Blockchain in Development, Part II : How It Can Impact Emerging Markets

Blockchain in Development, Part II : How It Can Impact Emerging Markets

Blockchain is an innovative new technology with the power to disrupt existing economic and business models, as discussed in EMCompass note 40. Blockchain also has enormous potential for emerging markets. These nations appear poised for a more rapid...

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Bibliographic Details
Main Author: Niforos, Marina
Format: Brief
Language:English
Published: International Finance Corporation, Washington, DC 2018
Subjects:
BLOCKCHAIN
DISTRIBUTED LEDGER TECHNOLOGY
EMERGING MARKET ECONOMIES
FINANCIAL TECHNOLOGY
TECHNOLOGY ADOPTION
INNOVATION
SMART CONTRACTS
DATA PRIVACY
REGULATION
Online Access:http://documents.worldbank.org/curated/en/649111502949149231/Blockchain-in-development-part-II-how-it-can-impact-emerging-markets
http://hdl.handle.net/10986/30367
id okr-10986-30367
recordtype oai_dc
spelling okr-10986-303672021-05-25T10:54:41Z Blockchain in Development, Part II : How It Can Impact Emerging Markets Niforos, Marina BLOCKCHAIN DISTRIBUTED LEDGER TECHNOLOGY EMERGING MARKET ECONOMIES FINANCIAL TECHNOLOGY TECHNOLOGY ADOPTION INNOVATION SMART CONTRACTS DATA PRIVACY REGULATION Blockchain is an innovative new technology with the power to disrupt existing economic and business models, as discussed in EMCompass note 40. Blockchain also has enormous potential for emerging markets. These nations appear poised for a more rapid adoption of blockchain, though a framework is needed to assess how the technology can be deployed and which applications and use cases are likely to be seen in the near future. While the potential of blockchain is great, the technology is still at an early stage of development and will need to overcome potential setbacks - technical, regulatory, and organizational - before it becomes mainstream. In such a context of uncertainty, companies in emerging markets can neither afford to wait until the outcome is evident nor expose their existing business models to overly risky wholescale blockchain initiatives. Instead, they will need to adopt an experimental approach that allows them to develop options and thereby learn in the process, inform their strategies, and improve their value propositions. 2018-09-06T19:31:25Z 2018-09-06T19:31:25Z 2017-07 Brief http://documents.worldbank.org/curated/en/649111502949149231/Blockchain-in-development-part-II-how-it-can-impact-emerging-markets http://hdl.handle.net/10986/30367 English EMCompass,no. 41; CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo International Finance Corporation International Finance Corporation, Washington, DC Publications & Research Publications & Research :: Brief
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic BLOCKCHAIN
DISTRIBUTED LEDGER TECHNOLOGY
EMERGING MARKET ECONOMIES
FINANCIAL TECHNOLOGY
TECHNOLOGY ADOPTION
INNOVATION
SMART CONTRACTS
DATA PRIVACY
REGULATION
spellingShingle BLOCKCHAIN
DISTRIBUTED LEDGER TECHNOLOGY
EMERGING MARKET ECONOMIES
FINANCIAL TECHNOLOGY
TECHNOLOGY ADOPTION
INNOVATION
SMART CONTRACTS
DATA PRIVACY
REGULATION
Niforos, Marina
Blockchain in Development, Part II : How It Can Impact Emerging Markets
relation EMCompass,no. 41;
description Blockchain is an innovative new technology with the power to disrupt existing economic and business models, as discussed in EMCompass note 40. Blockchain also has enormous potential for emerging markets. These nations appear poised for a more rapid adoption of blockchain, though a framework is needed to assess how the technology can be deployed and which applications and use cases are likely to be seen in the near future. While the potential of blockchain is great, the technology is still at an early stage of development and will need to overcome potential setbacks - technical, regulatory, and organizational - before it becomes mainstream. In such a context of uncertainty, companies in emerging markets can neither afford to wait until the outcome is evident nor expose their existing business models to overly risky wholescale blockchain initiatives. Instead, they will need to adopt an experimental approach that allows them to develop options and thereby learn in the process, inform their strategies, and improve their value propositions.
format Brief
author Niforos, Marina
author_facet Niforos, Marina
author_sort Niforos, Marina
title Blockchain in Development, Part II : How It Can Impact Emerging Markets
title_short Blockchain in Development, Part II : How It Can Impact Emerging Markets
title_full Blockchain in Development, Part II : How It Can Impact Emerging Markets
title_fullStr Blockchain in Development, Part II : How It Can Impact Emerging Markets
title_full_unstemmed Blockchain in Development, Part II : How It Can Impact Emerging Markets
title_sort blockchain in development, part ii : how it can impact emerging markets
publisher International Finance Corporation, Washington, DC
publishDate 2018
url http://documents.worldbank.org/curated/en/649111502949149231/Blockchain-in-development-part-II-how-it-can-impact-emerging-markets
http://hdl.handle.net/10986/30367
_version_ 1764471805829971968

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