Economic Dimensions of Blockchain Technology: In the Context of Extention of Cryptocurrencies

1Valliappan Raju and Siew Poh Phung

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Abstract:

While the most conspicuous applications are spoken to by virtual monetary forms (particularly Bitcoin) and other money related innovation arrangements (FinTech), blockchain innovation is an amazing new apparatus that has critical problematic potential - both from financial and legitimate viewpoint. Private speculators, yet in addition administrative establishments concentrate on this complex conveyed record innovation which is viewed as a historic answer for long-standing issues in customary profoundly brought together frameworks having a place with people in general and private part. In any case, blockchain innovation faces some vital difficulties – principally with respect to adaptability, security, administrative vulnerabilities, plans of action and institutionalization.

Keywords:

Blockchain Technology, FinTech, Distributed Ledger Technology, Smart Contracts, Blockchain Regulation

Paper Details
Month2
Year2020
Volume24
IssueIssue 2
Pages29-39