Cryptocurrency: Emergence and Enablement of Transparency in Financial Transactions

Atul Gupta

Chapter 13 in Socially Responsible Business Models for International Brands, 2026, pp 293-312 from World Scientific Publishing Co. Pte. Ltd.

Abstract: With the emergence of blockchain technology, digital currency came into existence. Cryptocurrency is one of the types of digital currency. They have brought a transformative change in the financial landscape. The money (fiat currency), though widely used and integral to the global economy, has many concerns. Since it has centralised control (providing stabilised economy), it is vulnerable and can be influenced by multiple factors like the stability of the government of a country, possibilities of counterfeiting, lack of traceability, inefficient and slow movement across the border for trade settlement, the escalating cost of money transfers and restricting financial inclusion of many unbanked population. Beyond this money is subjected to loss of value due to multiple reasons and can impact an individual or a business widely.Cryptocurrencies can help in addressing the shortfalls associated with fiat currency. The technology-enabled digital currency is essential for navigating the complexities of the global financial system. Although it requires a robust framework for adopting cryptocurrency in any system through the collaboration of government, regulatory bodies and technology providers.Many companies are engaged in socially responsible causes through blockchain. Cryptocurrencies provide financial services to unbanked and underbanked population. They help build socially responsible business models that address global challenges and promote sustainable development.

Keywords: University Social Responsibility; Happy To Chat; Badges; Community Building; Diversity; Inclusion; University; International Students Disinformation; SCR Brand; Socially Conscious Responsible Brand; Greenwashing; False Advertising Algorithmic Control; Gig-Workers; Socially Responsible; Self-Determination Theory; Social Exchange Theory; Motivation; Responsible Investing; Socially Responsible Investing (SRI); ESG; Business Model; Business Model Innovation; Economic Benefits; Liminal Spaces; CSR; Productivity; Employee Well-Being; Innovation; Corporate Social Responsibility (CSR); ESG Management; Business Ecosystem; Sustainability; Social Capital; Organisational Behaviour (OB); Leadership; Strategic Leadership; Internal Compliance; Employee Behaviours; Management In Practice; Socially Responsible Business; Emerging Markets; Marketing Strategies; Integrated Marketing Communication; Social Impact Measurement; Sustainable Goals; Linear Economy; Circular Economy; Social Compliance; Regulation; Garment; Bangladesh; Global Influence; Cryptocurrency; Blockchain; Bitcoin; Tokens; Socially Responsible Business; Smart Contracts (search for similar items in EconPapers)
JEL-codes: L21 M14 Q0 (search for similar items in EconPapers)
Date: 2026
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