Methodology of Upcoming Cryptocurrencies on the Financial Industry

        This writing is based on descriptive research. The descriptive analysis uses qualitative methods for the collection of qualitative data. The core purpose of this study is to create comprehensive knowledge about the theories and practices about the factors having the potential influence the future of digital currencies. Individually, the impact of Cryptocurrencies on the financial industry and economy will be accessed.  This study is based on secondary research as it is intended to identify the factors having the association with the digital currency. These factors have the potential to influence the scope and future of digital currencies.

        Another objective associated with this research is to access the growth potential of Cryptocurrencies along with their future impact on the financial industry and the global economy. Moreover, it is also intended to discover the ways to regulate the digital currencies effectively. Furthermore, the reliability of the money will also be accessed to understand that up to what extent the investment in digital currency is valuable. The nature of the aims and objectives of this research is qualitative. Therefore it required considerable discussion about the positive and negative impact of Cryptocurrencies in the future.

The research is secondary, therefore, to fulfill the research objectives the factors having the potential to change the future of Cryptocurrencies are extracted. All the elements are related to the digital currency's future. These factors include the illegal use of digital money specifically Cryptocurrencies in the financial industry. To access the association and make clear analysis the previous research will be considered in the literature review section. The previous researchers have the competencies to provide accurate association among these factors and digital currencies. Moreover, internet sources including media, blogs, journal articles, websites, and books will also be used to create an in-depth understanding of the topic.

Timeline Plan of Upcoming Cryptocurrencies on the Financial Industry

        Timeline plan represents my overall three-year plan for dissertation writing and time estimation for the completion of each activity. In year 1, I will work on the research proposal from January to June. I will develop a complete research proposal that will provide a brief overview and guidance to the whole research dissertation. Then I will work on the literature review that will start from year one month of July to the year two month of March. Later in the remaining months of the year 2, I will collect data through the use of selected data collection method. From April to November I will receive all the required data for analysis and interpretations. Then from December (year 2) to the July (year 3), I will analyze the received data through the use of appropriate measures and techniques to collect results of the accumulated research data. Thus in the last 6-month duration of year 3, I will write my dissertation by integrating the literature review, data collection and analyzed the results of the data. Dividing the workload in three years according to the time required to complete each task I will finish the whole research dissertation work efficiently.