Abstract

Distributed data storage technologies are becoming an integral part of the modern economy and are beginning to have an increasing impact on the prospects and competitiveness of its development. This, in turn, predetermines the high growth rates of the blockchain technology market in the world. These dynamics will form changes not only in the IT markets, but also in the entire financial and economic systems, penetrated with information, digital decisionmaking processes. In this regard, relying on the functional capabilities of distributed data storage technologies, as well as taking into account the high dynamics of the processes of their penetration into the economic environment, it seems to be a very important and urgent task to develop methodological approaches to assess the risks and opportunities for the national economic system in the context of future changes. It is important to note, that the solution of the problem should, in order to objectify the results, rely on the methods of formalized analysis using the tools of economic and mathematical modeling. Based on this approach to the study of the academic and research problem, the work proposes an algorithm for assessing the influence of blockchain technologies on the dynamics of transformation of key development parameters of separate sectors of the economy. Methodologically, the calculations are based mainly on the construction of a cointegration model, that allows to determine the main effects and potential impact of possible changes in certain areas of economic activity as part of the penetration of blockchain technologies into the economic environment.

Highlights

  • Assessing the role of blockchain technologies in the modern developing world, their possible influence on macroeconomic generation, it should be stated, that individual countries have been actively moving towards the development and integration of the technologies under consideration into the economic environment in recent years

  • Abstracting from the risks and threats in this research, posed by the integration of blockchain technologies into the financial and real sectors of the economy, the authors attempt to build a model, that assess the influence of the technologies under study on the possible dynamics of certain types of economic activity

  • The integration of blockchain technologies into the economic environment of the national economic system will undoubtedly reflect on the key parameters of the development of economic activity in the same uneven and disproportionate way

Read more

Summary

Introduction

Assessing the role of blockchain technologies in the modern developing world, their possible influence on macroeconomic generation, it should be stated, that individual countries have been actively moving towards the development and integration of the technologies under consideration into the economic environment in recent years. No less actively and intensively, distributed data storage technologies are being integrated into the economic turnover of a number of developed and developing countries of the world, both in terms of promising projects, declared by financial organizations (including regulators), and in terms of current projects being implemented in this area [2.3]. It should be stated about the extremely high level of significance and relevance of the issue of studying the influence of blockchain technologies on the parameters of socio-economic development, including the development of methods for a formalized assessment of such consequences. Cheremnykh [6] and others

Objectives
Methods
Results
Discussion
Conclusion
Full Text
Published version (Free)

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call