scholarly journals Prospects for the creation of national and supranational cryptocurrencies in the BRICS countries

Upravlenie ◽  
2019 ◽  
Vol 7 (2) ◽  
pp. 115-123
Author(s):  
O. M. Makhalina ◽  
V. N. Makhalina
Keyword(s):  
Data Storage ◽  
Subsequent Development ◽  
Goods And Services ◽  
Brics Countries ◽  
Monetary System ◽  
Blockchain Technology ◽  
National Currencies ◽  
Crypto Currency ◽  
The Creation ◽  
Development And Management

The article proposes to carry out the process of developing a new financial system of the BRICS States in the following sequence: to transfer foreign trade between the States to settlements in national currencies, with the subsequent development of its own unit of account, which will subsequently be able to replace the dollar and the Euro in mutual settlements within the BRICS; develop your own cryptocurrency or choose one of the existing cryptocurrencies, which for a certain period will be one of the possible elements of the settlement mechanism in the mutual trade of these five countries; to develop supra-national crypto-currency for the countries members of the BRICS. This process will be very complex, as it will require many technological, macroeconomic and organizational challenges.To solve the problem of building a new financial and monetary system of the BRICS countries, the article analyzes the actual level of digitalization of financial activities in the countries of the Association, on the basis of which proposals are developed and the following conclusions are formulated: crypto-currency operations are not completely prohibited in any of the States of the Association, and the prohibitions apply only to certain operations (ISO, mining, exchanges). Cryptocurrency is not recognized as a legal means of payment; in the BRICS countries there are no own, national cryptocurrencies, and only projects of future cryptocurrencies are developed, taking into account the features of the set goalsof economic development and management of cryptocurrency activities; the countries of the Association do not abandon the use of blockchain technology in the field of economy and Finance, as it ensures the openness and security of data storage, the creation of centralized exchanges, the exchange of goods and services; the BRICS countries should be interested in a gradual shift away from dollar dependence. The instruments of this movement are the national currency, its own, internal unit of account, its own national cryptocurrency, supranational cryptocurrency.

Blockchain Technology

2019 ◽  
pp. 86-109
Author(s):  
Tarek Taha Kandil ◽  
Shereen Nassar ◽  
Mohamed Taysir
Keyword(s):  
Legal System ◽  
Business Models ◽  
New Technologies ◽  
Smart Contracts ◽  
New Approach ◽  
Blockchain Technology ◽  
Crypto Currency ◽  
The Creation

Blockchain technology starts to reconfigure all aspects of society to make it clear and beneficial for the legal system. The chapter introduces “The Blockchain Revolution” in categories 1.0, 2.0, and 3.0; in the form of analyzing the use of the technology that is being applied in new innovative business models, Blockchain 1.0 starts with the creation of the first blockchain and the introduction of the technology in the “Bitcoin Whitepaper,” the crypto-currency model, via Bitcoin's application in services related to cash, payments, and transfers. Blockchain 2.0 starts with the indication that using smart contracts on blockchains will be available via the development of syntax (i.e., “solidity” that would enable developers to create solutions with blockchain technology at the backend). The chapter explores the feature of the new disruptive business models-based blockchain technology as a new approach in delivering business products and services. In the chapter, the authors explore the new technologies raised in different fields of business.

scholarly journals Enhancing Supply Chain Management Using Blockchain Technology

2019 ◽  
Vol 8 (6) ◽  
pp. 4657-4661 ◽  
Keyword(s):  
Supply Chain ◽  
Supply Chain Management ◽  
Case Studies ◽  
Access To Information ◽  
Chain Management ◽  
Permanent Record ◽  
Goods And Services ◽  
Blockchain Technology ◽  
Data Transparency ◽  
The Creation

Blockchain technology is emerging in every field. Blockchain is a constantly growing ledger that keeps a permanent record of all the transactions that have taken place in a distributed, decentralized and immutable way. Supply Chain Management is a broad range of activities that involve the management of the flow of goods and services, from the point of inception to the point of consumption. Blockchain technology can i) assure provenance tracking and traceability across the supply chain management ii) improves the quantity, quality and access to information at every step of the way across the chain iii) provides a more transparent way to provide data or information at a given instance of time. Blockchain technology can also be adapted in the supply chain management to overcome its disadvantages. The paper shows different case studies where the benefits of applying blockchain technology in supply chain management are appealing that has shown many benefits. It highlights the cases that have reduced fraud and errors; mitigate risks and provide data transparency and privacy, etc. The paper shows the creation of a general blockchain network and the information passing mechanism which is used to pass the information among the participants across the supply chain. With information passing mechanism we can provide data transparency to the consumers across the supply chain.

