IDEAS home Printed from https://ideas.repec.org/a/ers/ijfirm/v8y2018i2p1404.html
   My bibliography  Save this article

The Challenges and Countermeasures of Blockchain Finance and Economics

Author

Listed:
  • Yang Zheng
  • Tao Huang

Abstract

Blockchain is a new underlying technology in the Internet era, whose ultimate goal is to analyse and process the information data through the effective integration of financial resources. No matter what kind of financial formats or new financial service models are generated, they are all dedicated to upgrade the financial system and promote the efficiency and quality of financial operations and service from the layer of data, rules, and application according to the market and customer needs. Blockchain technology can help the financial industry to automatically and accurately identify customer credit conditions to restructure the financial market credit system and improve the efficiency of cross-border payment. However, it also poses a challenge for the development of the financial industries. In this paper, we systematically analyse the technology of blockchain and its application in the financial and economic field, the status quo and the challenges it faces, and then give constructive suggestions to help the blockchain technology develop better in the financial and economic field.

Suggested Citation

  • Yang Zheng & Tao Huang, 2018. "The Challenges and Countermeasures of Blockchain Finance and Economics," International Journal of Finance, Insurance and Risk Management, International Journal of Finance, Insurance and Risk Management, vol. 8(2), pages 1404-1404.
    • Handle: RePEc:ers:ijfirm:v:8:y:2018:i:2:p:1404
    as

    Download full text from publisher

    File URL: https://journalfirm.com/journal/182/download
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Marcel Bolos & Ortan Tudor & Otgon Cristian, 2010. "Information Asymmetry Theory In Corporate Governance Systems," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(2), pages 516-522, December.
    2. Gerhard Illing & Martin Peitz, 2005. "Understanding the Digital Economy: Facts and Theory Introduction," CESifo Economic Studies, CESifo Group, vol. 51(2-3), pages 187-188.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Li Zhang & Yongping Xie & Yang Zheng & Wei Xue & Xianrong Zheng & Xiaobo Xu, 2020. "The challenges and countermeasures of blockchain in finance and economics," Systems Research and Behavioral Science, Wiley Blackwell, vol. 37(4), pages 691-698, July.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ers:ijfirm:v:8:y:2018:i:2:p:1404. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Marios Agiomavritis (email available below). General contact details of provider: https://journalfirm.com/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.