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FUTURE OF CRYPTOCURRENCY AND BLOCKCHAIN TECHNOLOGY

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EDITORS G ö k h a n ULUM
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Assoc. Prof. m e t AKBABA
f . D r. A h
Assoc. Pro

S S B O O K
CON G R E
CE AND ART
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isarc
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SEARCH CE

isarc
INTERNATIONAL SCIENCE AND ART RESEARCH CENTER
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AND INNOVATION CONGRESS

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SCIENCE AND ADVISORY COMMITTEE
Prof. Dr. Akzhanova AKMARZHAN International Information Technology University
Prof. Dr. Aparna SRIVASTA Noida International University
Prof. Dr. Atabey KILIÇ Erciyes Üniversitesi
Prof. Dr. Atilla PULUR Gazi Üniversitesi
Prof. Dr. Fatih BAŞBUĞ Akdeniz Üniversitesi
Prof. Dr. Gulmira ABDIRASSILOVA Kazakh National Women’s Teacher Training University
Prof. Dr. Nadyrov SHARIPZHAN Al-Farabi Kazakh National University
Prof. Dr. Nardanə YUSİFOVA Milli Azərbaycan Tarixi Muzeyi
Prof. Dr. Necati DEMİR Gazi Üniversitesi
Prof. Dr. Neşe YAŞAR ÇEĞİNDİR Hacı Bayram Veli Üniversitesi
Prof. Dr. Kıyakbayeva ULBOSIN Abay Kazakh National Pedagogical University
Prof. Dr. Kulay ZHAXYLIKOVA Kanysh Satpayev Kazakh National Technical University
Prof. Dr. Orazbek MAKPAL L.N. Gumilyov Eurasian National University
Prof. Dr. Rysbekov TUYAKBAY M. UtemisovWest Kazakhstan State University
Prof. Dr. Sarash KONURBAEVA Kazakh National Women’s Teacher Training University
Prof. Dr. Shintemirova BAYAN West Kazakhstan Innovative Technological University
Prof. Dr. Suleymenova ZHARKIN Kazakh National Women’s Teacher Training University
Prof. Dr. Şefik TÜFENKÇİ Van Yüzüncü Yıl Üniversitesi
Prof. Dr. Uaisova GULNAR Abai Kazakh National Pedagogical University
Prof. Dr. Zhanzakova SHOLPAN Halel Dosmukhamedov Atyrau State University
Doç. Dr. A. İnci Sökmen ALACA İstanbul Arel Üniversitesi
Doç. Dr. Ayşen ALTUN ADA Kütahya Dumlupınar Üniversitesi
Doç. Dr. Azimbaeva GULBAYRA Kazakh Natonal Women's Pedagogıcal Unıversıty
Doç. Dr. Bahadır KILCAN Gazi Üniversitesi
Doç. Dr. Fahri ERENEL İstinye Üniversitesi
Doç. Dr. Dinara FARDEEVA Rusya Bilimler Akademisi
Doç. Dr. Emine Gül Cansu ERGÜN Başkent Üniversitesi
Doç. Dr. Esra ALTINTAŞ Kafkas Üniversitesi
Doç. Dr. Fatih ÇIĞ Siirt Üniversitesi
Doç. Dr. Laura Sînziana CUCIUC ROMANESCU Ovidius University Of Constanta, Romanıa
Doç. Dr. Medeuova GALİYA Kazakh National Women's Pedagogical University
Doç. Dr. Melek AKDOĞAN GEDİK Çukurova Üniversitesi
Doç. Dr. Murat DAL Munzur Üniversitesi
Doç. Dr. Neslihan ŞAHİN Sivas Cumhuriyet Üniversitesi
Doç. Dr. Özge Altıntaş KADIRHAN Kırklareli Üniversitesi
Doç. Dr. Sabire SOYTOK Dokuz Eylül Üniversitesi
Doç. Dr. Sarash KONYRBAEVA Farabi Kazakh National University

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ISARC
2.INTERNATIONAL SCIENTIFIC RESEARCH

AND INNOVATION CONGRESS

11-12 SEPTEMBER 2021

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Iraq/ Kazakhstan/Kıbrıs/Lebanon/Malaysia/ Moldova/ Morocco/ Nigeria/ Pakistan/ Portuguese/
Saudi Arabia/ Tunisia/ Ukraine/Ürdün/Vietnam

