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Possible Future Applications of the Blockchain Technology

Author

Listed:
  • Ioan RADU

    (Bucharest University of Economic Studies)

  • Cleopatra SENDROIU

    (Bucharest University of Economic Studies)

  • Mihai Ludovic DEMETER

    (Bucharest University of Economic Studies)

  • Florin CAZACU

    (Bucharest University of Economic Studies)

Abstract

Starting from criptocurencies and inevitably going into one of the most distruptive tehnologies that will shape the way we exchange money, information and goods, the present article tries to explain how this new tehnological oportunitiies can come in response to businesses from all over the world by paving the way to a new fully digitalised economy in which smart contracts and the change of assets are managed trough a public ledger also known as a blockchain. The article aims at explaining what blockchain technology is and how it all started since 2009 with the arival of the bitcoin on the market and the other criptocurencies that are taking the world by storm. Also, it presents what is today considered as posible regarding aplications of blcokchain tehnology into business and by what extent, also considering posible future aplications.

Suggested Citation

  • Ioan RADU & Cleopatra SENDROIU & Mihai Ludovic DEMETER & Florin CAZACU, 2018. "Possible Future Applications of the Blockchain Technology," PROCEEDINGS OF THE INTERNATIONAL CONFERENCE ON ECONOMICS AND SOCIAL SCIENCES, Bucharest University of Economic Studies, Romania, vol. 1(1), pages 245-251, April.
    • Handle: RePEc:rom:conase:v:1:y:2018:i:1:p:245-251
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    Cited by:

    1. Rad Dana & Cuc Lavinia Denisia & Lile Ramona & Cuc Paul Nichita & Pantea Mioara Florina & Anta Darius, 2023. "Suspiciousness and Fast and Slow Thinking Impact on Trust in Recommender Systems," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 17(1), pages 1103-1118, July.

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