Follow blockchain research across journals, conferences, and preprint repositories.
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Humberto Besso-Oberto Huerta, Sofía Villarreal
No abstract is available for this record.
Vedansh Khatri, Vikas Garg, Rohit Pandey, Praveen Pachauri
The barriers toward the economy for underbanked communities are made much deeper due to their access to formal financial services. In recent years, mobile infrastructure and blockchain technology have opened new corners for the establishment of digital identity systems that show promise enabling secure and verifiable identity for greater access to finance. This study contrasts the systems through very rigorous casework in India and Uganda, and a technical comparison of mobile-based concurrent mobile and blockchain-enabled self-sovereign identity (SSI) frameworks. Observations from survey data supplement them by indicating trends on user adoption and challenges. Results indicate that digital identities give an additional entry into financial services anywhere between 20 to 30 percent for the under banked. Although they are the most affected by resistance posed by tried and tested issues such as low digital literacy, lack of infrastructural facilities, trust deficit among consumers, and so on. A hybrid digital identity framework with Zero-Knowledge Proofs (ZKPs) is thus proposed, which combines the widely accepted benefits of mobile systems with the enhanced privacy and data protection features offered by the blockchain technology. The model is constructed based on affordability, interoperability, and user agency; thus, it is scalable and inclusive to the economic realities faced by sub-Saharan Africa and South Asia.
Boris Korneychuk
The review discusses the ideas presented in the book by D. Tapscott and A. Tapscott - specifically, the concept of distributed capitalism allowed for by blockchain technology. The blockchain era is characterized by development of a new institution of trust; disruption of financial intermediation; economic inclusion of hundreds of millions of citizens in developing countries; an increase in competition and a decrease in inequality. The authors see the blockchain revolution as a solution to the problem of discrimination against intellectual property creators, who have to hand over a large part of the value created to intermediaries. They consider the main opposition to distributed capitalism to stem from the feudal financial system which loses ground under new conditions, where economic agents may use alternative currencies and interact directly with each other without risk and high transaction costs.