TOTAL NUMBER OF INTERNATIONAL PAPER: 75


PAPER FROM TURKEY: 48

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11.09.2021
SATURDAY/ 13:00-15:00 MANAGEMENT

SESSION-1 HALL -2
MODERATOR: Assist. Prof. Dr. Alireza Moghaddasi
ABD:07:00-09:00 /Algeria:11:00-13:00 / Albania:12:00-14:00/Argentina:07:00-09:00 /Azerbaijan:14:00-16:00 / Benin:11:000-13:00/ Canada:06:00-

08:00 / Ethiopia:13:00-15:00 / India:15:30-17:30 /Iran:14:30-16:00/ Iraq:13:00-15:00 / Kazakhstan:16:00-18:00 Kıbrıs:13:00-15:00 /Lebanon:

13:00-15:00 /Malaysia:18:00-20:00/ Moldova:13:00-15:00 / Morocco:11:00-13:00/ Nigeria:11:00-13:00/ Pakistan:15:00-17:00/ Portuguese: 11:00-

13:00/ Saudi Arabia:13:00-15:00 / Tunisia:11:00-13:00/ Ukraine:13:00-15:00 /Ürdün:13:00-15:00 /Vietnam:17:00-19:00

AUTHORS AFFILIATION TOPIC TITLE

Carole Serhan University of Organizational Commitment And Turnover


Nehmeh Nehmeh Balamand,Lebanon Intentions: Empirical Evidence From Lebanon
Ibrahim Sioufi During The Economic Downturn
Dr. Vikram Singh Chouhan Jaypee University/India A study of Work-life Balance and Job Satisfaction of
Employees
Assist. Prof. Dr. Alireza Moghaddasi Imam Reza International Decision Integration, Synchronization, Supply Chain
University, Iran Capabilities And Competitive Advantage İn Iranian
Retailing Sector
Ph.D Research Scholar M.K. GANESHAN Alagappa University, India Future Of Crytocurrency And Blockchain
Technology
Ismail Olufemi Amusat University of Lagos, Nigeria/ Utilization of Corporate Social Responsibility as A
Jolaolu Olumide Oyeleye Lagos State Polytechnic, Strategic Tool for Increased Marketing Performance
Titus Olugbemileke Sanyaolu Nigeria of the Nigerian Business Environment
Ismail Olufemi Amusat University of Lagos, Nigeria/ Effects of Experiential Marketing on Brand
Jolaolu Olumide Oyeleye Lagos State Polytechnic, Recognition and Customer Retention of Automobile
Titus Olugbemileke Sanyaolu Nigeria Users
Lanke Benedict AWOMAILO Yaba College of Technology, Influence of Achievement Motivation on
Sunday OJEDIRAN Nigeria Entrepreneurial Performance. A Study of selected
Johnson O. AYENI small, medium enterprises in Ikorodu, Lagos Nigeria
Tho Vo Thi Be Nam Can Tho University/ Economic Approaches And Theoretical Bases For
Khiem Nguyen Tri Sustainable Value Chaın Development: A Case Study
Can Tho University
Tien Dung Khong Of Lotus In Vietnam
Herman Shah bin Anuar Universiti Utara Malaysia Safety Awareness At Sea: Perspectives From Marine
Zahuren bin Teh (UUM), Malaysia/Royal Unit, Royal Malaysian Custom Department
Malaysia Custom
Department, RMCD,
Malaysia

www.isarconference.org 2. INTERNATIONAL SCIENTIFIC RESEARCH AND INNOVATION CONGRESS 21- 22/08/2021


