Friday, December 22, 2017

Bitcoin Digital Divide

Bitcoin, one of the twenty first centuries most prolific invention is playing an important role in the global economic order. Bitcoins total valuation of $29 Billion is just a fraction of the economy it powers. The underlying Blockchain technology responsible for Bitcoin is transforming several industries such as banking, e-commerce, legal contracts and logistics. Bitcoin, possesses all characteristics of money. In the current study we study the bitcoin adoption drivers and blockers in society. We perform a multi-modal qualitative study that includes interviews, longitudinal surveys about key drivers and blockers for Bitcoin Adoption. Based on our qualitative analysis and clustering of our subjects based on these drivers and barriers we present the digital divide continuum for Bitcoin. Finally, we suggest remedial measures for increasing adoption amongst users and non-users of Bitcoin.

Read more > https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3048800

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