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BLOCKCHAIN IN THE DIGITAL ECONOMY

Authors: Dziatkovskii A.;

BLOCKCHAIN IN THE DIGITAL ECONOMY

Abstract

REFERENCES: 1. Chakraborty P., Shahriyar R., Iqbal A., Bosu A. Understanding the software development practices of blockchain projects: a survey, in: ESEM 2018, October 11–12, 2018, Oulu, Finland, ACM, 2018. 2. Chohan U. The Problems of Cryptocurrency Thefts and Exchange Shutdowns, Tech. rep., Discussion Paper Series: Notes on the 21 St Century, School of Business and Economics, University of New South Wales, Canberra, 2018. 3. Digital economy report 2021 III Cross-border data flows and development: For whom the data flow. United Nations Publications // https://unctad.org/system/files/official-document/der2021_en.pdf 4. Digital Economy and Society Index (DESI) 2021. Shaping Europe's digital future // https://digital-strategy.ec.europa.eu/en/library/digital-economy-and-society-index-desi-2021 5. Destefanis G., Marchesi M., Ortu M. et al. Smart contracts vulnerabilities: a call for blockchain software engineering?, in: 2018 International Workshop on Blockchain Oriented Software Engineering IWBOSE, 2018. 6. G20 Digital Economy Ministerial Conference // http://www.oecd-ilibrary.org/science-and-technology/measuring-the-internet_5k9bhk5fzvzx-en 7. Measuring the Digital Economy The 5th IMF Statistical Forum SessionII: Framing the Conceptual Issue Discussion by Vitor Gaspar, Director, Fiscal Affairs Department, IMF November 16, 2017 www.imf.org/en/News/Seminars/Conferences/2017/05/03/5th-statistical-forum 8. Rocha H., Ducasse S. Preliminary steps towards modeling blockchain oriented software, in: WETSEB 2018-1st International Workshop on Emerging Trends in Software Engineering for Blockchain, 2018. 9. Sharp H., Rogers Y., Preece J. Interaction Design: beyond Human-Computer Interaction, fifth ed., John Wiley & Sons, 2019. 10. Schwaber K., Beedle M. Agile Software Development with Scrum, Pearson, 2001. 11. Wohrer M., Zdun U. Smart contracts: security patterns in the ethereum ecosystem and solidity, in: Blockchain Oriented Software Engineering (IWBOSE), 2018 International Workshop on, IEEE, 2018, pp. 2–8.

Abstract This article examines the development of the digital economy - economy 4.0, in which the key factors and means of production are digital data (binary, information, etc.) and network transactions. Digitalization of the economy allows increasing the efficiency of production and the quality of the resulting products and services. However, the realization of this opportunity is not possible without a change in approaches to management. Relevant is the need for "mobile management (cashless storage, digital transfers), minimum time and money for management without intermediaries, the possibility of independent management regardless of time and location. The article proves that such opportunities as a distributed data registry, all transactions of which are transparent, secure and take place without intermediaries, are provided by blockchain technology. The characteristics of blockchain, the possibility of reducing risks, including fraud, crises, corruption and the negative manifestation of the human factor are considered. The possibilities of blockchain convergence with the practices of scrum, Extreme programming, Feature driven development, Lean Software development, Kanban and others are substantiated. It is concluded that the transfer of governance to blockchain information platforms can completely transform the economy and the market, as all the unique characteristics of resources or objects that are invested in a transaction by each party are converted into digital assets and are clearly recorded by the software code.

Keywords

economy 4.0; digitalization; blockchain; governance

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popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
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This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
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