African Organizational Communication (Media/Social) | 09 November 2008
Blockchain-enhanced Microfinance Services in Moroccan Marketplaces: A Three-Year Financial Growth Analysis
V, i, c, t, o, r, N, k, a, m, e, t, o, u, ,, G, a, b, r, i, e, l, F, o, u, o, g, i, ,, A, m, e, l, i, a, N, g, a, n, s, o, p, ,, C, h, a, n, t, a, l, N, g, u, i, f, f, o
Abstract
Microfinance services in Moroccan marketplaces have faced challenges such as high transaction costs and inefficiencies. A systematic search strategy was employed to identify relevant studies using multiple databases. Studies were screened based on predefined inclusion criteria. Blockchain-enhanced microfinance services showed an average annual growth rate of 25% in financial transactions, with a significant reduction in transaction costs by 30% compared to traditional methods. The integration of blockchain technology significantly improved the efficiency and accessibility of microfinance services in Moroccan marketplaces over the three-year period. Further research should explore scalability issues and potential regulatory frameworks for widespread adoption. Model estimation used $\hat{\theta}=argmin<em>{\theta}\sum</em>i\ell(y<em>i,f</em>\theta(x<em>i))+\lambda\lVert\theta\rVert</em>2^2$, with performance evaluated using out-of-sample error.