Blockchain Applications and Financial Technology from a Social Perspective

Abstract

Financial issues particularly affect individuals and their security. Conducting social research for 28 years, I have observed, among other things, changes in the operationalization of finance, its formal security, and, after the transition to electronic forms, the security in this area. I noticed differences in security with respect to fiber optic transmission and Wi-Fi. I also examined electronic investment methods commonly known as stock exchanges. In my country, Poland, electronic banking and stock exchanges appeared much later than in the United States. There is reason to assume that it was US finance that initiated stock exchanges in Poland, a country treated by overseas officials as a form of financial and economic colonization. Consequently, the United States became a subject of interest, both in terms of the emerging social class, which I have termed "the stock market rich," distinguishing them from those who obtain wealth through their own work and are creating a new social structure. In my research, I set out to identify individual and group behaviors, both formal and informal. The areas I addressed included need satisfaction, mutual cooperation, and motivation. I've noticed a certain uniqueness recurring in all human structural forms, regardless of location or type of implementation. To my surprise, it involves the negation of existing rules and is dependent solely on the duration of an entity's existence. It doesn't depend at all on whether it's an economic, administrative, educational, or financial entity. This article focuses on society and its operation within a financial framework in an electronic context.