Main Problems and Principles of Implementation of Distributed Data Registry Technology
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Date
2022
Journal Title
Journal ISSN
Volume Title
Publisher
Scientific Publishing Center “Sci-conf.com.ua”
Abstract
ENG: This paper shows that information and communication technologies, particularly the digital economy, reveal a huge range of opportunities. It was noted that its strengths, the reducing costs, increasing the level of security, and transparency of transactions drew the attention of various economic sectors. In this regard, for a clear and definite understanding of the problems under consideration, the author's definition of the digital economy, digital technologies in the economy, and "end-to-end" digital technologies in the economy were introduced. The paper highlights the most intensively developing main components of the digital economy: distributed ledger technologies (blockchain) and real option technologies. Research has shown that blockchain technology is one of the main directions for the digital economy development. As a decentralized data registry, the paper shows that blockchain technology is the most discussed and relevant topic in the digital economy. Its strengths are analyzed, such as cost reduction, high security, and transaction transparency applicable to various economic sectors. The main mechanisms of contradictions, arrangement, and implementation of blockchain technology are detailed with the author's approach to eliminating the identified contradictions.
Description
G. Shvachych: ORCID 0000-0002-9439-5511
Keywords
digital economy, "end-to-end" digital technologies, blockchain technology, data storage, КПМ та ОТ
Citation
Shvachych G. G., Kholod O. G., Chernetskyi S. O. Main Problems and Principles of Implementation of Distributed Data Registry Technology. Modern Research in World Science : Proc. of the 1st Intern. Sci. and Pract. Conf. (Lviv, April 17–19, 2022). Lviv, 2022. P. 354–359.