Bìznes Inform (Nov 2019)
Blockchain Technology as a Result of Innovative Transformations in the Context of Digitalization of the Economies of Countries
Abstract
The article is aimed at generalizing the essential content of the concepts of «blockchain» and «blockchain technology», defining the factors of the prerequisites for digitalization, carrying out an analysis of the application of blockchain technology by foreign countries and identifying its impact on formation of the newest segments of social and economic usage. The focus of the research is set to define the directions of achieving the goal by activating the introduction of innovative instruments for conduct of economic activity in the context of digitalization of the world economy. The problems of modern use of blockchain technology by foreign countries has been analyzed, the peculiarities together with the need to develop and create a legal and regulatory framework for the regulation of the latest digitalization processes have been identified in order to counter the malicious use, for example, with fraudulent projects and money laundering, and also with the purpose of formation of sources of filling the State Budget of Ukraine. The relevance of a timely understanding of the essence of blockchain technology, the ability to its optimal and efficient application is substantiated; the issues about possibility and efficiency of implementing innovative technologies for the formation and use of the countries’ intellectual potentials, along with timely response to the opportunities that emerge from the spread of digitalization, are researched. It is proposed to study and implement the leading experience of foreign countries, allowing to timely application of digital technologies and improving the competitiveness of the national economy as a whole. It is indicated that it would be appropriate to strengthen the role of the State as the main stakeholder, which consists in developing digitalization of the country and its institutions in general.
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