Leadership and Crypto-Currency in the Era of Crowd Economy View Full Text


Ontology type: schema:Chapter     


Chapter Info

DATE

2018

AUTHORS

Maksim Maramygin , Elena Prokofieva , Viktor Pishchulov

ABSTRACT

The rapid development of IT technology has led to a serious change in many spheres of economic life. The centuries-old order of financial and monetary transactions is changing. The role of the state and its institutions in the conduct of many payment, settlement, and investment operations is significantly and rapidly compressed. At the same time, there is no complete understanding of how to build the circulation of nonmonetary money and safe work in the conditions of crowd technologies development. The purpose of the study is to analyze the results of the development of crypto-currencies, history and mechanisms of their distribution, definition of economic essence, and stability of non-fiat money. The article discusses the role of crypto-currency in the evolution of money, reveals the main trends underlying this process, and justifies the inevitability of further development of circulation and payment instruments. The consequences of using virtual money for monetary regulation of the economy are analyzed. Additionally, the reaction of the monetary authorities to the undergoing changes is estimated. More... »

PAGES

333-342

Book

TITLE

Leadership for the Future Sustainable Development of Business and Education

ISBN

978-3-319-74215-1
978-3-319-74216-8

Identifiers

URI

http://scigraph.springernature.com/pub.10.1007/978-3-319-74216-8_33

DOI

http://dx.doi.org/10.1007/978-3-319-74216-8_33

DIMENSIONS

https://app.dimensions.ai/details/publication/pub.1101843106


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