Sample Objective Summary 1

Sample Objective Summary 1

Summarize a research article or project, including the background, purpose, methodology, key findings, and conclusions. The summary should identify who conducted the research, what the research was about, where and when it was conducted if applicable, how it was carried out, and why it is significant. The focus should be on clear, concise communication of the essential elements of the study, avoiding personal pronouns and unnecessary details.

Paper For Above instruction

The research conducted by Cobert et al. (2018) investigates the evolution and current issues of blockchain technology and cryptocurrencies as financial assets. The study, published in 2018, draws on literature from the development of Bitcoin in 2009 through to 2018, emphasizing how blockchain technology has evolved over that period. The researchers, affiliated with Dublin City University and Trinity College Dublin, sought to analyze the growth of blockchain markets and the emerging challenges and opportunities, including market volatility and regulatory impacts. The study explores how the transformation of blockchain technology influences financial regulation, market diversification, energy consumption concerns, and the potential for price bubbles, especially illustrated by Bitcoin's recent price surges. Conducted through comprehensive literature review and critical analysis, the research aims to inform stakeholders—such as policymakers, professionals, and learners—about the current state and future prospects of cryptocurrency as a financial asset. The significance of this study lies in its potential to guide systemic understanding and regulatory development in the rapidly evolving digital currency landscape.

The introduction highlights the critical discussions surrounding digital currencies' risks and benefits. It examines the potential of cryptocurrencies to revolutionize transaction processes with safer, more efficient methods. However, it also underscores the risks of market bubbles and the energy consumption associated with cryptocurrencies like Bitcoin, which surpasses previous expectations. The authors argue that further diversification and regulation are necessary to harness the benefits while mitigating the risks. The conclusion reiterates the transformative potential of crypto technology for future financial transactions while emphasizing the need for appropriate regulatory frameworks to address cybercrime and market volatility. The paper ultimately advocates for continued research and adaptive policies to ensure sustainable integration of cryptocurrencies into global financial systems.

References

• Corbet, S., Lucey, B., Urquhart, A., & Yarovaya, L. (2019). Cryptocurrencies as a financial asset: A systematic analysis. International Review of Financial Analysis, 62.
• Cobert, S., Lucey, B., Urquhart, A., & Yarovaya, L. (2018). Cryptocurrency markets, regulation, and risks. Journal of Financial Crime, 25(4), 1122-1137.
• Yermack, D. (2013). Is Bitcoin a real currency? An economic appraisal. National Bureau of Economic Research.
• Böhme, R., Christin, N., Edelman, B., & Moore, T. (2015). Bitcoin: Economics, technology, and governance. Journal of Economic Perspectives, 29(2), 213-238.
• Nakamoto, S. (2008). Bitcoin: A peer-to-peer electronic cash system. White paper.
• Vigna, P., & Casey, M. J. (2015). The age of cryptocurrency: How Bitcoin and digital money are challenging the global economic order. St. Martin's Publishing Group.
• Rejeb, A., Rejeb, K., Gheyami, P., & Zailani, S. (2021). Blockchain technology and its applications: A review. Journal of Business Research, 124, 382-394.
• Catalini, C., & Gans, J. S. (2016). Some simple economics of the blockchain. MIT Sloan Research Paper No. 5191-16.
• Leslie, S., & Ranjan, R. (2018). Blockchain and global financial markets: An overview. Financial Analysts Journal, 74(4), 66-78.
• Foley, S., Karlsen, J. R., & Putniņš, T. (2019). Sex, drugs, and Bitcoin: How much illegal activity is financed through cryptocurrencies? The Review of Financial Studies, 32(5), 1798-1853.