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November 27, 2024· Advances in computational intelligence and robotics book series
book-chapter

Block Chain in Finance Crisis of a Country Engaged in War

Authors:Kamalakshi NagannaH. Naganna

Abstract

Block Chain Cryptocurrencies are playing vital role in Financial as well in all other sectors .Recently in the year 2022 battle between Russo-Ukrainian is in fact enduring battle between two countries Russia and Ukraine. Subsequent to the Russian military build-up on the Russia–Ukraine border from late 2021, the battle extended ominously when Russia propelled a complete incursion of Ukraine on 24 February 2022.Monetary problem obviously showcases a foremost role in wars, the 2022 war between Russia and Ukraine is the prime major battle with a major but role of crypto-currencies. Because Russian military forces attacked Ukraine the United States along with its partners have imposed exceptional sanctions on Russia. These situations have led to lot of queries, regarding whether crypto-currencies can be employed by Russian performers to circumvent the authorizations. In a broader sense, the Russia-Ukraine crisis has made the policymakers to resolve how to normalize digital possessions. This chapter emphasizes on how best Ukraine is able to manage the financial crisis during Ukraine –Russia war using crypto-currencies and Non-fungible tokens in terms of Military and humanity.

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