The rise of blockchains: disrupting economies and transforming societies

Bağış, Bilal (2023) The rise of blockchains: disrupting economies and transforming societies. [Book Review]

[thumbnail of 2023_3_2_Blockchain.pdf] PDF
Available under License Creative Commons Attribution Non-commercial.

Download (179kB)


Blockchain is a relatively new technology and has its own weaknesses. DeFi, or decentralized finance, is one such area where there are numerous hacking attacks against digital currencies or cryptocurrencies. Cryptocurrency wallets especially hot wallets are often associated with cybersecurity risks. Ethereum contracts and DAOs are also frequently hacked. However, blockchain can still be used to improve security and privacy in finance, IoT devices, and even in healthcare. It will work much better than conventional password-based security systems. At a minimum, people won’t have to send over and record their personal data at some central repository. Data won’t be sent over to anyone or anywhere, just access permission will be granted whenever needed. It also provides anonymity, without revealing the true identity of a user. The book is highly recommended for experts, scholars, and researchers interested in digitalization in finance and blockchain technologies in general.
Item Type: Book Review
Subjects: H Social Sciences > HF Commerce > HF5601 Accounting
H Social Sciences > HG Finance > HG176.6 Financial engineering
H Social Sciences > HG Finance > HG4001-4285 Financial management. Business finance. Corporation finance
Divisions: Faculty of Arts and Social Sciences > Academic programs > Economics
Faculty of Arts and Social Sciences
Depositing User: Bilal Bağış
Date Deposited: 29 Jul 2023 13:01
Last Modified: 29 Jul 2023 13:01

Actions (login required)

View Item
View Item