Blockchain Technology - Opportunities for Emerging Economies

Abstract

The recent major scientific conferences on the Innovatube Frontier (IFS) have focused on four areas of pioneering technologies, including Artificial Intelligence, Internet of Things, Blockchain and Augmented Reality / Virtual Reality. Blockchain has gained a lot of attention, because not only it is the technology that has created the fever of the Bitcoin and Ethereum digital coins, but also because of its great potentials that can change the nature of the real world and in everyone's lives. There have been various studies on blockchain, however, in reality the percentage of people who understand blockchain remain minute. This paper will highlight the important role of blockchain technology in the development of our future world, especially for developing countries.