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The paper considers the question that has gained relevance in the last decade: whether the cryptocurrency bitcoin is money. The economic literature provides different opinions on this issue. The analysis shows that disagreements arise because of the different understanding of the category of ‘money’ rather than because of the nature of bitcoin. The author analyzes popular interpretations of money in terms of their applicability to the definition of the role and place of cryptocurrencies in the financial system. The purpose of this study is to define money as a financial instrument that linksthe creation of gross social product with its distribution. The author believes that money emerged and exists as a tool that ensures a connection between the contribution of each economic entity to the total product of society and the right to receive an equivalent amount of goods from this gross product. At the same time, the author defines money as an ‘ideal right’ to receive a share of the gross social product. In this regard, the analysis of bitcoin shows that this cryptocurrency allows obtaining goods from the gross social product in many countries, while bitcoin owners do not contribute to the gross social product. Based on this, bitcoin cannot be considered money; it is a money substitute, or surrogate money. At the same time, bitcoin was created as money and performs the functions of money, but to a limited extent. Bitcoin can only perform the functions of money as a supplement to an existing official currency. It is not capable of functioning as the only currency in a society. The interpretation proposed in this paper can be used for the purposes of developing the Russian law on cryptocurrencies is currently being worked on by the Government and the Central Bank of Russia.

The article discusses issues on the use of Blockchain technology in electronic chattel paper to reduce third-party custodian involvement. Other topics include the evolution of Article 9 of the Uniform Commercial Code (UCC), how Blockchain is used in the implementation of Bitcoin, and how UCC provides security interest in tangible chattel paper.

Since Bitcoin was first proposed in late 2008 and went live in 2009, hundreds of research papers have been published trying to understand the behaviour of cryptocurrencies and their impact on financial markets. Their size and importance to the financial sector has increased substantially also has the number of challenges they face and the negative externalities they have caused. This article reviews the related cryptocurrency literature and introduces articles included in this special issue on this theme which were presented at the 2020 Cryptocurrency Research Conference. We conclude by offering possible future research directions. [ABSTRACT FROM AUTHOR]

Purpose: Finance continuously evolves as the technological innovation progresses in the society. Numerous prior studies have discussed emerging financial services due to this innovation. However, limited scholarly work has evaluated the trends and state of the art of financial innovation. Therefore, this study aims to review recent literature on financial innovation by using a bibliometric and content-analysis approach. Design/methodology/approach: Documents for this study are sampled from financial innovation, a journal focusing on recent innovations in finance. A total of 354 peer-reviewed articles published in eight years (2015–2022) are first examined and mapped using the bibliometrix package in RStudio software. Furthermore, content analysis was performed to investigate the adopted research methods and types, and produce directions for future studies. Findings: The trend of financial innovation research kept increasing, with China as the leader in publication quantity, affiliation productivity and paper citation acquisition. Topics related to "FinTech," "Bitcoin" and "Covid-19" have been the most discussed topics by financial innovation researchers. FinTech and Bitcoin studies are expected to grow in emerging countries like China, India and Pakistan. The study also indicates that most financial innovation studies use quantitative research methods and are categorized as empirical papers. Originality/value: This study contributes to the finance literature by comprehensively evaluating current research on financial innovation using one specific journal in the field. Also, this study examines financial innovation literature using different approaches from previous bibliometric financial innovation studies. [ABSTRACT FROM AUTHOR]

• The characteristics that can revolutionize Blockchain technology are thoroughly described. • The WoS literature is being explored with a systematic review on Blockchain. • The current state of Blockchain technology is thoroughly investigated. • Findings of the study highlight some significant implications to the Blockchain community. • A mapping of the major open issues for Blockchain to possible solutions is tabulated. At present times, Blockchain technology is gaining more attraction with every passing day, as it has revolutionized the traditional trade due to its distributed ledger feature, every record in this ledger is secured by rules of cryptography which makes it more secure and tamper-free. This naturally led to the emergence of various types of cryptocurrency, such as Bitcoin, which builds on a technology commonly known as Blockchain. The rapid evolution of research on Blockchain calls for more research studies for investigating and analyzing the current knowledge in this field through a systematic technical study that shows the impact and significance of the related literature since the inception of the technology in 2013. From this point, in this paper, a state-of-the-art review is conducted on the most influential articles, conference papers, and review papers related to Blockchain published from 2013 to 2020 and indexed by the Web of Science Core CollectionTM (WoS) world's literature database. To attain the desired objective, after presenting an inevitable, brief overview of Blockchain technology, the collected papers have closely been analyzed along seven key research questions. Subsequently, vital valuable findings, such as the top 10 influential papers, yearly publications and citation trends, the favorite publication venues, the hottest research areas, and the most supportive funding bodies are reported, which may offer several implications about the status quo and emerging trends and frontiers of Blockchain, to guide towards establishing a baseline for both fresh and experienced researchers and practitioners before initiating a future research project on Blockchain. Furthermore, a rigorous discussion is provided on Blockchain application in diversified domains, along with different versatile use cases. Lastly, a brief insight is presented into open challenges and potential future advancements in the field of Blockchain. Summing up, this paper is meant to assist newbies in exploring and designing new Blockchain solutions, bearing in mind existing demands and challenges. [ABSTRACT FROM AUTHOR]