n<div dir=\"auto\"><span style=\"color: #000000\"><br \/>\n&#8211; Highly secure transactions: With blockchain, every transaction is recorded on an immutable and transparent chain of blocks, reducing the possibility of data manipulation or fraudulent activity.<\/span><\/div>\n<div dir=\"auto\"><\/div>\n<\/div>\n<div>\n<div dir=\"auto\"><span style=\"color: #000000\"><br \/>\n&#8211; Prevention of accounting errors: Companies can use blockchain to share financial information in real time, minimizing errors and confusion in records by providing access to the same up-to-date information and thereby improving accounting accuracy.<\/span><\/div>\n<div dir=\"auto\"><\/div>\n<\/div>\n<div>\n<div dir=\"auto\"><span style=\"color: #000000\"><br \/>\n&#8211; Detection of suspicious activity: Blockchain&#8217;s inherent transparency simplifies the monitoring and detection of unusual or fraudulent transactions, since the technology can automatically issue alerts about suspicious conduct.<\/span><\/div>\n<div dir=\"auto\"><\/div>\n<\/div>\n<div>\n<div dir=\"auto\"><span style=\"color: #000000\"><br \/>\n&#8211; Interinstitutional collaboration: Blockchain facilitates partnerships among different financial institutions and brands, creating a network of synergies that drives progress in the financial sector.<\/span><\/div>\n<div dir=\"auto\"><\/div>\n<\/div>\n<div>\n<div dir=\"auto\"><span style=\"color: #000000\"><br \/>\nIn conclusion, the adoption of blockchain technology represents a significant advance in protecting financial data and preventing banking fraud. Its ability to provide transparency, security and collaboration among financial institutions promises a safer and more efficient future for customers and institutions alike. As more banks recognize the benefits of this innovation, we are likely to see increased implementation of blockchain-based solutions to ensure data integrity and give financial-sector customers peace of mind.<\/span><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Antonio Tejeda Encinas, President of the Euro-American Committee on Digital Law This is due to its agility and its ability to safeguard data integrity. In Spain, an alarming 21% of financial customers have experienced attempted hacking or identity theft aimed at gaining access to their accounts, highlighting the need to address the security challenges affecting [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":111386,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"wds_primary_category":0,"wds_primary_cea_women":0,"footnotes":""},"categories":[1103],"tags":[],"cea_women":[],"class_list":["post-118309","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-crypto-assets"],"acf":[],"_links":{"self":[{"href":"https:\/\/ceadigilaw.org\/en\/wp-json\/wp\/v2\/posts\/118309","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ceadigilaw.org\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ceadigilaw.org\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ceadigilaw.org\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ceadigilaw.org\/en\/wp-json\/wp\/v2\/comments?post=118309"}],"version-history":[{"count":1,"href":"https:\/\/ceadigilaw.org\/en\/wp-json\/wp\/v2\/posts\/118309\/revisions"}],"predecessor-version":[{"id":119380,"href":"https:\/\/ceadigilaw.org\/en\/wp-json\/wp\/v2\/posts\/118309\/revisions\/119380"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ceadigilaw.org\/en\/wp-json\/wp\/v2\/media\/111386"}],"wp:attachment":[{"href":"https:\/\/ceadigilaw.org\/en\/wp-json\/wp\/v2\/media?parent=118309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ceadigilaw.org\/en\/wp-json\/wp\/v2\/categories?post=118309"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ceadigilaw.org\/en\/wp-json\/wp\/v2\/tags?post=118309"},{"taxonomy":"cea_women","embeddable":true,"href":"https:\/\/ceadigilaw.org\/en\/wp-json\/wp\/v2\/cea_women?post=118309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}