Virtual Currencies and Blockchains – Potential Impacts on Financial Market Infrastructures and on Corporate Ownership

23 Pages Posted: 22 Feb 2016

Date Written: February 21, 2016

Abstract

Virtual communities have proliferated in recent years – a phenomenon triggered by technological developments and by the increased use of the internet and considered one of the most powerful innovations in finance in 500 years. After an initial enthusiastic phase, a trend change is underway. The most famed virtual currency, known as bitcoin, is only six years old, and many of its critics are already declaring it dead. But such dire predictions miss a far more important point: whether bitcoin survives or not, the technology underlying it is here to stay (so called block chain or public ledger currency platforms). That technology will become ever more influential as developers create newer, better versions and clones.

Suggested Citation

Fico, Paola, Virtual Currencies and Blockchains – Potential Impacts on Financial Market Infrastructures and on Corporate Ownership (February 21, 2016). Melbourne Business School, 2016 Financial Institutions, Regulation & Corporate Governance (FIRCG) Conference, Available at SSRN: https://ssrn.com/abstract=2736035 or http://dx.doi.org/10.2139/ssrn.2736035

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