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PHOTO GALERY

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FUTURE OF CRYTOCURRENCY AND BLOCKCHAIN TECHNOLOGY .......................................................125
Ph. D Research Scholar, M. K. GANESHAN
UTILIZATION OF CORPORATE SOCIAL RESPONSIBILITY AS A STRATEGIC TOOL FOR INCREASED
MARKETING PERFORMANCE OF THE NIGERIAN BUSINESS
ENVIRONMENT ........................................................................................................................................................135
Ismail Olufemi Amusat, Jolaolu Olumide Oyeleye, Titus Olugbemileke Sanyaolu
EFFECTS OF EXPERIENTIAL MARKETING ON BRAND RECOGNITION AND CUSTOMER RETENTION
OF AUTOMOBILE USERS .......................................................................................................................................145
Ismail Olufemi Amusat, Jolaolu Olumide Oyeleye, Titus Olugbemileke Sanyaolu
INFLUENCE OF ACHIEVEMENT MOTIVATION ON ENTREPRENEURIAL PERFORMANCE. AÖSTUDY
OF SELECTED SMALL, MEDIUM ENTERPRISES IN IKORODU, LAGOS
NIGERIA......................................................................................................................................................................158
Lanke Benedict AWOMAILO, Sunday OJEDIRAN, Johnson O. AYENI
ECONOMIC APPROACHES AND THEORETICAL BASES FOR SUSTAINABLE VALUE CHAIN
DEVELOPMENT: A CASE STUDY OF LOTUS IN VIETNAM ...........................................................................159
Tho Vo Thi Be, Khiem Nguyen Tri, Tien Dung Khong
SAFETY AWARENESS AT SEA: PERSPECTIVES FROM MARINE UNIT, ROYAL MALAYSIAN CUSTOM
DEPARTMENT ...........................................................................................................................................................172
Herman Shah bin Anuar, Zahuren bin Teh
SİİRT KOŞULLARINDA AYÇİÇEĞİ (Helianthus Annuus L.) BİTKİSİNİN İKİ FARKLI YÖNTEM İLE BİTKİ
SU TÜKETİMİNİN SAPTANMASI ..........................................................................................................................188
Ali Beyhan UÇAK
INVASIVE ALIEN SPECIES IN TEHSIL BILLAWAR OF DISTRICT KATHUA, JAMMU AND KASHMIR,
INDIA ...........................................................................................................................................................................195
Sanjeev Kumar Gupta, Dr. R.K. Manhas
BERBERIS VUGARIS (BERBERIDACEAE) EXTRACT EFFECTS IN LEAD INTOXICATED MICE ..........196
Jawhar LAAMECH, Abdelkader Jalil EL HANGOUCHE, Saad CHAKKOR, Jaouad EL-HILALY,
Hamadi FETOUI, Yassine CHTOUROU, Badiaa LYOUSSI
ENVIRONEMENTAL IMPACT OF CHRONIC EXPOSURE TO TRACE ELEMENTS IN TENEEGERS ....198
Jawhar LAAMECH, Abdelkader Jalil EL HANGOUCHE, Youssra AMEKRAN, Saad CHAKKOR,
Adil NAJDI, Abdenbi BEN DRISS, El Khalil BEN DRISS, Adnane LOUAJRI, Badiaa LYOUSSI
AMASYA İLİNDE TOPRAK TARIMI ÇİFTÇİLERİNİN ORGANİK TARIM ANLAYIŞI ..............................200
Mehmet AKSOY, Başaran KARADEMİR, İbrahim Hakkı KADİRHANOĞULLARI
Lavandula stoechas L. (KARABAŞ OTU) BİTKİSİNİN KİMYASAL İÇERİĞİNİN BELİRLENMESİ ............202
Oğuzhan KOÇER
EVALUATION OF DROUGHT TOLERANCE IN SIXTEEN DURUM WHEAT UNDER FIELD CONDITIONS
IN THE SAIS REGION...............................................................................................................................................204
SAGHOURI EL IDRISSI Imane, SELLAMI Wafae, KETTANI Rajae, FERRAHI Moha,BRHADDA Najiba
www.isarconference.org 2. INTERNATIONAL SCIENTIFIC RESEARCH AND INNOVATION CONGRESS 11- 12/09/2021
--xxviii--
FUTURE OF CRYTOCURRENCY AND BLOCKCHAIN TECHNOLOGY
Ph. D Research Scholar, M. K. GANESHAN
Alagappa Institute of Management, School of Management, Alagappa University, Karaikudi – 630 003, Sivagangai District, Tamil
Nadu, India.

