Opportunities and effectiveness of using blockchain technology in commercial banks of Uzbekistan

Kuchkarov , Temurbek, Кучкаров , Темурбек, Qo‘chqarov , Temurbek

Илғор иқтисодиёт ва педагогик технологиялар · 2026-yil

Annotatsiya

In commercial banks, faster payments, rising operating costs, and tighter internal control requirements make blockchain a practical issue rather than a purely technical one. The purpose of this study was to empirically assess the opportunities for using blockchain technology in commercial banks of Uzbekistan and its effect on efficiency. Panel data covering 96 observations were analyzed with FE/RE models, an IV/GMM strategy, and robustness checks. Descriptive statistics showed that the blockchain adoption index had a mean of 0.51, SD of 0.17, and a range of 0.18–0.84; the transaction cost index recorded M=0.56, SD=0.19, and 0.22–0.91; the operational efficiency index reached M=0.63, SD=0.15, and 0.31–0.88; liquidity indicators stood at M=0.93, SD=0.09, and 0.74–1.12; CAR was M=0.15, SD=0.02, and 0.11–0.19. The estimated model produced R²=0.37, so a meaningful share of the variation was explained. In the panel estimates, the relationship between blockchain adoption and transaction costs was significant at p<0.10, while the relationship with operational efficiency was significant at p<0.05; the IV/GMM correction for endogeneity reinforced the findings with p<0.001 and p=0.004. The evidence indicates that phased blockchain deployment can ease cost pressure in internal clearing, customer identification, and settlement procedures; the scientific contribution is a quantified banking-panel link between technology adoption and efficiency.

Maqola ma’lumotlari
MualliflarKuchkarov , Temurbek, Кучкаров , Темурбек, Qo‘chqarov , Temurbek
JurnalИлғор иқтисодиёт ва педагогик технологиялар
NashriyotТошкент давлат иқтисодиёт университети ҳузуридаги «Ўзбекистон иқтисодиётини ривожлантиришнинг илмий асослари ва муаммолари» илмий-тадқиқот маркази
ISSN1994-2025
Nashr sanasi2026-10-08
Jild3
Son5
Betlar207-214
TilIngliz
Ilmiy sohaIqtisodiyot
DOI10.60078/3060-4842-2026-vol3-iss5-pp207-214
Indeksga qo‘shilgan2026-10-09

DOI: 10.60078/3060-4842-2026-vol3-iss5-pp207-214 · Maqolaning asl sahifasi

Kalit so‘zlar

interbank settlements, blockchain adoption, endogeneity correction, iv/gmm approach, operational efficiency, panel data analysis, transaction costs, межбанковские расчёты, принятие блокчейна, устранение эндогенности, подход iv/gmm, операционная эффективность, анализ панельных данных, транзакционные издержки, banklararo hisob-kitoblar, blokcheyn qabul qilinishi, endogenlikni bartaraf etish, iv/gmm yondashuvi, operatsion samaradorlik, panel maʼlumotlar tahlili, tranzaksiya xarajatlari

Ilmiy soha

Iqtisodiyot

Iqtibos keltirish

APAKuchkarov , Temurbek, Кучкаров , Темурбек, & Qo‘chqarov , Temurbek (2026). OPPORTUNITIES AND EFFECTIVENESS OF USING BLOCKCHAIN TECHNOLOGY IN COMMERCIAL BANKS OF UZBEKISTAN. Илғор иқтисодиёт ва педагогик технологиялар, 3(5), 207-214. https://doi.org/10.60078/3060-4842-2026-vol3-iss5-pp207-214
GOST (OAK)Kuchkarov , Temurbek, Кучкаров , Темурбек, Qo‘chqarov , Temurbek OPPORTUNITIES AND EFFECTIVENESS OF USING BLOCKCHAIN TECHNOLOGY IN COMMERCIAL BANKS OF UZBEKISTAN // Илғор иқтисодиёт ва педагогик технологиялар. – 2026. – T. 3, № 5. – P. 207-214. – DOI: 10.60078/3060-4842-2026-vol3-iss5-pp207-214.
MLAKuchkarov , Temurbek, Кучкаров , Темурбек, and Qo‘chqarov , Temurbek. “OPPORTUNITIES AND EFFECTIVENESS OF USING BLOCKCHAIN TECHNOLOGY IN COMMERCIAL BANKS OF UZBEKISTAN.” Илғор иқтисодиёт ва педагогик технологиялар, 3(5), 207-214, 2026. https://doi.org/10.60078/3060-4842-2026-vol3-iss5-pp207-214
ChicagoKuchkarov , Temurbek, Кучкаров , Темурбек, and Qo‘chqarov , Temurbek. “OPPORTUNITIES AND EFFECTIVENESS OF USING BLOCKCHAIN TECHNOLOGY IN COMMERCIAL BANKS OF UZBEKISTAN.” Илғор иқтисодиёт ва педагогик технологиялар, 3(5), 207-214 (2026). https://doi.org/10.60078/3060-4842-2026-vol3-iss5-pp207-214
HarvardKuchkarov , Temurbek, Кучкаров , Темурбек, and Qo‘chqarov , Temurbek (2026) ‘OPPORTUNITIES AND EFFECTIVENESS OF USING BLOCKCHAIN TECHNOLOGY IN COMMERCIAL BANKS OF UZBEKISTAN’, Илғор иқтисодиёт ва педагогик технологиялар, 3(5), 207-214. https://doi.org/10.60078/3060-4842-2026-vol3-iss5-pp207-214
BibTeX
@article{kuchkarovtemurbek2026,
  title = {OPPORTUNITIES AND EFFECTIVENESS OF USING BLOCKCHAIN TECHNOLOGY IN COMMERCIAL BANKS OF UZBEKISTAN},
  author = {Kuchkarov , Temurbek and Кучкаров , Темурбек and Qo‘chqarov , Temurbek},
  journal = {Илғор иқтисодиёт ва педагогик технологиялар},
  year = {2026},
  volume = {3},
  number = {5},
  pages = {207-214},
  doi = {10.60078/3060-4842-2026-vol3-iss5-pp207-214},
  url = {https://doi.org/10.60078/3060-4842-2026-vol3-iss5-pp207-214}
}

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