Possible Future Applications of the Blockchain Technology

Ioan Radu (), Cleopatra Sendroiu (), Mihai Ludovic Demeter () and Florin Cazacu ()
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Ioan Radu: Bucharest University of Economic Studies
Cleopatra Sendroiu: Bucharest University of Economic Studies
Mihai Ludovic Demeter: Bucharest University of Economic Studies
Florin Cazacu: Bucharest University of Economic Studies

PROCEEDINGS OF THE INTERNATIONAL CONFERENCE ON ECONOMICS AND SOCIAL SCIENCES, 2018, vol. 1, issue 1, 245-251

Abstract: Starting from criptocurencies and inevitably going into one of the most distruptive tehnologies that will shape the way we exchange money, information and goods, the present article tries to explain how this new tehnological oportunitiies can come in response to businesses from all over the world by paving the way to a new fully digitalised economy in which smart contracts and the change of assets are managed trough a public ledger also known as a blockchain. The article aims at explaining what blockchain technology is and how it all started since 2009 with the arival of the bitcoin on the market and the other criptocurencies that are taking the world by storm. Also, it presents what is today considered as posible regarding aplications of blcokchain tehnology into business and by what extent, also considering posible future aplications.

Keywords: blockchain; bitcoin; criptocurency; business; digital economy; distruptive tehnology (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:rom:conase:v:1:y:2018:i:1:p:245-251

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