BLOCKCHAIN FUTURES IN CRYPTOCURRENCIES, TRADE AND FINANCE: A PRELIMINARY ASSESSMENT

  • Ahmet Faruk Aysan Istanbul Sehir University
  • Behar Sadriu
  • Humeyra Topuz
Keywords: China, Venezuela, Blockchain, Disruptive technologies, Bitcoin, Central banking

Abstract

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.

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Published
2020-12-31
How to Cite
Aysan, A., Sadriu, B., & Topuz, H. (2020). BLOCKCHAIN FUTURES IN CRYPTOCURRENCIES, TRADE AND FINANCE: A PRELIMINARY ASSESSMENT. Buletin Ekonomi Moneter Dan Perbankan, 23(4), 525 - 542. https://doi.org/10.21098/bemp.v23i4.1240
Section
Articles