Block chain Technology:Concept of Digital Economics

Ovais Ahmed

MPRA Paper from University Library of Munich, Germany

Abstract: The purpose of the study is to explain about blockchain technology and how to use of blockchain technology for modern economics practices. We focused on this paper to put the light on blockchain usage in some other areas of economy such as, governance and political decision making, public finance, financial institution & stock market trading, global trading and other economic activities. The literature showed that blockchain is rapidly growing at globally and increasing digital money for transactions through peer to peer network. The opinion is given in this research to implement blockchain technology on behind the every single sector of economy to prevent from corruption, fraudulent/ fake funding on infrastructure and human capital.

Keywords: Blockchain Technology; Digital Economics; Cryptocurrency (search for similar items in EconPapers)
JEL-codes: M0 O33 Y2 Y8 (search for similar items in EconPapers)
Date: 2017-08-24
New Economics Papers: this item is included in nep-ict and nep-pay
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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