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Abstract
This research explores the influence of blockchain technology on fintech innovation inside selected organizations in Nigeria. Employing a mixed-methods research strategy, the study combines questionnaires and interviews to acquire extensive data from professionals in the fintech business internationally. The purposive sampling approach targets organizations actively participating in blockchain technology and fintech innovation, embracing varied areas such as banking, finance, and technology. Through the use of industry reports and structured surveys, the analysis focuses on operational variables such as the adoption of fintech innovation and blockchain technology, as well as the impact on efficiency. While qualitative data from interviews are subjected to thematic analysis, quantitative data are subjected to statistical tools for regression analysis, correlation analysis, and descriptive statistics. Ethical concerns are maintained throughout the study, guaranteeing informed consent, confidentiality, and safe data preservation. The Land Information System (LIS) is unfamiliar to a significant percentage of respondents (52.8%), according to key findings, underscoring the need for improved education and training. With 20.8% of users using LIS daily and 26.4% using it infrequently, the frequency of use varies, suggesting opportunities to further integrate LIS into regular practices. The survey also highlights the diverse occupational backgrounds of respondents, with significant representation from surveyors (18.9%) and government officials (9.4%). The study's findings disprove theories that blockchain has no applications or advantages and demonstrate the technology's widespread adoption and significant benefits in fintech companies. Obstacles including exorbitant implementation expenses and intricate regulations are noted, underscoring the necessity of well-defined regulatory structures and training initiatives tailored to the blockchain technology. Government policies, which support programs like tax breaks and public-private partnerships to promote innovation, have been demonstrated to have a major impact on the adoption of blockchain technology. The results highlight how blockchain may revolutionize Nigeria's fintech sector and call for deliberate steps to improve worker competency, technical innovation, and regulatory clarity. Prospective investigations ought to examine the influence of regulatory sandboxes on the adoption of blockchain technology and its function in augmenting financial inclusion in Sub- Saharan Africa.
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