ABSTRACT

Cryptocurrencies use decentralized control which means that they cannot be controlled by one person or
government. Cryptocurrencies are the buzzword from the global perspective and it is also called digital
currencies. It makes trading through the financial market easily converting investment and trading all over the
globe or world. It is secure and safe where doing investment or trading business. Speculative investment,
without much history on which to base predictions and stick to more conventional investments for long-term
wealth building. Because Bitcoin is the largest cryptocurrency by market value, and the rest of the market tends
to follow its patterns, Bitcoin futures are a reliable indication of the crypto market in general. Bitcoin prices
have gone from a peak of $60,000 in April to a low of less than $30,000 as recently as July in 2021. Bitcoin has
just surged back toward $50,000. Because of this volatility, experts recommend that you limit your crypto
investments to less than 5% of your overall portfolio at first. There will be seven contenders for the greatest
crypto coin. Robinhood, eToro, CashApp, PayPal, Coinbase, and Kraken are some of the best bitcoin trading
apps. The value of Bitcoin has risen in lockstep with its popularity. Five years ago, a Bitcoin could be purchased
for roughly $500. In August 2021, a single Bitcoin was worth more than $45,000. That's an almost 8,900 percent
rise. This study is based on secondary data gathered from search engine websites. Traditional asset classes such
as stocks, currencies, and commodities have little exposure to cryptocurrency returns. These findings call into
question conventional arguments that cryptocurrencies' behavior is influenced by their functions as a stock-like
investment in the future of blockchain technology, a unit of account comparable to currencies, or a store of
value similar to precious metals.

Keywords: bitcoin, digital currency, electronic, trading, investment

Introduction

Blockchain technology means a shared, immutable ledger – a digital technology that will forever change the
world! Blockchain is a distributed, decentralized, public ledger that records the provenance of digital asset. The
term "blockchain" has arisen as a potentially transformative force in government and business sector processes.
Its potential has been recognized globally, with a variety of international organizations and technology
companies highlighting the benefits of its application in reducing costs of operation and compliance, as well as
in improving efficiencies. While the technical underpinnings of the technology can be scary to a big section of
policy and decision makers, blockchain can make it easier for businesses to collaborate and for our citizens to

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live by introducing openness across government and private sector interfaces. Speculative investment, without
much history on which to base predictions and stick to more conventional investments for long-term wealth
building. Because Bitcoin is the largest cryptocurrency by market value, and the rest of the market tends to
follow its patterns, Bitcoin futures are a reliable indication of the crypto market in general. Bitcoin prices have
gone from a peak of $60,000 in April to a low of less than $30,000 as recently as July in 2021. Bitcoin has just
surged back toward $50,000. Because of this volatility, experts recommend that you limit your crypto
investments to less than 5% of your overall portfolio at first. There will be seven contenders for the greatest
crypto coin.

Objective Of The Study


1. To study the concept of bitcoin, blockchain technology, and crypto currency
2. To know about the technology benefits of cryptocurrency.
3. To study the current status of India’s cryptocurrency.
4. To study the future of cryptocurrency and blockchain technology.

Research Methodology

Secondary data has been used. Data has been collected from various journals, websites, and books being a new
concept, and as it is not being used too frequently worldwide, thus it was quite difficult to collect the data easily.
Secondary data was also not readily available.

Definition

To understand the power of blockchain systems, and the things they can do, it is important to distinguish
between three things that are commonly muddled up, namely the bitcoin currency, the specific blockchain that
underpins it, and the idea of blockchains in general.” The Trust Machine, THE ECONOMIST, Oct. 31, 2015.

• Bitcoin has a future in more countries, young people positive about cryptocurrency- Cardano Founder.
• After bitcoin, these alternative Cryptocurrencies may see a surge in the future- NDTV.com
• Cryptocurrencies have a future, may become effective means of payment. Former Governor RBI-
Raghuram Rajan
• Cryptocurrency will take over Rupees and Dollar in future- Analytics Insight
• Agreed this is not the time to pick technology winners or losers in cryptocurrency technology. There is
no crisis that compels hastly legislation- Elan Musk

Bockchain Techology

Blockchain is a new technology that has emerged with the appearance of Bitcoin, which has added a new way