Blockchain Technology

2021 ◽  
pp. 1061-1084
Author(s):  
Tarek Taha Kandil ◽  
Shereen Nassar ◽  
Mohamed Taysir
Keyword(s):  
Legal System ◽  
Business Models ◽  
New Technologies ◽  
Smart Contracts ◽  
New Approach ◽  
Blockchain Technology ◽  
Crypto Currency ◽  
The Creation

Blockchain technology starts to reconfigure all aspects of society to make it clear and beneficial for the legal system. The chapter introduces “The Blockchain Revolution” in categories 1.0, 2.0, and 3.0; in the form of analyzing the use of the technology that is being applied in new innovative business models, Blockchain 1.0 starts with the creation of the first blockchain and the introduction of the technology in the “Bitcoin Whitepaper,” the crypto-currency model, via Bitcoin's application in services related to cash, payments, and transfers. Blockchain 2.0 starts with the indication that using smart contracts on blockchains will be available via the development of syntax (i.e., “solidity” that would enable developers to create solutions with blockchain technology at the backend). The chapter explores the feature of the new disruptive business models-based blockchain technology as a new approach in delivering business products and services. In the chapter, the authors explore the new technologies raised in different fields of business.

Activity of public control entities and development of distributed computing and distributed data storage systems

2018 ◽  
pp. 14-22
Author(s):  
D. V. Gribanov
Keyword(s):  
Distributed Computing ◽  
Data Storage ◽  
Storage Systems ◽  
Legal Regulation ◽  
Distributed Data ◽  
Distributed Data Storage ◽  
Public Control ◽  
Blockchain Technology ◽  
Legal Method ◽  
Digital Assets

Introduction. This article is devoted to legal regulation of digital assets turnover, utilization possibilities of distributed computing and distributed data storage systems in activities of public authorities and entities of public control. The author notes that some national and foreign scientists who study a “blockchain” technology (distributed computing and distributed data storage systems) emphasize its usefulness in different activities. Data validation procedure of digital transactions, legal regulation of creation, issuance and turnover of digital assets need further attention.Materials and methods. The research is based on common scientific (analysis, analogy, comparing) and particular methods of cognition of legal phenomena and processes (a method of interpretation of legal rules, a technical legal method, a formal legal method and a formal logical one).Results of the study. The author conducted an analysis which resulted in finding some advantages of the use of the “blockchain” technology in the sphere of public control which are as follows: a particular validation system; data that once were entered in the system of distributed data storage cannot be erased or forged; absolute transparency of succession of actions while exercising governing powers; automatic repeat of recurring actions. The need of fivefold validation of exercising governing powers is substantiated. The author stresses that the fivefold validation shall ensure complex control over exercising of powers by the civil society, the entities of public control and the Russian Federation as a federal state holding sovereignty over its territory. The author has also conducted a brief analysis of judicial decisions concerning digital transactions.Discussion and conclusion. The use of the distributed data storage system makes it easier to exercise control due to the decrease of risks of forge, replacement or termination of data. The author suggests defining digital transaction not only as some actions with digital assets, but also as actions toward modification and addition of information about legal facts with a purpose of its establishment in the systems of distributed data storage. The author suggests using the systems of distributed data storage for independent validation of information about activities of the bodies of state authority. In the author’s opinion, application of the “blockchain” technology may result not only in the increase of efficiency of public control, but also in the creation of a new form of public control – automatic control. It is concluded there is no legislation basis for regulation of legal relations concerning distributed data storage today.

scholarly journals The Divine Feminine Presence in Ibn ‘Arabi and Moses de Leon

Religions ◽  
2021 ◽  
Vol 12 (3) ◽  
pp. 156
Author(s):  
Julia Alonso
Keyword(s):  
Germinal Vesicle ◽  
Subsequent Development ◽  
Tree Of Life ◽  
Human Being ◽  
Divine Feminine ◽  
Common Goal ◽  
Sacred Geometry ◽  
The Creation ◽  
Ibn Arabi

This paper is an investigation of the divine feminine power as depicted in the texts of Hispanic mystics from Sufi, Hebrew, and Christian traditions. This work is intended to investigate the origin and subsequent development of a transcendent reconciliation of polarity, its diverse manifestations, and the attainment of a common goal, the quintessential of the Perfect Human Being. The architect of the encounter that leads to Union is “Sophia.” She is the Secret. Only those who are able to discern Her own immeasurable dimension may contemplate the Lady who dwells in the sacred geometry of the abyss. Sophia is linked to the hermetic Word, She is allusive, clandestine, poetic, and pregnant with symbols, gnostic resonances, and musical murmurs that conduct the “traveler” through dwellings and stations towards an ancient Sophianic knowledge that leads to the “germinal vesicle,” the “inner wine cellar,” to the Initium, to the Motherland. She is the Mater filius sapientae, who through an alchemical transmutation becomes a song to the absent Sophia whose Presence can only be intuited. Present throughout the Creation, Sophia is the axis around which the poetics of the Taryuman al-ashwaq rotates and the kabbalistic Tree of Life is structured.

