The issue we see today with cryptocurrencies is that they face a lack of awareness of the new technology and a lack of trust amongst the intended consumers
(Mendoza-Tello, Mora, Pujol-Lopez, and Lytras, 2018). Also stated in same journal, cryptocurrency development in e-commerce has processed many transactions
and is continuing to increase its monetary circulation, but still lacks awareness of the technological utility along with a lack of trust amongst consumers.
Although there is a lack of trust, Bitcoin has gained its place in the e-commerce world.
In today's age of internet transactions, we rely almost solely on a financial institute to process electronic payments as a third party whilst we purchase items online.
Although this system has worked for what we need in most transactions, it still has suffered from the weaknesses of the cryptocurrencies trust based model
(Miciula and Kazojc 2019). With the use of an electronic payment system that we can base on proof rather than trust, which will allow any two trusted parties.
To enable a payment method that allows online payments to be directly sent from one party to another, without the need of the third party (or financial institute),
a peer to peer version of electronic cash would be used. Bringing in the use of digital signatures could provide a solution but in doing so we may lose the main
benefits if a third party is still required to prevent double spending. The operation of cryptocurrency is based on cryptology, which is the field of knowledge regarding
the transmission of information in the manner protected against any unauthorised access (Christin 2013 sited in Miciula and Kazojc 2019).
Ensuring that we use blockchain technology in the appropriate way, regulations need to be in place to ensure this is done efficiently and effectively.
Marc Pilkington from the University of Bourgogne France believes that the use of blockchain technology joint within the health organisation could help create better,
smarter and more reliable medical equipment and intern assist in tourism Moldova (Barkan and Tapliashvili 2018). As an example used in the paper,
by linking blockchain through a smart contract could assist in triggering preventive maintenance on surgical medical devices if linked correctly. Furthermore, blockchains
could be used to help create tamperproof certificates of medical necessities in a trust less environment. This would stipulate which services or suppliers that are deemed
medically necessary for a patient. If Moldova were able to effectively channel their capabilities of combining blockchain technology and medical devices in a way they see fit,
that could lead to innovations in the medical field that would attract medical foreigners, therefore increasing tourism.
Cryptocurrencies have been around since it became public in 2009 being published in 2008 by Satoshi Nakamoto (Martucci, 2020). The use of wallets, blockchains and many
other devices have only strengthened over the past decade. With much research and an increasing number of users, cryptocurrencies have shown to be both useful towards such
things as in Moldova and its medial field, or detrimental society with users such as terrorist organisations in Iran and Syria or even drug cartels. It is to my belief that
with further investigations, consolidation of information and security cryptocurrency could possibly be used as a global universal currency. With the use of media to promote
the use of a solid cryptocurrency policy and product, we could see exponential growths worldwide in different professions, such as medical fields.