Journal of Management and Administration Provision
Vol. 2 No. 3 (2022): Journal of Management and Administration Provision

Social Disadvantages of Ease of Transactions Using Blockchain

Meng Sopheara (University of Management and Economics, Cambodia)
Chhoub Sotharith (University of Management and Economics, Cambodia)

Article Info

Publish Date
02 May 2023

Abstract

A distributed, immutable record like that provided by blockchain technology has the ability to greatly streamline and fortify financial transactions while also reducing associated risks. Blockchain transactions are simple, but this convenience comes at a social cost. The concentration of wealth in the hands of a few would be a potential drawback, as would be the possibility of a blockchain's centralization. The anonymity of blockchain transactions also makes them conducive to unlawful operations like money laundering and the selling of illicit items. Finally, the energy consumption essential to a blockchain network's operation raises environmental problems.

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Journal Info
Journal of Management and Administration Provision
Website

Abbrev

jmap

Publisher

Pusat Studi Pembangunan dan Pemberdayaan

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

Description

Journal of Management and Administration Provision (E-ISSN: 2776-1290, P-ISSN: 2776-1282) is an open access and peer reviewed journal includes all the areas of research activities such as Public Administration, Public Services, Management Studies, Human Resource Management, Economic, Trade, Business ...