Blockchain-enhanced Microfinance Services in Moroccan Marketplaces: A Three-Year Financial Growth Analysis

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 $\hat{\theta}=argmin_{\theta}\sum_i\ell(y_i,f_\theta(x_i))+\lambda\lVert\theta\rVert_2^2$, with performance evaluated using out-of-sample error.