Author(s): Ahmad Ibrahiem El-Kateeb, Ahmad Ali Ahmad Al-Mohtaseb, Fuad Kreishan
Digital revolution has changed the ways activities were being performed in all aspects of life and same is the case with financial services across the globe. Current study aims at exploring the impact of digital revolution in financial sector on the financial stability of these financial services providers in Jordan, mainly focusing on the impact of block chains.For this purpose, Jordanian banks and other financial service providing companies listed on Amman stock exchange are investigated. As z-score is the best indicator of the financial stability of such firms, so the impact of block chains is investigated on the financial stability of Jordanian banks and other financial sector firms through evaluating the changes in z-score before and after the adoption of such technological advancement i.e. block chains. The study incorporates the data from 2011 to 2019 and indicates that till now such digital transformation i.e. adoption of block chain technology has no significant positive contribution towards the financial stability of financial sector in Jordan. Hence, Jordanian financial sector still requires effective implementation of such adoptions to harvest financial benefits.