Decentralisation and beyond: The impact of blockchain on global economies, banking, and governance

The Fourth Industrial Revolution has ushered in groundbreaking digital advancements across biology, materials science, and computing. Among these, blockchain technology emerges as a key innovation with the power to reshape economic systems and business operations. While blockchain offers solutions f...

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Main Authors: Sharma Mohit, Patidar Sanjay
Format: Article
Language:English
Published: University of Novi Sad, Technical faculty Mihajlo Pupin, Zrenjanin 2024-01-01
Series:Journal of Engineering Management and Competitiveness
Subjects:
Online Access:https://scindeks-clanci.ceon.rs/data/pdf/2334-9638/2024/2334-96382402148S.pdf
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author Sharma Mohit
Patidar Sanjay
author_facet Sharma Mohit
Patidar Sanjay
author_sort Sharma Mohit
collection DOAJ
description The Fourth Industrial Revolution has ushered in groundbreaking digital advancements across biology, materials science, and computing. Among these, blockchain technology emerges as a key innovation with the power to reshape economic systems and business operations. While blockchain offers solutions for critical digital needs such as user verification, data security, and intellectual property management, its widespread adoption remains constrained by a limited understanding of its benefits. This research explores two primary areas: the sustainability of crypto exchange systems and blockchain's governance implications in our digital economy. Moving beyond Bitcoin, the study examines blockchain from both broad economic perspectives and organisational levels, viewing blockchain-based entities as global institutions. It analyzes blockchain's potential as a decentralized governance tool, assessing how it creates value and enables effective governance while potentially preventing financial fraud. The study also compares different countries' approaches to cryptocurrency regulation. The research methodology combines two methods: a comprehensive review of academic blockchain literature and an analyses of blockchain community discussions. It also includes ethnographic research, examining the governance structures and challenges within DAOs (decentralised autonomous organisations).
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spelling doaj-art-0b4d99f64e2345a58e6d1adb280d7fe82025-01-08T16:22:59ZengUniversity of Novi Sad, Technical faculty Mihajlo Pupin, ZrenjaninJournal of Engineering Management and Competitiveness2334-96382217-81472024-01-0114214816110.5937/JEMC2402148S2334-96382402148SDecentralisation and beyond: The impact of blockchain on global economies, banking, and governanceSharma Mohit0https://orcid.org/0009-0006-5174-6525Patidar Sanjay1https://orcid.org/0000-0001-9219-1243Delhi Technological University, Department of Software Engineering, Shahbad Daulatpur, Delhi, IndiaDelhi Technological University, Department of Software Engineering, Shahbad Daulatpur, Delhi, IndiaThe Fourth Industrial Revolution has ushered in groundbreaking digital advancements across biology, materials science, and computing. Among these, blockchain technology emerges as a key innovation with the power to reshape economic systems and business operations. While blockchain offers solutions for critical digital needs such as user verification, data security, and intellectual property management, its widespread adoption remains constrained by a limited understanding of its benefits. This research explores two primary areas: the sustainability of crypto exchange systems and blockchain's governance implications in our digital economy. Moving beyond Bitcoin, the study examines blockchain from both broad economic perspectives and organisational levels, viewing blockchain-based entities as global institutions. It analyzes blockchain's potential as a decentralized governance tool, assessing how it creates value and enables effective governance while potentially preventing financial fraud. The study also compares different countries' approaches to cryptocurrency regulation. The research methodology combines two methods: a comprehensive review of academic blockchain literature and an analyses of blockchain community discussions. It also includes ethnographic research, examining the governance structures and challenges within DAOs (decentralised autonomous organisations).https://scindeks-clanci.ceon.rs/data/pdf/2334-9638/2024/2334-96382402148S.pdfblockchaincryptocurrencybitcoingovernancebankingcyberpunks
spellingShingle Sharma Mohit
Patidar Sanjay
Decentralisation and beyond: The impact of blockchain on global economies, banking, and governance
Journal of Engineering Management and Competitiveness
blockchain
cryptocurrency
bitcoin
governance
banking
cyberpunks
title Decentralisation and beyond: The impact of blockchain on global economies, banking, and governance
title_full Decentralisation and beyond: The impact of blockchain on global economies, banking, and governance
title_fullStr Decentralisation and beyond: The impact of blockchain on global economies, banking, and governance
title_full_unstemmed Decentralisation and beyond: The impact of blockchain on global economies, banking, and governance
title_short Decentralisation and beyond: The impact of blockchain on global economies, banking, and governance
title_sort decentralisation and beyond the impact of blockchain on global economies banking and governance
topic blockchain
cryptocurrency
bitcoin
governance
banking
cyberpunks
url https://scindeks-clanci.ceon.rs/data/pdf/2334-9638/2024/2334-96382402148S.pdf
work_keys_str_mv AT sharmamohit decentralisationandbeyondtheimpactofblockchainonglobaleconomiesbankingandgovernance
AT patidarsanjay decentralisationandbeyondtheimpactofblockchainonglobaleconomiesbankingandgovernance