In the last decade, scholars assessed the ramifications of the global financial crisis on

economic growth, stability, and prosperity. Major studies analyzing the roots of the

financial crisis demonstrated the fact that financial stress in advanced economies had

been transferring to emerging economies via an integrated financial system. In these

studies, it was also highlighted that the transmission of financial stress caused a

meltdown in global economic activity. To which extent the massive collapse of

financial institutions, regulated monetary, and fiscal policies were linked to this

global economic meltdown? Was it possible to prevent this collapse while integrating

a more secured digital system without any intervention of the governmental

institutions? Could blockchain economics be part of the more stabilized global

financial system? Answering these questions is not so easy without knowing more

about the components of blockchain technologies and its ability to transform the

traditional financial systems. Many scholars today desire to have a deeper focus on

this issue with a distinguished interdisciplinary perspective to understand the role of

blockchain technologies in this transformational change in financial markets.

Undoubtedly, the newest technology in the blockchain ecosystem has been shaping

our understanding of traditional business and financial activities. Blockchain technologies

are referred to as the decentralized integration of computers and distributed

networks. These computers and networks are linked together safely based on the

new growing list of records, so-called blocks, connecting the world to the future of

business without regulation of any central authority.