Open Discussion on the Role, Advantages and Disadvantages of Crypto-currencies
Today, the 2nd year Master’s degree students of business organization specialty discussed the role of crypto-currencies in the modern business. The measure was attended by Mikayel Mardumyan, the acting Chair of Commerce and Business Organization, representatives of Faculty staff, students.
Gurgen Ohanyan, lecturer, PhD in Economics, Assistant Professor, welcomed the attendees, stated the selection of the topic, noted that doing business by crypto-currencies is profitable in modern business.
Master’s degree students, divided into for and against groups, presented facts why we should use crypto-currencies or vice versa? Gurgen Ohanyan made more detailed clarifications.
Crypto-currency is a digital currency, which shortens time and space, enabling third-party trading from anywhere in the world.
Reduction of time and space has an important role in contemporary business, and in this regard, crypto-currencies are encouraged. The students spoke in detail about the first crypto-currency - bitcoin, and then blockchain technology by which the crypto-currency transfer takes place.
When defining the deficiencies, it was mainly mentioned that these currencies are not protected against hacking attacks from viruses.
Since the topic is relatively new, and many of the audience did not have enough information about the crypto-currencies, the discussion was more informative. Mikayel Mardumyan mentioned that the Chair welcomes the Master’s degree students participation in professional modern research and discussions and they would be ongoing.
ASUE Media and Public Relations Division
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