Cryptography and Its Role in Blockchain

Jing Feng Lau

Chapter 3 in Financial Management in the Digital Economy, 2021, pp 45-64 from World Scientific Publishing Co. Pte. Ltd.

Abstract: A blockchain is a digital ledger in which transactions are recorded chronologically and publicly. It was not until 2008 that the idea of blockchains was fully developed — someone using the fictitious name Satoshi Nakamoto published a paper titled “Bitcoin: A Peer-to-Peer Electronic Cash System.” This paper built on previous work of Hal Finney’s reusable Proof-of-Work system. Blockchains have since been applied as digital currencies and as solutions to other problems…

Keywords: Digital Assets; Blockchain; Blockchain Applications; Financial Technology; Digital Payment; Cryptocurrency; Financial Inclusion; Financial Management; Digital Economy; Digital Transformation; Robo Advisory; Digital Branding; Financial Services (search for similar items in EconPapers)
JEL-codes: G2 O33 (search for similar items in EconPapers)
Date: 2021
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