EFFECT OF DISTRIBUTED LEDGER TECHNOLOGY (DLT) ON PERFORMANCE OF DEPOSIT MONEY BANKS IN ENUGU STATE

The study evaluated the effect of Distributed Ledger Technology (DLT) on Performance of Deposit Money banks in Enugu State. The specific objectives are to: examine the effect of Smart Contracts and output; and ascertain the effect of Distributed Network and Amount of customer deposits of Deposit Money banks in Enugu State. The study was based on the three (3) selected banks within Enugu metropolis with high number of staff and long years of establishment namely: First bank Plc, United bank of Africa and Ecobank. The total population for the study was three hundred and twenty (320). The study made use of the whole due to small number. A survey design was adopted for the study. Two hundred and Sixty (260) copies of questionnaire were properly completed and returned. Data was presented and analyzed by mean score and Z – test was used to test the hypotheses with Statistical Software (SPSS). The findings indicated that Smart Contracts had significant positive effect on output Z (9.551, P. <. 05) and Distributed Network had significant positive effect on Amount of customer deposits of Deposit Money banks in Enugu State, Z (11.535 , P. <. 05). The study concluded that Smart Contracts and Distributed Network had significant positive effect on output and Amount of customer deposits of Deposit Money banks in Enugu State. The recommended among others that Banks should start with pilot programs focusing on specific areas like digital onboarding, loan disbursement, or cross-border payments to assess the viability and scalability of smart contracts before full-scale implementation