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Current situation of Bitcoin management and use: perspectives from the world and recommendations for Vietnam

Hang Bui Thi Thu, Huy Dinh Tran Ngoc, An Phan Thuy, Ngoc Nguyen Thi Bich, Duyen Huynh Thi My

Management

2020

Vol. 24, no. 2

209--235

The research aimed to evaluate suitability of Bitcoin and its platform in emerging markets such as Vietnam. We used qualitative analysis combined with data collection method published, statistics, analysis, synthesis, comparison, to generate qualitative comments and discussion; evaluate results, the article analyzed and evaluated the impacts of Bitcoin and virtual currency on society of Vietnam, both positive and negative sides. It was found that virtual currency not accepted in Vietnam as means of payment yet, while many nations in the world accept it. We need to complete the legal framework for virtual currencies in general, Bitcoin in particular. The State should continue to have policies to improve information technology infrastructure, build and improve the capacity of the contingent of financial experts, encryption, and security experts and give warning risks in virtual currency transactions. The scientific value of paper is using experiences from previous studies in other countries to generate recommendations for conditions of Bitcoin development in merging markets. Last but not least, the research was limited to the case of Vietnam; hence, we can expand research to other Asian countries or other emerging markets.

Virtual money for purchases in school shops and for educational applications: eZloty

Pawlak M., Guziur J., Poniszewska-Marańda A., Stolarek J.

Journal of Applied Computer Science

2018

Vol. 26, nr 2

147--160

Recent developments in Polish legislation concerning the healthiness of products in schools shops and results of law compliance verification resulted in a need for a way to supervise purchases in school shops. In this article, a solution for this problem is presented in a form of an online payment platform utilizing virtual currency called eZloty. The platform is based on blockchain technology which allows storing transaction history in an immutable form. As a result, eZloty payment system would enable supervision of products bought in schools, thus creating a possibility for more directed actions promoting healthy food and compliance with ministry regulations.