Research on the Development of the Digital Economy based on Blockchain Technology

Abstract

As the digital economy becomes a key trend in the economic transformation and upgrading under the new normal of the world economy, a decentralized system, and distributed database technology, blockchain links relevant data in single blocks to form a central system in a cycled chain pattern by encrypted signature verification. The fusion of blockchain technology and big data technology can not only conquer the bottleneck of big data technology but also provide new methods and ideas for the development of the digital economy, upgrade the developmental mode of the digital economy, and promote the rapid growth of the digital economy. Through the popularization of blockchain technology, the traditional internet based on information is transformed into a value-based internet. The status of the traditional economy is mapped into the virtual world, further integrating reality and virtuality.