{"title":"区块链对金融和市场竞争影响的经济学评估","authors":"Gunhee Lee, Ted Kim","doi":"10.47611/jsrhs.v12i2.4407","DOIUrl":null,"url":null,"abstract":"This paper provides an economic appraisal of blockchain technology's impact on the two representative pillars of an economic system: finance and market competition. It is argued that although cryptocurrencies designed upon blockchain technology are perceived as alternative currencies and speculative financial assets today, their roles are limited in the economic sense. However, blockchain technology can promote market competition in the internet sector by the virtue of decentralization. In comparison to the highly concentrated market power of current internet companies, new dynamics of market competition based on Web3 are discussed.","PeriodicalId":46753,"journal":{"name":"Journal of Student Affairs Research and Practice","volume":"20 1","pages":""},"PeriodicalIF":0.9000,"publicationDate":"2023-05-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"An Economic Appraisal of Blockchain’s Impact on Finance and Market Competition\",\"authors\":\"Gunhee Lee, Ted Kim\",\"doi\":\"10.47611/jsrhs.v12i2.4407\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"This paper provides an economic appraisal of blockchain technology's impact on the two representative pillars of an economic system: finance and market competition. It is argued that although cryptocurrencies designed upon blockchain technology are perceived as alternative currencies and speculative financial assets today, their roles are limited in the economic sense. However, blockchain technology can promote market competition in the internet sector by the virtue of decentralization. In comparison to the highly concentrated market power of current internet companies, new dynamics of market competition based on Web3 are discussed.\",\"PeriodicalId\":46753,\"journal\":{\"name\":\"Journal of Student Affairs Research and Practice\",\"volume\":\"20 1\",\"pages\":\"\"},\"PeriodicalIF\":0.9000,\"publicationDate\":\"2023-05-31\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Journal of Student Affairs Research and Practice\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.47611/jsrhs.v12i2.4407\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q3\",\"JCRName\":\"EDUCATION & EDUCATIONAL RESEARCH\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Student Affairs Research and Practice","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.47611/jsrhs.v12i2.4407","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"EDUCATION & EDUCATIONAL RESEARCH","Score":null,"Total":0}
An Economic Appraisal of Blockchain’s Impact on Finance and Market Competition
This paper provides an economic appraisal of blockchain technology's impact on the two representative pillars of an economic system: finance and market competition. It is argued that although cryptocurrencies designed upon blockchain technology are perceived as alternative currencies and speculative financial assets today, their roles are limited in the economic sense. However, blockchain technology can promote market competition in the internet sector by the virtue of decentralization. In comparison to the highly concentrated market power of current internet companies, new dynamics of market competition based on Web3 are discussed.
期刊介绍:
The vision of the Journal of Student Affairs Research and Practice (JSARP) is to publish the most rigorous, relevant, and well-respected research and practice making a difference in student affairs practice. JSARP especially encourages manuscripts that are unconventional in nature and that engage in methodological and epistemological extensions that transcend the boundaries of traditional research inquiries.