Abstract
In the mobile era of blockchain 3.0, blockchain will no longer only exist in the virtual world, but will also exist in the actual environment of people’s lives, and mobile commerce is the best aid to realize connection between virtual and reality. However, this kind of financial innovation also brings impact on financial security and challenges to the current financial regulatory system. As the underlying technology of digital currency, blockchain is essentially a decentralized database. Due to its special and ingenious design, blockchain has the characteristics of decentralization, immutability of information and anonymity. Therefore, digital currency based on blockchain has relatively high security, which can not only effectively reduce the high cost of issuing and circulating traditional banknotes, but also promote the transparency and convenience of transactions. At present, there are still some risks and challenges in the aspects of technology, law and financial system of digital currency, such as network security risk, lack of supporting laws and policies, impact on the current financial system, etc. This paper first briefly introduces the related concepts of blockchain and digital currency. Then it analyzes the advantages of blockchain-based digital currency and its application in the financial field. Next, it analyzes the risk characteristics of digital currency and points out the current major problems in supervision and gives corresponding risk management strategies with a view to providing help for the future sustainable development of blockchain technology and digital currency.
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The author would like to acknowledge and thank Prof. Zhou and all authors that provide useful thoughts and opinions for my final paper.
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Li, X., Zhou, P. (2021). Research on Risk Management of Digital Currency Based on Blockchain Technology in Mobile Commerce. In: Salvendy, G., Wei, J. (eds) Design, Operation and Evaluation of Mobile Communications. HCII 2021. Lecture Notes in Computer Science(), vol 12796. Springer, Cham. https://doi.org/10.1007/978-3-030-77025-9_6
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DOI: https://doi.org/10.1007/978-3-030-77025-9_6
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