E-Payment Development Towards Social Capital Using Blockchain Technology

Abstract

This paper is a concept paper in regard to the development of e-payment towards social capital using blockchain technology. The attempt to conceptualize these areas in an integrated fashion is a novel approach by using mobile electronic payment technologies for social capital. The goal is to make people's trust and societal contributions more visible in order to help realize societies where people can more easily receive personal support and financial assistance along new axes of value through blockchain e-payment platform. The fundamental blockchain technologies will support the creation of a token economy and the social capital can be directly recorded and visualized, changing the world for the better during the e-payment transaction. Organizations will be able to utilize the information here for further developing products and services that support their social capital engagement while also fulfill their objectives in their regions.