Emerging Insights On The Relationship Between Cryptocurrencies And Decentralized Economic Models

Many governments around the world are concerned about the nature and volatility of cryptocurrencies due to their decentralized form. They fear this may ultimately lead to various decentralized government models and tax havens. This book explains the emerging knowledge regarding cryptocurrencies and the emergence of decentralized economic models. Covering topics such as policy adaptations in cryptocurrency, decentralized models, and tax evasion in cryptocurrencies, this book is an essential resource for academicians, economists, government departments and agencies, policy makers, central banks, students and educators of higher education, research scholars, entrepreneurs, and academicians.

The significance of cryptocurrencies can be understood clearly with their high market penetration in recent times. The central banks, economists, business professionals, and authorities are examining the prospects, impacts, comfortability, and reliability aspects of cryptocurrencies. Many questions are yet to be answered empirically to cover the significance, considerations, negative impacts, policy applications, and acceptance of cryptocurrencies as marketable instruments. Many governments are concerned about the nature and volatility of cryptocurrencies due to their decentralized form. Emerging Insights on the Relationship Between Cryptocurrencies and Decentralized Economic Models discusses the answers to major queries and concerns regarding cryptocurrencies and the emergence of decentralized economic models. It covers major topics that are highly resourceful for knowledge seekers and is highly useful, containing vital information related to cryptocurrencies. Covering topics such as central bank digital currencies, financial reporting, and public perception, this premier reference source is an essential resource for economists, government officials and agency officials, policymakers, central bank professionals, investors, entrepreneurs, students and educators of higher education, librarians, researchers, and academicians.

"A systematic review of the structure and context of the blockchain-derived economic model... (the book) describes cryptoeconomics in connection with the game theory, behavioral economics and others in simple understandable language."—Wang Feng, founder of Linekong Interactive Group and Mars Finance, partner in Geekbang Venture Capital Blockchain technology has subverted existing perceptions and is the start of an economic revolution, called, cryptoeconomics. Blockchain is a key component of cryptoeconomics. Vlad Zamfir, a developer of Ethereum, defines this term as "a formal discipline that studies protocols that governs the production, distribution, and consumption of goods and services in a decentralized digital economy. Cryptoeconomics is a practical science that focuses on the design and characterization of these protocols". This book explains the structures of blockchain-derived economic models, their history, and their application. It uses real-world cases to illustrate the relationship between cryptoeconomics and blockchain. Blockchain technology solves trust issues. A blockchain application can restrict behavior on the blockchain through a reward and punishment system that enables consensus in an innovative way. The greatest significance of cryptoeconomics lies in guaranteeing safety, stability, activity, and order in a decentralized consensus system. Security and stability are achieved mainly by cryptographical mechanisms. Activity and order are achieved through economic mechanisms. Cryptoeconomics and Blockchain: Ignighting a New Era of Blockchain discusses the most popular consensus algorithms and optimization mechanisms. With examples explained in clear and simple terms that are easy to understand, the book also explores economic mechanisms of blockchain such as game theory and behavioral economics.

Presenting a unique conceptual framework for interpreting and improving commercial agreements, this book marries a sound theoretical foundation with practical strategies for negotiating, drafting, advising on, and litigating such agreements.

Money is no longer limited to physical currency or credit and debit cards; however, cryptocurrencies are emerging due to recent technological advancements. Financial markets have been revolutionized as a result of innovative technological trends. It seems that there is no way to evade embracing new trends in the financial markets; without them, we will be destined to fail. Mainstreaming Cryptocurrency and the Future of Digital Finance provides an overview of the advantages and disadvantages of current cryptocurrency-based payment methods aiming to leverage technology to create better financial services in different businesses. The book also discusses fintech, the cryptocurrency market, trading tips and techniques, brokers and how they work, digital wallets, analytical tools to pick cryptocurrencies, and risk management methods to leverage a secure investment in cryptocurrencies. Covering key topics such as digital money, trading, and financial technologies, this premier reference source is ideal for managers, business owners, industry professionals, researchers, academicians, scholars, instructors, and students.

