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Cryptocurrency as disruptive technology: theoretical insights

Author

Listed:
  • Tadas Limba

    (Mykolas Romeris University, Lithuania)

  • Andrius Stankevičius

    (Mykolas Romeris University, Lithuania)

  • Antanas Andrulevičius

    (Mykolas Romeris University, Lithuania)

Abstract

Bitcoin, Cryptocurrencies and Blockchain technologies are widely discussed nowadays. The Bitcoin market value is discussed in top magazines, the names of people who earned money from cryptocurrencies are on the Richest People list. The Blockchain technology is said to be a one of disruption pioneers on the one hand, and cryptocurrency is said to be an illegal phenomenon on the other hand. The Fourth Industrial Revolution, which is based on digitalized industry is changing the power centres. Will cryptocurrency disrupt the financial sector? Or perhaps it will disrupt the retail market or global monetary policy. Disruptive technologies together with the Internet, Mobile Internet and Internet of Things are changing our world. While society has gained simple and reachable comfort for a cheaper price on the one hand, many people have lost their jobs on the other. Consequently, the authors presuppose discussion about the phenomenon of cryptocurrency through the context of social phenomena and legal regulation: divulge definitions, principles, relating to the topic; identify possible tendencies according to legal regulation and its practical realization.

Suggested Citation

  • Tadas Limba & Andrius Stankevičius & Antanas Andrulevičius, 2019. "Cryptocurrency as disruptive technology: theoretical insights," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 6(4), pages 2068-2080, June.
    • Handle: RePEc:ssi:jouesi:v:6:y:2019:i:4:p:2068-2080
    DOI: 10.9770/jesi.2019.6.4(36)
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    Citations

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    Cited by:

    1. Tadas Limba & Andrejus Novikovas & Andrius Stankevičius & Antanas Andrulevičius & Manuela Tvaronavičienė, 2020. "Big Data Manifestation in Municipal Waste Management and Cryptocurrency Sectors: Positive and Negative Implementation Factors," Sustainability, MDPI, vol. 12(7), pages 1-14, April.
    2. Erik Karger & Marvin Jagals & Frederik Ahlemann, 2021. "Blockchain for Smart Mobility—Literature Review and Future Research Agenda," Sustainability, MDPI, vol. 13(23), pages 1-32, November.
    3. Palit, Biswajit & Mukherjee, Sakya, 2022. "Can cryptocurrency tap the Indian market? Role of having robust monetary and fiscal policies," MPRA Paper 111850, University Library of Munich, Germany.
    4. Alexander G. Gurinovich & Marina A. Lapina & Gennady P. Tolstopyatenko & Pavel A. Patrikeev, 2022. "About Approaches to the Definition of Concept and Problems of Legal Regulation of Digital Financial Assets," Public Organization Review, Springer, vol. 22(4), pages 1005-1024, December.
    5. Seunghyun Kim & Byungchul Choi & Yong Kyu Lew, 2021. "Where Is the Age of Digitalization Heading? The Meaning, Characteristics, and Implications of Contemporary Digital Transformation," Sustainability, MDPI, vol. 13(16), pages 1-20, August.

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