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of dealing financially. Based on the success of this technique with the idea of bitcoin, the technique has been
relied upon and applied gradually in various activities, whether governmental or private, and received the
confidence and satisfaction of customers. It is a software protocol similar to SMTP is for electronic mail. Meta
Technology or a meta coin platform is an information technology infrastructure that enables a digital currency
and its digital asset transactions and Peers to peer electronic cash system. A method of recording and preserving
a shared or distributed ledger and its transactions over a digital network, as well as tracking the movement of
any asset on the ledger in seconds or minutes. Networks can be “uncommissioned” (open to anyone) or
“permissioned” (restricted). A house, automobile, land, cash, patents, copyrights, or intellectual property are
examples of tangible, intangible, or digital assets. A blockchain is a type of digital operating system that allows
many different applications to operate on it. Similar to internet operating systems, e.g. Microsoft Windows or
MacOS. There are various Sectors using this technology like Banks, Health Care, Medicines, Insurance, Smart
Properties, Automobiles, Government, Media, Marketing, logistics Cybersecurity, etc.

Purpose Of The Study

The basic goal of cryptocurrency is to overcome the problems of traditional currencies by giving currency
holders greater authority and responsibility. All cryptocurrencies follow the five properties and three functions
of money, and they all try to solve one or more real-world problems.

Scope And Limitation Of The Study

1. The study confines cryptocurrency, stocks, and investment.


2. Data available only in USD.
3. Few cryptocurrencies have a history life of less than 5 years.
4. Developing countries are using these cryptocurrencies only after developed countries have used and
accepted them.
Bitcoin
In 2009, a digital or virtual currency was invented that employs peer-to-peer technology to make immediate
payments possible. Satoshi Nakammoto- the name used by the creator of the protocol used in the bitcoin
cryptocurrency. In a seminal white paper in 2008, at the height of the US sub-prime mortgage crisis, an
anonymous author, or group of authors, spending the pseudonym Satoshi Nakamto, explained the operation of
a blockchain that supported the conception and procedure of a virtual currency. Satoshi Nakamoto, an
anonymous individual, created Bitcoin in 2009. Bitcoin is a Peer-to-Peer technology that is not governed by
any central authority or banks. At the moment, Bitcoins are issued and transactions are managed by the network
as a whole. It is presently the dominant cryptocurrency in the world. It is open source and designed for the
general public means nobody owns control of Bitcoin. In actuality, only 21 million Bitcoins have been issued.

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Bitcoin currently has a market capitalization of $12 billion.

How Block Chain Works

1. A blockchain stores data in blocks linked together to form a chain.


2. As the number of digital transactions grows, the blockchain also grows.
3. The time and sequence of transactions are recorded and confirmed in blocks, which are logged into the
blockchain within a discrete network.
4. This network is governed by rules agreed on by the network participants (Gupta, 2018).

Blockchain Businesses and Markets

Provide tracking information for business or governmental activity using blockchain or distributed ledger
technologies. A private, permission network where identities are often known and without the need for
cryptocurrencies.

Structure Of Blockchain Technology

Main Data Depending on the kind of service in which this blockchain is applicable, for example, transaction
records, bank clearing records, contract records or IOT data record.

Hash -When a transaction executed, it had been hash to a code and then transmitted to each node. Because it
could contain thousands of transaction records in each node’s block, blockchain used Merkle tree function to
produce a final hash value, and also Merkle tree root. A block also has a hash and fingerprint which is unique
to each block. It uniquely identifies a block and all of its contents, similar to a fingerprint. As a result, once a
block is created, any change within the block will modify the hash.

Advantages Of Blockchain Technology

Efficient: Transaction information is recorded once and is immediately available to all parties through a
distributed network with each participant acting as a publisher and subscriber. (Peer-to-peer replication)

Cost-effective: Eliminates the need for intermediaries. (Cuts out third parties)

Reliable: After being transacted and recorded on the blockchain network's digital ledger, information becomes
immutable. (Invariable, fixed, and permanent data)

Secure and safe: Since the underlying transferred ledger cannot be changed; a change can only be made via
another transaction, and both transactions would be visible.

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Finality: A single, shared ledger is used to track transaction ownership and completion.

