Cryptocurrencies are hidden monies that are specifically created to be used as digital currencies while assuming the characteristics of real money. Barring the divergent opinions on whether permitted in Islamic law (that is/are halal) or forbidden in Islamic law (that is/are haram), and for...

Using a recent philosophical account of trustworthiness, the author evaluates whether Bitcoin can be considered trustworthy in each of its three most common uses: as a medium of exchange, as a store of value, and as a speculative investment. Primarily because the entity that controls Bitcoin,...

This chapter provides a discussion on some issues in blockchain finance that regulators are concerned about – an area which bitcoin promoters have remained silent about. Blockchain technology in finance has several benefits for financial intermediation in the financial system; notwithstanding,...

As trade policy disruption has become more commonplace, so have the calls for blockchain as a solution. But often the reasoning for this link has been unclear. Using the case study of Brexit as a baseline, the authors map four sources of trade-based uncertainty and explore the extent to which...

The purpose of this chapter is to demonstrate how blockchain technology – which permits the Internet-based exchange of value (digital assets) – enables supply chain finance banks to overcome the challenges they face when attempting to create win–win transactions for supply chain...

Literature has numerous debates about the relation between emerging financial environmental, social, and governance (ESG) factors and financial performance with mixed results. The authors use a unique data set generated by big data analytics (from web-based data mining) for three environmental...

The authors analyze the expansion of Big Data and artificial intelligence technologies from the perspective of economic theory. The authors argue that these technologies can be viewed from three perspectives: (1) as an intangible asset; (2) as a search and matching technology; and (3) as a...

In 1971, the patent for the Automated Teller Machine was awarded to David Wetzel. While possibly not the first application of financial technology, since 1971 time, the innovation in the financial industry has grown beyond expectations. However, most studies in innovation ignore the financial...

One important characteristic of cryptocurrencies has been their high and erratic volatility. To represent this complicated behavior, recent studies have emphasized the use of autoregressive models frequently concluding that generalized autoregressive conditional heteroskedasticity (GARCH) models...