BLOCKCHAIN FUTURES IN CRYPTOCURRENCIES, TRADE AND FINANCE: A PRELIMINARY ASSESSMENT

Ahmet Aysan, Behar Sadriu () and Humeyra Topuz ()
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Behar Sadriu: SOAS University of London
Humeyra Topuz: Universidad Carlos III de Madrid

Bulletin of Monetary Economics and Banking, 2020, vol. 23, issue 4, 525-542

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.

Keywords: China; Venezuela; Blockchain; Disruptive technologies; Bitcoin; Central banking (search for similar items in EconPapers)
JEL-codes: C30 E58 G28 O35 (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:idn:journl:v:23:y:2020:i:4d:p:525-542

DOI: 10.21098/bemp.v23i4.1240

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