Implementation strategies for blockchain technology in cross-border payment settlement systems between banks

Posted: Oct 28, 2025

• Dr. Prof. Abigail Kumar
• Dr. Prof. A va W ei
• Dr. Prof. Elijah Clark

Abstract

This research presents a comprehensive framework for implementing blockchain technology in cross-border payment settlement systems between banking institutions, addressing the critical gap between theoretical blockchain potential and practical implementation challenges. Traditional cross-border payments suffer from significant inefficiencies including extended settlement times averaging 2-5 days, high transaction costs ranging from 3-10