Examining the Challenges and Benefits of Using Digital Checks and Digital Promissory Notes in Iran's Financial System: Opportunities and Threats

Danial Karimzadeh

doi:10.63053/ijmea.34

Authors

Danial Karimzadeh MA in Information Technology Management, Department of Information Technology Management, Faculty of Management, Islamic Azad University E-Campus, Tehran, Iran PhD Student in Computer Engineering - Artificial Intelligence and Robotics, Department of Computer Engineering, Faculty of Engineering, Islamic Azad University of Central Tehran Branch, Tehran, Iran

DOI:

https://doi.org/10.63053/ijmea.34

Keywords:

Digital Technology, Digital Checks, Digital Promissory Notes, Digital Documents, Digital Signature, Cybersecurity, Financial Systems, Paperless Economy, Digital Banking, Internet Banking, Electronic Commerce

Abstract

As digital technologies continue to advance, the use of digital checks and digital promissory notes as modern financial instruments is expanding. These digital documents, particularly in banking and financial systems, can streamline transactions, reduce costs, and enhance security. However, challenges such as legal issues, technical problems, and security concerns may hinder the widespread adoption of these documents in countries like Iran. This research analyzes and examines the concept and application of digital checks and digital promissory notes in financial and economic contexts. Given the technological advancements and the need for innovative solutions in the banking and financial industry, the use of digital documents like digital checks and digital promissory notes is increasing in many countries. This study investigates the advantages and challenges of using these documents in Iran and their compliance with existing laws and regulations. In this context, the current situation in Iran is assessed, and the experiences of other countries are compared to analyze the impact of these documents on financial and legal processes. The primary goal of this research is to identify the opportunities and threats associated with the use of these digital documents and to propose solutions to overcome challenges and facilitate their adoption in Iran's financial system

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