THE ECONOMICS OF INNOVATION: BLOCKCHAIN TECHNOLOGY
Blockchain technology has evolved beyond its initial association with cryptocurrencies to become a foundational technology poised to revolutionize various industries. Its decentralized, transparent, and immutable structure offers unique opportunities to improve operational efficiency, enhance se...
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| Format: | Article |
| Language: | English |
| Published: |
Academica Brâncuşi
2024-10-01
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| Series: | Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie |
| Subjects: | |
| Online Access: | https://www.utgjiu.ro/revista/ec/pdf/2024-05/06_Csosz.pdf |
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| Summary: | Blockchain technology has evolved beyond its initial association with cryptocurrencies to become a
foundational technology poised to revolutionize various industries. Its decentralized, transparent, and immutable
structure offers unique opportunities to improve operational efficiency, enhance security, and drive innovation across
financesector. This paper explores the transformative impact of blockchain, focusing on how it changes economic
structures, reduces costs, and generates new business models. It also examines the cost-benefit implications of adopting
blockchain, addressing both short-term challenges and long-term advantages. |
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| ISSN: | 1844-7007 2344-3685 |