BLOCKCHAIN FUTURES IN CRYPTOCURRENCIES, TRADE AND FINANCE: A PRELIMINARY ASSESSMENT
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.
Other Information
Published in: Buletin Ekonomi Moneter dan Perbankan
License: http://creativecommons.org/licenses/by-nc/4.0
See article on publisher's website: https://dx.doi.org/10.21098/bemp.v23i4.1240
History
Language
- English
Publisher
Bank Indonesia, Central Banking Research Department - Digital CommonsPublication Year
- 2020
License statement
This Item is licensed under the Creative Commons Attribution-NonCommercial 4.0 International License.Institution affiliated with
- Hamad Bin Khalifa University
- College of Islamic Studies - HBKU
