Potentials of Cryptocurrency Entrepreneurs in Transforming Global Cities and Regions

Abstract

The emergence of digital currencies is substantially influencing the growth of global financial markets and cities. Cryptocurrency entrepreneurs (CEs) are reshaping global cities and regions by transforming the way we live, work and interact. This chapter explores how the entrepreneurs use cryptocurrency assets and their underpinning computing technologies to transform the dysfunctional and evolving global cities. The CEs generate funds and create cutting-edge technologies to meet the challenges faced by cities, including unemployment, inadequate and rundown infrastructure and facilities as well as for new development to meet the needs of massive future urbanization. The chapter is organized in five parts. It first introduces the study and presents a background on the concepts of blockchain technologies and cryptocurrency, their emergence and development trend. It then discusses the rise of global cities and how technology impacts them, followed by the potentials and challenges of CEs in transforming global cities and regions. It ends with conclusion and future research directions.