Наука Красноярья (Mar 2022)

THE IMPACT OF BLOCKCHAIN ON THE DEVELOPMENT OF THE ECONOMY

  • Vera G. Kuzmenkova

DOI
https://doi.org/10.12731/2070-7568-2021-10-4-129-142
Journal volume & issue
Vol. 10, no. 4
pp. 129 – 142

Abstract

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Currently, most countries pay great attention to the development of the digital economy, especially blockchain technologies, which are promoted in all spheres of the economy, creating infrastructure for the promotion of the digital economy. Blockchain technologies are being strengthened in various sectors of the economy, in public administration, etc. This article discusses the essence, mechanism of operation, the main economic aspects of blockchain. Special attention is paid to modern directions of using blockchain for society, business, disadvantages and advantages, problems of its implementation are considered. The directions of technology implementation in many sectors of the national economy are being studied. Relevance of the research topic. In digital technologies, the possibilities, advantages and disadvantages have not yet been sufficiently studied. The purpose of the study. The purpose of this study is to consider the application of the results of the development of blockchain technology in the economy and financial sphere. The method or methodology of the work: general scientific, description, method of expert assessments, etc. Object of research: foreign and domestic experience of individual states using blockchain in socially significant spheres of public life. The subject of the study. Areas of application of blockchain for business and society. The scientific novelty of this work lies in the review of the directions of application of blockchain technology. Results: the article shows that blockchain, as a special technology of the digital economy, opens up broad prospects for various economic entities, as well as for financial market participants. Scope of application of the results: it is advisable to use the results obtained in the practical implementation of blockchain technology implementation projects.

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