How Can Blockchain Contribute to Developing Country Economies? A Literature Review on Application Areas

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dc.authorid271199en_US
dc.contributor.authorBoğa, Semra
dc.contributor.authorGillpatrick, Tom
dc.contributor.authorAldanmaz, Oncel
dc.date.accessioned2023-03-09T16:02:37Z
dc.date.available2023-03-09T16:02:37Z
dc.date.issued2022
dc.departmentİstanbul Beykent Üniversitesien_US
dc.description.abstractBlockchain technology originally finding applications in Fintech and supply chain management is rapidly expanding applications to other industries as well as the public sector. “Blockchain has been compared to the invention of the internet and its comprehensive impact on almost every industry.” R. Beck and B. Markey-Towler (2017) A recent study by PWC (2020) found that, “Blockchain technology has the potential to boost global gross domestic product by $1.76 trillion USD over this decade.” It has been argued that the digital revolution has favored more developed nations and that has helped create a “digital divide” with less developed nations. Business and governmental infrastructure in developing nations have lagged that of more developed nations. Some of these challenges faced by developing nations include the registration of property ownership, financial systems, modern efficient supply chains often accompanied by a lack of trust and the ability to verify and audit organizational processes rapidly and economically. Blockchain technology has the promise to address many of the critical needs of developing countries internally and in external trade relationships to help enable them to be more competitive. This paper will review the literature and examine the impact of Blockchain technology on how its adoption may ameliorate many of these critical challenges for developing nations helping to improve governance and economic benefits that are shared more equitably. Potential for both positive and negative impacts with bediscussed along with policy implications for public policy makers and private enterprises.en_US
dc.identifier.doi10.2478/eoik-2022-0009
dc.identifier.issn1307-9832
dc.identifier.scopus2-s2.0-85134528936en_US
dc.identifier.scopusqualityN/Aen_US
dc.identifier.urihttps://doi.org/10.2478/eoik-2022-0009
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherSciendoen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.subjectBlockchainen_US
dc.subjectMacro Economicsen_US
dc.subjectCompetitivenessen_US
dc.subjectInnovationen_US
dc.subjectDeveloping Countriesen_US
dc.subjectCorruptionen_US
dc.subjectFinancial Inclusionen_US
dc.subjectProperty Rightsen_US
dc.subjectSupply Chainen_US
dc.subjectNFTen_US
dc.titleHow Can Blockchain Contribute to Developing Country Economies? A Literature Review on Application Areasen_US
dc.typeArticleen_US

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