FORMALIZED EVALUATION OF SCENARIO DEVELOPMENT OF THE NATIONAL ECONOMY IN TERMS OF PENETRATION OF BLOCKCHAIN TECHNOLOGIES IN THE FINANCIAL SECTOR

In the coming years, blockchain technologies may become one of the breakthrough innovations in the financial sector of the economy, optimizing and simplifying transaction operations in a number of areas, reducing their cost. Having a very significant potential for transforming the established algori...

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Main Authors: M. R. Safiullin, A. A. Abdukaeva, L. A. Elshin, M. V. Savushkin
Format: Article
Language:English
Published: Publishing House of the State University of Management 2020-09-01
Series:Вестник университета
Subjects:
Online Access:https://vestnik.guu.ru/jour/article/view/2324
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author M. R. Safiullin
A. A. Abdukaeva
L. A. Elshin
M. V. Savushkin
author_facet M. R. Safiullin
A. A. Abdukaeva
L. A. Elshin
M. V. Savushkin
author_sort M. R. Safiullin
collection DOAJ
description In the coming years, blockchain technologies may become one of the breakthrough innovations in the financial sector of the economy, optimizing and simplifying transaction operations in a number of areas, reducing their cost. Having a very significant potential for transforming the established algorithms for the interaction of financial market participants, it is important to understand what are the boundaries of these changes, what new opportunities are presented by blockchain technologies and, finally, what are the expected consequences for the development of the financial sector itself and the other sectors of the national economic system associated with it. In this regard, important and urgent task is to minimize risks for financial and other organizations in the face of impending opportunities and threats under the pressure of the process of integrating blockchain platforms into the economic environment. This research is devoted to the solution of the issues posed. The most important component of the paper is the proposed methodological toolkit, which allows you to identify in a formalized form the patterns and relationships between the level of penetration of blockchain technologies into the financial environment and the dynamics of gross domestic product ( GDP).
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institution Kabale University
issn 1816-4277
2686-8415
language English
publishDate 2020-09-01
publisher Publishing House of the State University of Management
record_format Article
series Вестник университета
spelling doaj-art-77fe80656c8a46f9af8ea44887ce7a0f2025-02-04T08:28:05ZengPublishing House of the State University of ManagementВестник университета1816-42772686-84152020-09-010715416210.26425/1816-4277-2020-7-154-1621787FORMALIZED EVALUATION OF SCENARIO DEVELOPMENT OF THE NATIONAL ECONOMY IN TERMS OF PENETRATION OF BLOCKCHAIN TECHNOLOGIES IN THE FINANCIAL SECTORM. R. Safiullin0A. A. Abdukaeva1L. A. Elshin2M. V. Savushkin3Kazan (Volga) Federal UniversityCenter for Advanced Economic Research of the Academy of Sciences of the Republic of TatarstanKazan (Volga) Federal UniversityUniversity of Management “TISBI”In the coming years, blockchain technologies may become one of the breakthrough innovations in the financial sector of the economy, optimizing and simplifying transaction operations in a number of areas, reducing their cost. Having a very significant potential for transforming the established algorithms for the interaction of financial market participants, it is important to understand what are the boundaries of these changes, what new opportunities are presented by blockchain technologies and, finally, what are the expected consequences for the development of the financial sector itself and the other sectors of the national economic system associated with it. In this regard, important and urgent task is to minimize risks for financial and other organizations in the face of impending opportunities and threats under the pressure of the process of integrating blockchain platforms into the economic environment. This research is devoted to the solution of the issues posed. The most important component of the paper is the proposed methodological toolkit, which allows you to identify in a formalized form the patterns and relationships between the level of penetration of blockchain technologies into the financial environment and the dynamics of gross domestic product ( GDP).https://vestnik.guu.ru/jour/article/view/2324blockchain technologieseconomic growthinnovationsfinancial sectorfinancial transactionsopportunitiesrisksstability of the banking sector
spellingShingle M. R. Safiullin
A. A. Abdukaeva
L. A. Elshin
M. V. Savushkin
FORMALIZED EVALUATION OF SCENARIO DEVELOPMENT OF THE NATIONAL ECONOMY IN TERMS OF PENETRATION OF BLOCKCHAIN TECHNOLOGIES IN THE FINANCIAL SECTOR
Вестник университета
blockchain technologies
economic growth
innovations
financial sector
financial transactions
opportunities
risks
stability of the banking sector
title FORMALIZED EVALUATION OF SCENARIO DEVELOPMENT OF THE NATIONAL ECONOMY IN TERMS OF PENETRATION OF BLOCKCHAIN TECHNOLOGIES IN THE FINANCIAL SECTOR
title_full FORMALIZED EVALUATION OF SCENARIO DEVELOPMENT OF THE NATIONAL ECONOMY IN TERMS OF PENETRATION OF BLOCKCHAIN TECHNOLOGIES IN THE FINANCIAL SECTOR
title_fullStr FORMALIZED EVALUATION OF SCENARIO DEVELOPMENT OF THE NATIONAL ECONOMY IN TERMS OF PENETRATION OF BLOCKCHAIN TECHNOLOGIES IN THE FINANCIAL SECTOR
title_full_unstemmed FORMALIZED EVALUATION OF SCENARIO DEVELOPMENT OF THE NATIONAL ECONOMY IN TERMS OF PENETRATION OF BLOCKCHAIN TECHNOLOGIES IN THE FINANCIAL SECTOR
title_short FORMALIZED EVALUATION OF SCENARIO DEVELOPMENT OF THE NATIONAL ECONOMY IN TERMS OF PENETRATION OF BLOCKCHAIN TECHNOLOGIES IN THE FINANCIAL SECTOR
title_sort formalized evaluation of scenario development of the national economy in terms of penetration of blockchain technologies in the financial sector
topic blockchain technologies
economic growth
innovations
financial sector
financial transactions
opportunities
risks
stability of the banking sector
url https://vestnik.guu.ru/jour/article/view/2324
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AT laelshin formalizedevaluationofscenariodevelopmentofthenationaleconomyintermsofpenetrationofblockchaintechnologiesinthefinancialsector
AT mvsavushkin formalizedevaluationofscenariodevelopmentofthenationaleconomyintermsofpenetrationofblockchaintechnologiesinthefinancialsector