@article{ART002597918},
author={Kevin Nguyen and Oh, Jeong Hun},
title={Distributed Ledger Technology and Cryptocurrency Market Potential Index},
journal={Informatization Policy},
issn={1598-3498},
year={2020},
volume={27},
number={2},
pages={20-39},
doi={10.22693/NIAIP.2020.27.2.020}
TY - JOUR
AU - Kevin Nguyen
AU - Oh, Jeong Hun
TI - Distributed Ledger Technology and Cryptocurrency Market Potential Index
JO - Informatization Policy
PY - 2020
VL - 27
IS - 2
PB - NIA
SP - 20
EP - 39
SN - 1598-3498
AB - This paper introduces the Cryptocurrency Market Potential Index (CMPI) in order to measure the potential of the blockchain-backed cryptocurrency. Adopting the Distributed Ledger Technology (DLT) system as a conceptual framework, the whole process from development to implementation and adoption of blockchain-backed cryptocurrency are examined. This paper selects 30 variables and employs factor analysis for multivariate analysis to produce the CMPI for a total of 213 countries. The results show that although cryptocurrency is decentralized, its development and usage might still be very centralized in Europe, North America, hotspots in the Asia-Pacific, Middle East, and CIS regions. This result also highlights how important development and implementation are before adoption so that consequent financial transactions can take place.
KW - cryptocurrency;distributed ledger technology;blockchain;index;factor analysis
DO - 10.22693/NIAIP.2020.27.2.020
ER -
Kevin Nguyen and Oh, Jeong Hun. (2020). Distributed Ledger Technology and Cryptocurrency Market Potential Index. Informatization Policy, 27(2), 20-39.
Kevin Nguyen and Oh, Jeong Hun. 2020, "Distributed Ledger Technology and Cryptocurrency Market Potential Index", Informatization Policy, vol.27, no.2 pp.20-39. Available from: doi:10.22693/NIAIP.2020.27.2.020
Kevin Nguyen, Oh, Jeong Hun "Distributed Ledger Technology and Cryptocurrency Market Potential Index" Informatization Policy 27.2 pp.20-39 (2020) : 20.
Kevin Nguyen, Oh, Jeong Hun. Distributed Ledger Technology and Cryptocurrency Market Potential Index. 2020; 27(2), 20-39. Available from: doi:10.22693/NIAIP.2020.27.2.020
Kevin Nguyen and Oh, Jeong Hun. "Distributed Ledger Technology and Cryptocurrency Market Potential Index" Informatization Policy 27, no.2 (2020) : 20-39.doi: 10.22693/NIAIP.2020.27.2.020
Kevin Nguyen; Oh, Jeong Hun. Distributed Ledger Technology and Cryptocurrency Market Potential Index. Informatization Policy, 27(2), 20-39. doi: 10.22693/NIAIP.2020.27.2.020
Kevin Nguyen; Oh, Jeong Hun. Distributed Ledger Technology and Cryptocurrency Market Potential Index. Informatization Policy. 2020; 27(2) 20-39. doi: 10.22693/NIAIP.2020.27.2.020
Kevin Nguyen, Oh, Jeong Hun. Distributed Ledger Technology and Cryptocurrency Market Potential Index. 2020; 27(2), 20-39. Available from: doi:10.22693/NIAIP.2020.27.2.020
Kevin Nguyen and Oh, Jeong Hun. "Distributed Ledger Technology and Cryptocurrency Market Potential Index" Informatization Policy 27, no.2 (2020) : 20-39.doi: 10.22693/NIAIP.2020.27.2.020
