The revolutionary potential of blockchain technology in operational risk management, going beyond its
cryptocurrency roots, is the subject of this study. The goal was to evaluate blockchain technology's capacity to
increase openness, decrease fraud, and boost operational efficiency in several sectors. The methodology, which
included a thorough examination of existing literature as well as case studies tailored to specific industries,
demonstrated a strong correlation between the use of blockchain technology and improvements in data
transparency (χ² = 14.67, p < 0.05) as well as significant decreases in fraud, especially in the financial sector (a
55% decrease) and the logistics industry (40% decrease). Sectors with complex operational risks may benefit
from blockchain's decentralised ledger, according to the report, which promotes data accuracy and cost
effectiveness. Creating interoperability standards and increasing blockchain integration in non-financial areas
are two suggestions.