Risk assessment of Blockchain in Finance

The risks found during the interviews with experts validated the literature findings. Some of the risks found in literature, namely industry hostility, and contractual risk were mentioned in the literature but not by the experts. This revealed their lack of practical relevance. Reversibility was a risk that was mentioned in the literature but it was mentioned by an expert as an advantage due to the security added by it. Additionally, infrastructure risk was mentioned by the experts but not present in the literature. The importance of risks mentioned by the experts was given by the impact and their likelihood of occurrence. The risks were divided by risk level into the categories very high, high, medium, and low. Security risk was identified in the very high category. Fraudulent activities, regulation and law, reputation risk, and business model challenges were given a high-risk level. The medium risk level contained operational risk, scalability, and infrastructure risk. The low-risk level contained collaborative governance, crypto currency risks, interoperability, organizational readiness, security and privacy of data, private key/ wallet risks, and smart contract risks...Management of Technology (MoT