Cryptocurrencies, Blockchain and Development Cooperation

Bitcoin and other so-called cryptocurrencies have become an increasingly important topic. Whilst the prospect of decentralised monetary regimes has been met with mixed reactions, underlying technologies such as blockchains and smart contracts are discussed and already tested in most areas of the economy. In the past, alternative methods and innovations were quickly adopted in development cooperation due to the special requirements this area poses. Many agents in the development sector and adjacent policy areas also consider these technologies as potential tools to improve the way international development cooperation is conducted at present. The Article gives a brief overview on cryptocurrencies, blockchain technology, smart contracts and analyses the technical functionalities in order to understand the potential implications these technologies can have for the transformation of development cooperation.

• TODO:Superordinate work / Included in
  Digitaler Wandel in der Entwicklungszusammenarbeit

• Vol / Part
  2019, Seite 62-72

• Language
  Englisch