The transformation of green investment and climate finance by blockchain establishes the relationship between global efforts for climate adaptation and this innovative technology. The benefit of blockchain in the financial sector is realized as it has brought various operational changes such as smart contracts, changes in regulation and governance, changes in transactions, and more. In every situation, sustainable development goals (SDGs) must be accomplished with the help of society’s collective creativity, knowledge, technology, and financial resources. Perspectives on Blockchain Technology and Responsible Investing highlights the applications of blockchain technologies to foster sustainable development in different fields. The book details a number of significant characteristics and concerns regarding blockchain, finance, and sustainability that every manufacturer, policymaker, or academician may have. Covering topics such as banking, performance, and smart contracts, this premier reference source is an essential resource for entrepreneurs, practitioners, professionals, business leaders, policymakers, students and educators of higher education, researchers, and academicians.

Post COVID-19, the world will never be the same. The pandemic not only shattered many assumptions about economic developments and growth, but it also challenged our preparedness to face any unpredictable challenge as a human civilization in an era where science and technology is at its peak. To suppress the spread of COVID-19, many countries resorted to partial or full closure of their borders and restricted the movement of people. Mandatory quarantine restricted labor mobility and workplace closure, which later converted into supply shocks in the economy, as these measures impaired the economy’s production capacity, disrupting supplies. This later spilled over to the demand side as people were locked down in their homes and workers were laid off and lost income. This disruption posed many new challenges for policymakers to formulate appropriate macroeconomic policy responses and also provided them the opportunity to ponder upon the preparedness of countries in terms of health facilities, appropriately compensating human resources, how to cushion immediate and severe economic shocks, and how to maintain the livelihood of the society as a whole. Changing World Economic Order in the Post-Pandemic Period provides scientific knowledge of the current economic scenarios across the globe with a comprehensive overview of the pandemic and regional initiatives, trends of trade and development, and approaches to overcome obstacles of globalization and the impacts on global trade and economic development in light of the pandemic. The chapters present tangible solutions and attainable perspectives for fighting a battle against the pandemic while keeping the morale of the people and economy high. Highlighted topics include post-pandemic economic development, public policy in emergency situations, socio-economic impacts on enterprises, risk governance, and impacts of COVID-19. This book is ideally intended for university students, researchers, policymakers, economic actors, economists, practitioners, stakeholders, government officials, academicians, and anyone interested in the impact of a pandemic on the global economy and how to deal with such issues in the future.

Principles of Financial Control in the Public Sector delves into the compliance and implementation of control principles by control institutions in the public sector. The book uses examples from control practice to highlight the problems and weaknesses of financial control bodies resulting from their irregular action and influence. The Public Financial Inspection Agency (PFIA) in Bulgaria serves as a case study and proposes a methodology for ensuring the quality implementation of financial control principles during inspections. The book presents current issues in the field of financial control, which are of interest to a wide range of readers. The book's research methodology covers the stages for implementation of financial control principles and their application in the control technology and process. The empirical part of the book uses information from 2,450 reports on financial inspections by PFIA from 2007 to 2011, annual reports on the activity of PFIA from 2007 to 2011 and 2019 to 2022, and research results by various NGOs in the field of financial control, such as the Center for Study of Democracy and the Association for Combating Economic Fraud. It is suitable for students, practitioners, senior officials, academics, auditors, accountants, financiers, and business owners who have continuous contact with state offices and administration.

Over the last few years, we have witnessed an upsurge of enthusiasm about cryptocurrencies and, more generally, the so-called blockchain technology. In this new and updated edition, the authors explore what exactly these new technologies entail and promise. They argue that to understand the potential challenges and further developments in the market, one needs to develop an understanding of what needs these innovations fulfill and what business models are consistent with their use. For that, we need to sufficiently understand both the technology and how it affects the economic forces at play. This book goes beyond the headlines that say “blockchain will decentralize everything” and provides in-depth, rigorous analysis of what can be effectively decentralized and how this decentralization will work. The book draws not only on the general knowledge of digital currencies and blockchain technologies, but also on recent academic research on the topic. Featuring a fully updated chapter on cryptocurrencies and new chapters on smart contracts and enterprise blockchains, this book is critical reading for those interested in how technology developments impact business and society.