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Blockchain and Digital Currencies: Catalysts of Geopolitical Rivalries and Economic Realignments
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Author(s): Saurabh Chandra (Bennett University, Greater Noida, India), Bhupinder Singh (Sharda University, India), Saquib Ahmed (Sharda University, India), Christian Kaunert (Dublin City University, Ireland & University of South Wales, UK)and Natthawut Rungwong (North Bangkok University, Thailand)
Copyright: 2026
Pages: 18
Source title:
Technology, Geopolitics, and the Transformation of International Political Economy
Source Author(s)/Editor(s): Kittisak Wongmahesak (North Bangkok University, Thailand), Thanaporn Sriyakul (North Bangkok University, Thailand), Uday Kumar Ghosh (Lincoln University, USA)and Ismail Suardi Wekke (Institut Agama Islam Negeri Sorong, Indonesia)
DOI: 10.4018/979-8-3373-1727-4.ch009
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Abstract
The world's economic future is being reshaped by blockchain technology and digital currencies and the country that leads the way may also be the country that the world increasingly turns to. Blockchain challenges the hegemony of traditional financial intermediaries and reserve currencies such as the US dollar by facilitating decentralized, transparent, and secure financial systems. These currencies provide countries with the means to circumvent conventional payment networks, improve financial inclusion, and exert supremacy in international commerce. Blockchain-based solutions will create pathways around reliance on Western-led financial institutions enabling both the de-dollarization of emerging economies. And as the race is on to exploit the technologies behind them, they are likely to reshape the international political economy, creating new partnerships while widening economic divides.
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