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The Assessment of the Romanian Market Regarding the Potential Adoption of Blockchain

In: Digital Transformation, Strategic Resilience, Cyber Security and Risk Management

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  • Maria Moraru

Abstract

The COVID-19 pandemic has impacted companies both ways, negatively by testing their ability to adapt in uncertain situations and positively by accelerating the adoption of technology systems. One of the new technologies is represented by blockchain which brings decentralised control, transparency between the involved parties, and two-ways security checks on transactions. The Romanian market has been selected to provide an early assessment of the potential the market has on implementing blockchain technology and becoming more transparent within customer and state interactions. As part of the blockchain network, it brings both numerous benefits such as transparency in interactions with other parties and freedom as it is not regulated by any kind of authority yet.

Suggested Citation

  • Maria Moraru, 2023. "The Assessment of the Romanian Market Regarding the Potential Adoption of Blockchain," Contemporary Studies in Economic and Financial Analysis, in: Digital Transformation, Strategic Resilience, Cyber Security and Risk Management, volume 111, pages 21-31, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:csefzz:s1569-37592023000111a002
    DOI: 10.1108/S1569-37592023000111A002
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    More about this item

    Keywords

    Blockchain; technology; accounting; management; transactions; domain; COVID-19; pandemic; G32; N7; M41; O14; O32; Q55;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • N7 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation

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