References of "ACM IDEAS '19 Proceedings of the 23rd International Database Engineering & Applications Symposium"
     in
Bookmark and Share    
Full Text
Peer Reviewed
See detailBlockchain-based Micropayment Systems: Economic Impact
Khan, Nida UL; Ahmad, Tabrez; State, Radu UL

in ACM IDEAS '19 Proceedings of the 23rd International Database Engineering & Applications Symposium (2019)

The inception of blockchain catapulted the development of innovative use cases utilizing the trustless, decentralized environment, empowered by cryptocurrencies. The envisaged benefits of the technology ... [more ▼]

The inception of blockchain catapulted the development of innovative use cases utilizing the trustless, decentralized environment, empowered by cryptocurrencies. The envisaged benefits of the technology includes the divisible nature of a cryptocurrency, that can facilitate payments in fractions of a cent, enabling micropayments through the blockchain. Micropayments are a critical tool to enable financial inclusion and to aid in global poverty alleviation. The paper conducts a study on the economic impact of blockchain-based micropayment systems, emphasizing their significance for socioeconomic benefit and financial inclusion. The paper also highlights the contribution of blockchain-based micropayments to the cybercrime economy, indicating the critical need of economic regulations to curtail the growing threat posed by the digital payment mechanism. [less ▲]

Detailed reference viewed: 146 (12 UL)