Blockchain Encryption on Student Academic Transcripts using a Smart Contract

2021 ◽  
Author(s):  
Primasatria Edastama ◽  
Ninda Lutfiani ◽  
Qurotul Aini ◽  
Suryari Purnama ◽  
Isabella Yaumil Annisa
Keyword(s):  
Data Storage ◽  
Storage System ◽  
Digital Data ◽  
Decentralized System ◽  
Blockchain Technology ◽  
Educational Environments ◽  
The World ◽  
Technology Applications ◽  
E Learning ◽  
Data Storage System

As an innovation in the world of computers, blockchain has many benefits and is also widely applied in the world of education. Blockchain itself has many advantages, especially in the world of education. Blockchain is a digital data storage system that consists of many servers (multiserver). In this Blockchain technology, data created by one server can be replicated and verified by another server. By using this technology with a decentralized system and strong cryptography and can help colleges or universities to build infrastructure in the archive storage of transcripts, diplomas, and diplomas. Usage One of the blockchain technology applications in education is iBC, namely the e-learning Blockchain Certificate, book copyright, and also e-Portfolios. iBC or e-learning Blockchain Certificate is a tool designed to create, verify and also issue blockchain certificates. As has been supported by the IBC to create certificates that are globally verified and stored in a decentralized manner. Here will be presented use cases that are relevant in the use of Blockchain technology in educational environments, especially data processing in universities and we also try to design an IBC based on blockchain technology that can be used to support transparency and accountability of colleges or universities in issuing diplomas and grades. 

scholarly journals Crypto currency's "economic nature" in the light of new monetary theory

2021 ◽  
Vol 34 (01) ◽  
pp. 258-269
Author(s):  
Vyacheslav I. Karpunin ◽  
Tatiana S. Novashina
Keyword(s):  
Economic Model ◽  
International Monetary System ◽  
Social Engineering ◽  
Modern Theory ◽  
Intrinsic Structure ◽  
Monetary System ◽  
Information Program ◽  
The Social ◽  
Crypto Currency ◽  
Economic Nature

The systemic and functional analysis of economic nature of Crypto currency within the modern theory of money is a necessary essential component of the study that allowed the authors to formulate a vision of social and economic model of future international monetary system. The authors consider the substance of money in a dialectic unity of the transformation of forms and spheres of its being. The forms of being of money are: material, monetary, paper, electronic. The spheres of being of money are: social, - the "symbol money"; economic, - the "bank notes"; political and legal, - "monetary units". In this paper we show that money is a financial instrument. Money is a market form of universal claim to a share in the wealth of society. The uncovering of internal intrinsic structure of money allows the authors to show convincingly that a currency, especially a "Crypto currency", cannot have and does not have an "economic nature". In considering the process of historical transformation of international monetary systems, taking into account the real achievements of financial, information, program and social engineering for the creation of a digital "gold" the authors believe that the social and economic model of future international monetary system has received its real approbation.

scholarly journals Local Government Financial Institution and FinTech

2019 ◽  
pp. 557-566
Author(s):  
Witold Srokosz
Keyword(s):  
Local Government ◽  
Business Model ◽  
Financial Institutions ◽  
Financial Institution ◽  
Model Based ◽  
Blockchain Technology ◽  
The Creation ◽  
Legal Barriers

The article compares the characteristics of local government financial institutions and FinTechs in order to make an attempt to answer the question whether a local government financial institution may constitute a FinTech. The study analyses a particular case of using the business model based on blockchain technology for a local government financial institution, as well as discusses the possibility to base the functioning of such institution on the DAO concept. The article is summarised with the outline of the analyses of legal barriers concerning the creation and functioning of local government financial institutions as FinTechs.

scholarly journals Alternative international currencies

2012 ◽  
Vol 57 (194) ◽  
pp. 31-39
Author(s):  
Vladimirovna Rozhentsova
Keyword(s):  
International Monetary System ◽  
International Currency ◽  
The Past ◽  
Monetary System ◽  
International Currencies ◽  
The World ◽  
Circulation Mechanism ◽  
The Creation

The modern international monetary system has a number of flaws and therefore needs cardinal change. Hence, economists from all over the world are suggesting alternative international currencies that would make the international monetary system more efficient. However, it is essential when approaching the creation of a new international currency to analyze and take into account the experience of all the past international currencies. Therefore this paper begins with an exploration of the drawbacks of each of the past and present international currencies. Drawing on this analysis a justification will be made for the necessity of introducing a new international currency, pointing to the requirements it should meet. Further on, this paper proposes an alternative theoretically possible variant of the international currency, with a fixed value relative to a commodity basket. An abstract example is used to demonstrate its composition and circulation mechanism.

Sign in / Sign up

Export Citation Format

Share Document