Table 1. Advantages and Disadvantage of Blockchain Technology


Advantages Disadvantages
❖ Resilience ❖ Higher cost
❖ Decentralize ❖ Slower transactions
❖ Time reducing ❖ Small ledger
❖ Unalterable transaction ❖ Persil error
❖ Some detriment of utilized technology

(Source: Secondary data)


Table 2. Version and Uses of Blockchain Technology
Three Version Uses of Blockchain Technology

1. Currency 1.0
1.Financial controls
2. Smart contracts 2.0
3. DApps 3.0 2.Assets tracking
3.Payment system
4. Digital identity

(Source: Secondary data)

Future Of Blockchain Technology

In 2022 at least one innovative business built on blockchain technology will be worth dollar 10 billion. By 2026,
the commercial value added by blockchain will have risen to slightly over 360 billion dollars, and by 2030, it
will have risen to more than 3.1 trillion dollars. Bitcoin will be worth in 2030 just 4.8 % believed that it had the
potential to be to be worth more than $ 500,000 while 5.5 %set a range of between $100,000 and $ 50,000.

Cryptocurrency

A cryptocurrency is one medium of exchange like traditional currencies such as USD, but it is designed to
exchange digital information through a process made possible by certain principles of cryptography. A
cryptocurrency is a type of digital currency that falls under the umbrella of alternative and virtual currencies.
Cryptocurrency is a digital cryptography-based bearer instrument. In this type of cryptocurrency, the currency
is owned by the person who holds it. There was no other record of the owner's identity. Wei Dai released "B-
Money," an anonymous, distributed electronic cash system, in 1998. Digital currency that has no central
monetary authority. They have shared ledgers that can be used to record any transaction and track the movement
of any asset internationally. The effectiveness and efficiency of this ledger are the basis of a cryptocurrency
value. People and businesses all across the world use special software in a peer-to-peer computer network to

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"mine" them on running machines. Current Major Cryptocurrencies (Over 1000), Bitcoin, Ethereum, Litecoin,
XRP (Ripple).

Table 3. The Evoluation Of Currency


Currency and Monetary Exchange over the Types of Currency Types of Blockchain Technology-
Ages Cryptocurrency

1. Fiat Currency – National


1.Barter 1. Digital Currency
metal and paper currency
2.Gold 2. Alt Currency – Various 2. Virtual Currency
cryptocurrencies
3.Metal Coin 3. Characterized by peer-to-peer
4.Paper Money exchange
5.Plastic Card
6.Electronic Transfers of Money
7.Cryptocurrency
(Sources: secondary data -Evolution of Currency and Type of Crytocurrency)

Cryptocurrency: Is It The Next Logical Step In The Evolution Of Money?

Limitations of cash and fiat currency transactions:

❖ Useful for small-scale local transactions.


❖ The prolonged time between transactions and settlement.
❖ Need for third-party validation of available funds except for cash transactions. (Inefficient and costly).
❖ Vetting credit card transactions are costly, time-consuming, and includes intermediary fees.
❖ Half of the world’s population has no access to bank accounts.
❖ A central finance system, e.g. banks, add cost and risk of fraud, cyber attacks, and mistakes.

Types Of Cryptocurrences

 Token – A cryptocurrencies that is built on another blockchain. A token represent an asset or utility for
specific project and are sold during the first public sale for a project.( Initial coin offerings)
 Coins- A cryptocurrency that has it own blockchain such as bitcoin, ethereum, litecoin or Ripple.

Top Cryptocurrencies

❖ Bitcoin (BTC) Market cap: Over $856 billion.


❖ Ethereum (ETH) Market cap: Over $357 billion.
❖ Binance Coin (BNB) Market cap: Over $70 billion.
❖ Cardano (ADA) Market cap: Over $69 billion.
❖ Tether (USDT) Market cap: Over $64 billion.
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❖ XRP (XRP) Market cap: Over $52 billion.
❖ Dogecoin (DOGE)
❖ USD Coin (USDC)

Figure 1. Symbols Of Cryptocurrency

Figure 2. Cryptocurrency Prices By Market Cap On17th July 2021

(Source: https://coinmarketcap.com)

Disadvantages Of Cryptocurrecies

➢ The range of applications for cryptocurrency.


➢ Volatility in value.
➢ The limited ability of the public to understanding, value, access, and manage cryptocurrencies.
➢ Virtual and cryptocurrencies pose risks as potential vehicles for money laundering, tax evasion, and
fraud.

