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Blockchain-based micropayment systems: economic impact

Authors:

Radu StateAuthors Info & Claims

IDEAS '19: Proceedings of the 23rd International Database Applications & Engineering Symposium

Article No.: 45, Pages 1 - 3

https://doi.org/10.1145/3331076.3331096

Published: 10 June 2019 Publication History

Abstract

The inception of blockchain catapulted the development of innovative use cases utilizing the trustless, decentralized environment, empowered by cryptocurrencies. The envisaged benefits of the technology includes the divisible nature of a cryptocurrency, that can facilitate payments in fractions of a cent, enabling micropayments through the blockchain. Micropayments are a critical tool to enable financial inclusion and to aid in global poverty alleviation. The paper conducts a study on the economic impact of blockchain-based micropayment systems, emphasizing their significance for socioeconomic benefit and financial inclusion. The paper also highlights the contribution of blockchain-based micropayments to the cybercrime economy, indicating the critical need of economic regulations to curtail the growing threat posed by the digital payment mechanism.

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Cited By

Payeras-Capellà MMut Puigserver MPericàs Gornals R(2025)Transferable channels for fair micropurchasesInternational Journal of Information Security10.1007/s10207-024-00929-624:1Online publication date: 1-Feb-2025
https://dl.acm.org/doi/10.1007/s10207-024-00929-6
Chegenizadeh MRafati Niya SJ. Tessone C(2024)Multi-agent Privacy-Preserving Micro-payment Verification for Offline Resource-Constrained Devices Using Smart ContractsMathematical Research for Blockchain Economy10.1007/978-3-031-68974-1_7(129-144)Online publication date: 4-Dec-2024
https://doi.org/10.1007/978-3-031-68974-1_7
Shams AHamdan A(2023)The Role of Blockchain in Transforming the Financial SectorEmerging Trends and Innovation in Business and Finance10.1007/978-981-99-6101-6_57(769-775)Online publication date: 29-Oct-2023
https://doi.org/10.1007/978-981-99-6101-6_57
Show More Cited By

Index Terms

Blockchain-based micropayment systems: economic impact

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Information

Published In

cover image ACM Other conferences

IDEAS '19: Proceedings of the 23rd International Database Applications & Engineering Symposium

June 2019

364 pages

ISBN:9781450362498

DOI:10.1145/3331076

General Chairs:
Bipin C. Desai
Concordia University
,
Dimosthenis Anagnostopoulos
Harokopio University of Athens
,
Program Chairs:
Yannis Manolopoulos
Open University of Cyprus
,
Mara Nikolaidou
Harokopio University of Athens

Copyright © 2019 Owner/Author.

Permission to make digital or hard copies of part or all of this work for personal or classroom use is granted without fee provided that copies are not made or distributed for profit or commercial advantage and that copies bear this notice and the full citation on the first page. Copyrights for third-party components of this work must be honored. For all other uses, contact the Owner/Author.

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Association for Computing Machinery

New York, NY, United States

Publication History

Published: 10 June 2019

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IDEAS 2019

IDEAS 2019: 23rd International Database Engineering & Applications Symposium

June 10 - 12, 2019

Athens, Greece

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Overall Acceptance Rate 74 of 210 submissions, 35%

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Cited By

Payeras-Capellà MMut Puigserver MPericàs Gornals R(2025)Transferable channels for fair micropurchasesInternational Journal of Information Security10.1007/s10207-024-00929-624:1Online publication date: 1-Feb-2025
https://dl.acm.org/doi/10.1007/s10207-024-00929-6
Chegenizadeh MRafati Niya SJ. Tessone C(2024)Multi-agent Privacy-Preserving Micro-payment Verification for Offline Resource-Constrained Devices Using Smart ContractsMathematical Research for Blockchain Economy10.1007/978-3-031-68974-1_7(129-144)Online publication date: 4-Dec-2024
https://doi.org/10.1007/978-3-031-68974-1_7
Shams AHamdan A(2023)The Role of Blockchain in Transforming the Financial SectorEmerging Trends and Innovation in Business and Finance10.1007/978-981-99-6101-6_57(769-775)Online publication date: 29-Oct-2023
https://doi.org/10.1007/978-981-99-6101-6_57
Arooj AFarooq MUmer T(2022)Unfolding the blockchain era: Timeline, evolution, types and real-world applicationsJournal of Network and Computer Applications10.1016/j.jnca.2022.103511207(103511)Online publication date: Nov-2022
https://doi.org/10.1016/j.jnca.2022.103511
Silva EMira da Silva M(2022)Research contributions and challenges in DLT-based cryptocurrency regulation: a systematic mapping studyJournal of Banking and Financial Technology10.1007/s42786-021-00037-26:1(63-82)Online publication date: 11-Jan-2022
https://doi.org/10.1007/s42786-021-00037-2
Bel Hadj Youssef SBoudriga N(2021)A Robust and Efficient Micropayment Infrastructure Using Blockchain for e-CommerceIntelligent Computing10.1007/978-3-030-80126-7_58(825-839)Online publication date: 7-Jul-2021
https://doi.org/10.1007/978-3-030-80126-7_58
Khan NAhmad TState R(2019)Feasibility of Stellar as a Blockchain-Based Micropayment SystemSmart Blockchain10.1007/978-3-030-34083-4_6(53-65)Online publication date: 1-Nov-2019
https://doi.org/10.1007/978-3-030-34083-4_6

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