Publication:
Blockchain in Development, Part I: A New Mechanism of 'Trust'?

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dc.contributor.authorNiforos, Marina
dc.date.accessioned2018-09-06T19:25:09Z
dc.date.available2018-09-06T19:25:09Z
dc.date.issued2017-07
dc.description.abstractBlockchain is an exciting new technology that may prove to be a radical innovation - similar to technologies such as the steam engine and the Internet that triggered previous industrial revolutions - with the power to disrupt existing economic and business models. It has the potential to deliver productivity gains to multiple industries, from the financial sector to energy markets, supply chains, intellectual property management, virtual firms, the public sector, and beyond. Its ability to provide disintermediation, improve transparency, and increase auditability can significantly reduce transaction costs, introduce efficiency into existing value chains, challenge revenue models, and open new markets. And blockchain may prove particularly valuable in emerging market economies. Yet the technology is in its early stages of development and serious challenges and risks, both technical and regulatory, will need to be addressed before it achieves widespread adoption. Questions remain about blockchain’s scalability, interoperability, security, transition costs, data privacy, and governance. And business leaders and policy makers will need to think long and hard about when and under what conditions a blockchain initiative may be warranted.en
dc.identifierhttp://documents.worldbank.org/curated/en/511661502947718159/Blockchain-in-development-part-I-a-new-mechanism-of-trust
dc.identifier.doi10.1596/30366
dc.identifier.urihttps://hdl.handle.net/10986/30366
dc.languageEnglish
dc.publisherInternational Finance Corporation, Washington, DC
dc.relation.ispartofseriesEMCompass,no. 40;
dc.rightsCC BY-NC-ND 3.0 IGO
dc.rights.holderInternational Finance Corporation
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/igo
dc.subjectBLOCKCHAIN
dc.subjectDISTRIBUTED LEDGER TECHNOLOGY
dc.subjectFINANCIAL TECHNOLOGY
dc.subjectINNOVATION
dc.subjectEMERGING MARKET ECONOMIES
dc.subjectTECHNOLOGY ADOPTION
dc.subjectTRANSPARENCY
dc.subjectREGULATION
dc.subjectSCALABILITY
dc.subjectINTEROPERABILITY
dc.subjectDATA PRIVACY
dc.subjectDATA PROTECTION
dc.subjectSMART CONTRACTS
dc.subjectP2P TRANSFERS
dc.subjectAUTHENTICATION
dc.subjectREGISTRIES
dc.titleBlockchain in Development, Part Ien
dc.title.subtitleA New Mechanism of 'Trust'?en
dc.typeBriefen
dc.typeFichefr
dc.typeResumenes
dspace.entity.typePublication
okr.crossref.titleBlockchain in Development, Part I: A New Mechanism of 'Trust'?
okr.date.disclosure2017-08-17
okr.doctypePublications & Research
okr.doctypePublications & Research::Brief
okr.docurlhttp://documents.worldbank.org/curated/en/511661502947718159/Blockchain-in-development-part-I-a-new-mechanism-of-trust
okr.guid511661502947718159
okr.identifier.doi10.1596/30366
okr.identifier.externaldocumentum090224b084ecb2ad_1_0
okr.identifier.internaldocumentum27907732
okr.identifier.report118734
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/511661502947718159/pdf/118734-BRI-EMCompass-Note-40-Blockchain-Part-I-PUBLIC.pdfen
okr.topicFinance and Financial Sector Development::E-Finance and E-Security
okr.topicFinance and Financial Sector Development::Financial Regulation & Supervision
okr.topicInformation and Communication Technologies::Information Technology
okr.topicInformation and Communication Technologies::Information and Records Management
okr.topicScience and Technology Development::Technology Innovation
okr.unitSector Economics and Dev Impact (CSEDR)
relation.isSeriesOfPublicationd31a649d-31bd-481d-8f47-6e9e412fc469
relation.isSeriesOfPublication.latestForDiscoveryd31a649d-31bd-481d-8f47-6e9e412fc469
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