“…One form of manifestation of developing technological developments in the last ten years is cryptoassets, such as Bitcoin, Ethereum, Litecoin, Ripple, Namecoin, Swiftcoin, and many more, all based on blockchain technology. Blockchain is a database technology that distributes and records transactions provided to parties collected in a distributed database (Yulianton et al, 2018). Blockchain technology has undergone several developments to reach at least four current phases, which include (Bhattacharya et al, 2018).…”