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➢ The development of effective regulatory responses to virtual and cryptocurrencies are at an early stage
as they operate on a global scale.

Key Business Benefits

➢ Time savings and cost savings.


➢ Enhanced privacy of transactions.
➢ Tighter Security: A “permission” network protects network participants against tampering, fraud, and
cybercrime.
➢ Users can choose which transaction data they wish other network participants to see using IDs and
permissions.
➢ Transactions are more auditable, resulting in increased trust across the company network.
Digitalization simplifies the transfer of ownership, improves privacy, and opens up new opportunities.
➢ Cryptographic proof of a set of transactions since they are tamper-proof.

India- Crytocurrency

India- bitcoin and other cryptocurrency are not illegal in India but are unregulated. The government also intends
to introduce cryptocurrencies and regulate it through the “Official Digital Currency Bill, 2021,” which is
expected to definitively clarify the government's position. Crypto investments in the country grew from $ 923
million to nearly $ 6.6 billion by May 2021.

Bitcoin Price Change

(Figure 3 Price of Bitcoin Changed (Bitcoin as experienced heady highs and sudden lows since its creation in
2009)
Future Aspect

 Traceability of other transports with cheaper sensors or with less data


 Feed the Blockchain with Factory data or from pickups
 Join the Blockchain to the loyalty plan to keep data to customers

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 Involve the channel distribution in the chain of blocks for more information and knowing better each
product
 Use the Blockchain as a contractual guarantee element.

(Figure 4.Source: Slideshare.net)

The Future of Blockchain Technology in Nursing Academia and Healthcare

For managing: Healthcare and academics require more efficient, secure, and cost-effective systems.
 Medical and student records
 Preauthorizing payments
 Transfer of payments
 Settling insurance claims

 Recording and transmitting-Patient data, Student data, Research data

CONCLUSION

Every transaction is recorded in an immutable and permanent manner using blockchain technology. According
to an early survey-based assessment from the World Economic Forum, almost 10% of global gross domestic
product (GDP) is anticipated to be held on the blockchain by 2027, alluding to the technology's predicted
eventual popularisation by traditional markets. The paper, titled "Deep Shift Technology: Tipping Points and
Societal Impact," presents a picture of expectations from a community of over 800 executives and specialists
in the ICT sector. Dubai is the smart city, meant client keeping in memory, Avoid fraudulent and forgery
activities, Removing the involvement of third parties in any transactions, Improve technology to field of
industries and it change world manner, Emerging market practice, Collaborative economy, Social network like
facebook, twitter, and Instagram. A cryptocurrency is digital or virtual currency that is secured by cryptography,

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which makes it nearly impossible to counterfeit or doubt spend many cryptocurrencies are decentralized
networks based on blockchain technology, a distributed ledger enforced by a disparate network of computers.
“The blockchain technology, still in its early years, has thrown down the gauntlet in front of the current systems,
challing them to overhaul.” (Prableen Bajnai, 2016). The researchers, developers, and practitioners to continue
to educate the general public, especially business leaders, on the benefits of blockchain technology.
Cryptocurrency will lot of stability which will make it easily transferable, and a store of value that will make it
more used by businesses, the government, and everyone as a part of everyday life.

REFERENCES
1. Androulaki, E., Karame, G. and Roeschlin, M., (2012), Evaluating User Privacy in Bitcoin, IACR Cryptology E-print Archive, pp.
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2. Gangeshwer, D. K., (2013), ‘E-Commerce or Internet Marketing: A Business Review from Indian Context’, International Journal
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3. Malhotra, Yogesh, (2014), Bitcoin Protocol: Model of ‘Cryptographic Proof’ Based Global CryptoCurrency & Electronic Payments
System.
4. Moore, T. and Christin, N., (2014), Beware the Middleman: Empirical Analysis of BitcoinExchange Risk, In Proceedings of
Financial Cryptography.
5. Reserve Bank of India, (2013), RBI Cautions Users of Virtual Currencies Against Risks, Press Release.
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7. Satoshi Nakamoto (2008), Bitcoin: A Peer-to-Peer Electronic Cash System satoshin@gmx.com www.bitcoin.org, pp 1-9
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