Reference : Blockchain-based Micropayment Systems: Economic Impact
Scientific congresses, symposiums and conference proceedings : Paper published in a journal
Engineering, computing & technology : Computer science
Computational Sciences; Finance
Blockchain-based Micropayment Systems: Economic Impact
Khan, Nida mailto [University of Luxembourg > Interdisciplinary Centre for Security, Reliability and Trust (SNT) > >]
Ahmad, Tabrez mailto [ArcelorMittal Europe]
State, Radu mailto [University of Luxembourg > Interdisciplinary Centre for Security, Reliability and Trust (SNT) > >]
ACM IDEAS '19 Proceedings of the 23rd International Database Engineering & Applications Symposium
New York
ACM 23rd International Database Engineering & Applications Symposium
10-06-2019 to 12-06-2019
[en] Blockchain ; Cryptocurrency ; Micropayments ; Economic Impact ; Cybercrime
[en] 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.
Researchers ; Professionals ; Students ; General public
FnR ; FNR11617092 > Nida Khan > > Data Analytics and Smart Contracts for traceability in finance > 01/03/2017 > 31/01/2021 > 2017

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