Transforming Credit Guarantee Schemes with Distributed Ledger Technology

Sabrina Leo; Andrea Delle Foglie; Luca Barbaro; Edoardo Marangone; Ida Claudia Panetta; Claudio Di Ciccio

doi:10.1007/978-3-031-67431-0_30

Transforming Credit Guarantee Schemes with Distributed Ledger Technology

Sabrina Leo, Andrea Delle Foglie^*, Luca Barbaro, Edoardo Marangone, Ida Claudia Panetta, Claudio Di Ciccio

^*Corresponding author for this work

University of Rome La Sapienza

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Academic › peer-review

Abstract

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.

Original language	English
Title of host publication	Navigating the Technological Tide
Subtitle of host publication	The Evolution and Challenges of Business Model Innovation - Proceedings of the International Conference on Business and Technology ICBT2024
Editors	Bahaaeddin Alareeni, Allam Hamdan
Publisher	Springer
Pages	314-324
Number of pages	11
ISBN (Electronic)	978-3-031-67431-0
ISBN (Print)	978-3-031-67430-3
DOIs	https://doi.org/10.1007/978-3-031-67431-0_30
Publication status	Published - 1 Aug 2024
Event	International Conference on Business and Technology, ICBT 2024 - Cambridge, United Kingdom Duration: 19 Apr 2024 → 20 Apr 2024

Publication series

Name	Lecture Notes in Networks and Systems
Volume	1083 LNNS
ISSN (Print)	2367-3370
ISSN (Electronic)	2367-3389

Conference

Conference	International Conference on Business and Technology, ICBT 2024
Country/Territory	United Kingdom
City	Cambridge
Period	19/04/24 → 20/04/24

Bibliographical note

Publisher Copyright:
© The Author(s), under exclusive license to Springer Nature Switzerland AG 2024.

Funding

This research work was funded by the Sapienza University of Rome under the grant RM1221816C0CC0C6 (Distributed Ledger and Credit Guarantee Schemes: how can this technology streamline SME financing?).

Funders	Funder number
Sapienza Università di Roma	RM1221816C0CC0C6

Keywords

Blockchain
Credit Guarantee Schemes
Distributed Ledger Technologies
SME Finance

Access to Document

10.1007/978-3-031-67431-0_30

978-3-031-67431-0_30Final published version, 1.35 MBLicence: Taverne

Cite this

Leo, S., Delle Foglie, A., Barbaro, L., Marangone, E., Panetta, I. C., & Di Ciccio, C. (2024). Transforming Credit Guarantee Schemes with Distributed Ledger Technology. In B. Alareeni, & A. Hamdan (Eds.), Navigating the Technological Tide: The Evolution and Challenges of Business Model Innovation - Proceedings of the International Conference on Business and Technology ICBT2024 (pp. 314-324). (Lecture Notes in Networks and Systems; Vol. 1083 LNNS). Springer. https://doi.org/10.1007/978-3-031-67431-0_30

Leo, Sabrina ; Delle Foglie, Andrea ; Barbaro, Luca et al. / Transforming Credit Guarantee Schemes with Distributed Ledger Technology. Navigating the Technological Tide: The Evolution and Challenges of Business Model Innovation - Proceedings of the International Conference on Business and Technology ICBT2024. editor / Bahaaeddin Alareeni ; Allam Hamdan. Springer, 2024. pp. 314-324 (Lecture Notes in Networks and Systems).

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title = "Transforming Credit Guarantee Schemes with Distributed Ledger Technology",

abstract = "Credit Guarantee Schemes (CGSs) are crucial in mitigating SMEs{\textquoteright} 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.",

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note = "Publisher Copyright: {\textcopyright} The Author(s), under exclusive license to Springer Nature Switzerland AG 2024.; International Conference on Business and Technology, ICBT 2024 ; Conference date: 19-04-2024 Through 20-04-2024",

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Leo, S, Delle Foglie, A, Barbaro, L, Marangone, E, Panetta, IC & Di Ciccio, C 2024, Transforming Credit Guarantee Schemes with Distributed Ledger Technology. in B Alareeni & A Hamdan (eds), Navigating the Technological Tide: The Evolution and Challenges of Business Model Innovation - Proceedings of the International Conference on Business and Technology ICBT2024. Lecture Notes in Networks and Systems, vol. 1083 LNNS, Springer, pp. 314-324, International Conference on Business and Technology, ICBT 2024, Cambridge, United Kingdom, 19/04/24. https://doi.org/10.1007/978-3-031-67431-0_30

Transforming Credit Guarantee Schemes with Distributed Ledger Technology. / Leo, Sabrina; Delle Foglie, Andrea; Barbaro, Luca et al.
Navigating the Technological Tide: The Evolution and Challenges of Business Model Innovation - Proceedings of the International Conference on Business and Technology ICBT2024. ed. / Bahaaeddin Alareeni; Allam Hamdan. Springer, 2024. p. 314-324 (Lecture Notes in Networks and Systems; Vol. 1083 LNNS).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Academic › peer-review

TY - GEN

T1 - Transforming Credit Guarantee Schemes with Distributed Ledger Technology

AU - Leo, Sabrina

AU - Delle Foglie, Andrea

AU - Barbaro, Luca

AU - Marangone, Edoardo

AU - Panetta, Ida Claudia

AU - Di Ciccio, Claudio

PY - 2024/8/1

Y1 - 2024/8/1

N2 - 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.

AB - 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.

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T3 - Lecture Notes in Networks and Systems

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BT - Navigating the Technological Tide

A2 - Alareeni, Bahaaeddin

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ER -

Leo S, Delle Foglie A, Barbaro L, Marangone E, Panetta IC, Di Ciccio C. Transforming Credit Guarantee Schemes with Distributed Ledger Technology. In Alareeni B, Hamdan A, editors, Navigating the Technological Tide: The Evolution and Challenges of Business Model Innovation - Proceedings of the International Conference on Business and Technology ICBT2024. Springer. 2024. p. 314-324. (Lecture Notes in Networks and Systems). doi: 10.1007/978-3-031-67431-0_30

Transforming Credit Guarantee Schemes with Distributed Ledger Technology

Abstract

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Bibliographical note

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Keywords

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