Blockchain futures in cryptocurrencies, trade and finance: A preliminary assessment

Ahmet Faruk Aysan; Behar Sadriu; Humeyra Topuz

doi:10.21098/BEMP.V23I4.1240

Blockchain futures in cryptocurrencies, trade and finance: A preliminary assessment

Ahmet Faruk Aysan^*, Behar Sadriu, Humeyra Topuz

^*Corresponding author for this work

Islamic Studies – Administration

Research output: Contribution to journal › Article › peer-review

13 Citations (Scopus)

Abstract

The study explores whether blockchain technology can change the paradigm of the current financial structure and the balance of power in the international financial system. Accordingly, this study reviews the development of blockchain technology by analyzing China and Venezuela, both of which struggle to harness their technological advancement and to enhance their power in the international realm. We found that Venezuela invests in blockchain technology to create an alternative payment structure for survivability, while China's desire is to become a global leader in global blockchain technology.

Original language	English
Pages (from-to)	525-541
Number of pages	17
Journal	Bulletin of Monetary Economics and Banking
Volume	23
Issue number	4
DOIs	https://doi.org/10.21098/BEMP.V23I4.1240
Publication status	Published - 31 Dec 2020

Keywords

Bitcoin
Blockchain
Central banking
China
Disruptive technologies
Venezuela

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Blockchain futures in cryptocurrencies, trade and finance: A preliminary assessment

Abstract

Keywords

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