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ECO journal (ECOnomics and industrial Engineering)

2018 year, number 8

В«Blockchain» Distributed Secure Ledger and Cryptocurrencies: Potential Using in Business and Government

A. I. Pestunov
Novosibirsk State University of Economics and Management
Keywords: криптовалюта, распределенный реестр, блокчейн, биткойн, эфириум, национальная криптовалюта, крипторубль, криптодоллар, токен, финансовая пирамида, ICO, Cryptocurrency, distributed ledger, blockchain, bitcoin, etherium, national cryptocurrency, crypto-ruble, crypto-dollar, token, ponzi scheme, ICO

Abstract

Cryptocurrencies as well as distributed ledgers called «blockchains» attract a great attention during the last years, and specialists from various professional spheres arise different questions concerning this theme. At the same time, there is a pool of questions, which do not have satisfying answers in spite of their frequent mentioning. In this paper, we present some reasoning connected with some of the most popular questions of that kind. In particular, we touch such problems as launching a national cryptocurrency and exploiting the blockchain technology in business sphere and governmental activities. We also analyze a commonly heard opinion that cryptocurrencies are, in fact, no more than the Ponzi scheme. Further, we briefly sketch the Bitcoin blockchain configuration and its stability if hypothetical quantum computer would be created.