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Digitalization and Society

Edited By Bünyamin Ayhan

This book presents a collection of papers by researchers from several different institutions on a wide range of digital issues.

Digitalization describes the phenomenon of how knowledge is processed and the processed knowledge provides social transformations beyond digitization, interaction, annihilation of time and space, the phenomenon of usage in multimedia. Transformed is not only the society but also its mentality. Digitalization reveals a sui generis digimodern process by processing modern structures with the help of compulsory tools. This process is a reconstruction of social structures and institutions on the basis of the digitalization perspective. Each social institution adapts this process and provides a contribution to the digitalization of society.

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Digital Economy and Bitcoin (Haldun Soydal)

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Assoc. Prof. Haldun Soydal*

Digital Economy and Bitcoin

Introduction

With developments in communication technology showing themselves in the 21st century, in many different areas as well as the economic area, important changes were experienced. In particular, in many subjects such as the relationships between macroeconomic indicators, employment structure, market structure, shopping style, and production processes, some innovations are observed. Although any neat definition is not formed about the changes experienced in the economy yet, any of these differences are generally dealt with under the name of the “new economy” (Akyazı & Kalça, 2003: 222) or the “digital economy”.

In this section, we will discuss digital economy in its general line and make a more specific examination on “bitcoin” (i.e. digital money), one of the gains of the digital economy which today has more value than economies of some of the smallest countries in the world.

The Term “Digital Economy” and Its Emergence

The digital economy is a non-central electronic cash system, formed using a network between partners that is not based on mutual trust, which is able to provide payments between the parts (Ron and Shamir, 2012: 3). The digital economy is sometimes called the Internet economy, new economy, or web economy. However, some economists put forward that the digital economy is more integral and developed than the Internet economy. In addition, the term digital economy is not synonymous with the terms used in...

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