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Framework and Model for Cryptocurrency Innovation and its Impact on Economic Transformation

Framework and Model for Cryptocurrency Innovation and its Impact on Economic Transformation

Ahmed Ashoor, Kamaljeet Sandhu
Copyright: © 2019 |Volume: 10 |Issue: 4 |Pages: 11
ISSN: 1947-8305|EISSN: 1947-8313|EISBN13: 9781522565895|DOI: 10.4018/IJIDE.2019100103
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MLA

Ashoor, Ahmed, and Kamaljeet Sandhu. "Framework and Model for Cryptocurrency Innovation and its Impact on Economic Transformation." IJIDE vol.10, no.4 2019: pp.33-43. http://doi.org/10.4018/IJIDE.2019100103

APA

Ashoor, A. & Sandhu, K. (2019). Framework and Model for Cryptocurrency Innovation and its Impact on Economic Transformation. International Journal of Innovation in the Digital Economy (IJIDE), 10(4), 33-43. http://doi.org/10.4018/IJIDE.2019100103

Chicago

Ashoor, Ahmed, and Kamaljeet Sandhu. "Framework and Model for Cryptocurrency Innovation and its Impact on Economic Transformation," International Journal of Innovation in the Digital Economy (IJIDE) 10, no.4: 33-43. http://doi.org/10.4018/IJIDE.2019100103

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Abstract

Cryptocurrency has gained an increasing interest as a new type of technology that is potentially both a leader and a destroyer to the payment industry on a global scale. However, the future of cryptocurrency is unclear because there are many different usage scenarios and different needs of the stakeholders. Blockchain technology is the infrastructure-enabling technology for the cryptocurrency. Blockchain technology has become very powerful and created the backbone of a new type of internet. This research article will give a better future perspective to study the conceptual framework and model for cryptocurrency acceptance and the continued usage of digital finance. This is by using potential business innovations by combining the theory of the innovation diffusion (IDT) and the technology acceptance model (TAM).

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