Do Digital Currency and Blockchain Security Affect Financial Wellbeing: An Empirical Investigation

Suyash Mishra () and Ravinder Kaur
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Suyash Mishra: Central University of Haryana, Retail and Logistics Management, Department of Vocational Studies and Skill Development
Ravinder Kaur: Central University of Haryana, Department of Commerce

Chapter Chapter 4 in Digital Currencies and the Green Economy, 2025, pp 65-83 from Springer

Abstract: Abstract The study intends to explore the significance of blockchain-powered digital currency in enhancing financial transparency in banking sector and influencing individual’s financial wellbeing in a positive manner, providing valuable insights for decision-making by financial institutions, and policymakers. This research elucidates the potential of blockchain technologyBlockchain technology and digital currency. The study examines the responses collected through convenience sampling from a sample of 215 individuals who had bank accounts. Structural Equation Modeling was applied to examine the relationship of blockchain security, digital currency, and information transparency with financial wellbeing perceived by individuals. The results present that individuals’ perception for financial wellbeing is well connected with blockchain security and use of digital currency as it enhances financial transparency in banking transactions, highlighting the significance of digital currency and blockchain security. The study presents practical implications for banking sector, and financial institutions, suggesting increase in information transparency for financial wellbeing through blockchain technology and digital currency.

Keywords: Blockchain security; Financial wellbeing; Goodness-of-fit index; a decentralized blockchain network; Traditional cash transactions (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-95-2282-8_4

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DOI: 10.1007/978-981-95-2282-8_4

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