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Blockchain is one of the most disruptive innovations in the field of technology in 21st century. Blockchain, a … three key properties of Blockchain technology, Decentralization, Transparency and Immutability have created a huge impact on … the banking and finance industries. As technology is the main driving force in Blockchain and its various applications, it …
Persistent link: https://www.econbiz.de/10013216035
This paper proposes the introduction of a Sovereign Backed Cryptocurrency for Asia called CoinAsia. CoinAsia will be an Asian reserve currency. I analyse the impact of CoinAsia on Asian economies in a scenario where Sovereign Backed cryptocurrencies will be the mainstream bills of exchange....
Persistent link: https://www.econbiz.de/10012966867
Bitcoin is the oldest and most widely established cryptocurrency network with the highest market capitalization among all cryptocurrencies. Although bitcoin (with lowercase b) is increasingly viewed as a digital asset belonging to a new asset class, the Bitcoin network (with uppercase B) is a...
Persistent link: https://www.econbiz.de/10012839431
The standard economic approach to considering the effects of a policy tends to neglect the prospect of regulatory ambiguity. I describe four sources of regulatory ambiguity and survey the literature considering the effects of ambiguity on entrepreneurial activity. I also explain how...
Persistent link: https://www.econbiz.de/10012890633
is hardly possible to regulate a distributed network in a centralized fashion as decentralized permissionless blockchain …
Persistent link: https://www.econbiz.de/10012849751
introduction of the blockchain concept by the founder of Bitcoin in 2008. An important element of these public ledger platforms is …
Persistent link: https://www.econbiz.de/10013055525
Digital currencies store balances in anonymous electronic addresses. We analyze the tradeoffs between the safety and convenience of aggregating balances in addresses, electronic wallets and banks. In our model, agents balance the risk of theft of a large account with the cost to safeguarding a...
Persistent link: https://www.econbiz.de/10012421984
This paper examines the experience of Sweden with government notes and private bank notes to determine how well the Swedish experience corresponds to that of Canada and the United States. Sweden is important to study because it has had government notes in circulation for more than 350 years, and...
Persistent link: https://www.econbiz.de/10011864604
The Bitcoin Market Potential Index conceptualizes and ranks the potential utility of bitcoin across 178 countries to show where the cryptocurrency has the greatest relative potential for adoption. The index utilizes a data set with 40 variables from the following areas: technology penetration,...
Persistent link: https://www.econbiz.de/10012996346
This paper examines the functioning of virtual currencies as payment systems through crypto-currency exchanges and the likely impact their integration with traditional payment systems may have on the interdependent global payment systems. Being a potential global transformational phenomenon,...
Persistent link: https://www.econbiz.de/10013231250