ADOPTION OF DIGITAL PAYMENT SYSTEMS AND BLOCKCHAIN TECHNOLOGIES IN COMMERCIAL BANKING

This article analyzes the possibilities of implementing blockchain technology in modern commercial banks to enhance the security of banking operations, increase transparency, and improve service efficiency. The advantages of blockchain technology in financial processes, including faster transactions, reduced reliance on intermediaries, and improved protection against fraud, are highlighted. The technical, legal, and personnel-related challenges associated with the implementation of modern technologies in commercial banks are also considered, and recommendations for addressing these challenges are presented. The modern banking system is developing as a complex and multifaceted structure within the global financial market. The banking sector continues to evolve, with increasing emphasis on enhancing transaction security, transparency, and operational efficiency. Blockchain technology is considered one of the promising digital solutions that may contribute to further improvements in these areas and support the development of banking processes.