The Block Chain Technology – A Catalyst of the Fintech Revolution

Narciz Balasoiu ()
Additional contact information
Narciz Balasoiu: Academy of Economic Studies – Faculty of International Business, Bucharest, Romania

RAIS Conference Proceedings 2021 from Research Association for Interdisciplinary Studies

Abstract: The block chain is seen as a new generation of the Internet, even called by some experts the New Internet. It can also be considered as an Internet of Transactions. These definitions tend to associate the block chain with the concept of the Internet of the People who use it daily and which are in turn extended to the Internet of Things (IoT) or to Internet of Value. This type of technology has multiple uses in financial and banking sector, but one of the most notorious applications associated with block chain remain the so-called cryptocurrencies. This field has grown rapidly in recent years, and the key to success and growing popularity are the seven principles: Decentralization, transparency, and security through security, stability and constancy over time, consensus, and responsibility.

Keywords: Block chain; finance; cryptocurrencies; bitcoin; Fintech (search for similar items in EconPapers)
Pages: 6 pages
Date: 2021-06
New Economics Papers: this item is included in nep-cwa and nep-pay
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published in Proceedings of the 22nd International RAIS Conference on Social Sciences and Humanities, June 20-21, 2021, pages 83-88

Downloads: (external link)
http://rais.education/wp-content/uploads/2021/07/0060.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:smo:lpaper:0060

Access Statistics for this paper

More papers in RAIS Conference Proceedings 2021 from Research Association for Interdisciplinary Studies
Bibliographic data for series maintained by Eduard David ().