Smart Contracts as a New Technology in the Digital Economy
Digital technologies have a number of advantages that contribute to the development of the economy and make it more transparent. Some of the main features of modern digital technologies are speeding up business processes, reducing costs, eliminating the possibility of fraud, ensuring the transparenc...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Warsaw University of Life Sciences Press
2018-12-01
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| Series: | Zeszyty Naukowe Szkoły Głównej Gospodarstwa Wiejskiego w Warszawie. Problemy Rolnictwa Światowego |
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| Online Access: | https://prs.sggw.edu.pl/article/view/2793 |
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| _version_ | 1832541024981876736 |
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| author | Irina Glazkova Dorota Kozioł-Kaczorek Sergey Shmatko |
| author_facet | Irina Glazkova Dorota Kozioł-Kaczorek Sergey Shmatko |
| author_sort | Irina Glazkova |
| collection | DOAJ |
| description | Digital technologies have a number of advantages that contribute to the development of the economy and make it more transparent. Some of the main features of modern digital technologies are speeding up business processes, reducing costs, eliminating the possibility of fraud, ensuring the transparency of the system and the ability to check and analyze the system. Regardless of whether a commercial or government organization uses the technology, in any case, there is a wide range of possibilities of its application. One of these technologies is blockchain. A blockchain is a distributed database in which storage devices are not connected to a shared server. This database stores an ever-growing list of ordered records called blocks. Each block contains a timestamp and a link to the previous block. The article defines a smart contract, describes the main areas of its application and provides processes similar to smart contracts, but working outside the blockchain. We also consider some of the risks that arise when working with smart contracts. |
| format | Article |
| id | doaj-art-9124796a5b6f40cca192ef06f275dddf |
| institution | Kabale University |
| issn | 2081-6960 2544-0659 |
| language | English |
| publishDate | 2018-12-01 |
| publisher | Warsaw University of Life Sciences Press |
| record_format | Article |
| series | Zeszyty Naukowe Szkoły Głównej Gospodarstwa Wiejskiego w Warszawie. Problemy Rolnictwa Światowego |
| spelling | doaj-art-9124796a5b6f40cca192ef06f275dddf2025-02-04T10:43:09ZengWarsaw University of Life Sciences PressZeszyty Naukowe Szkoły Głównej Gospodarstwa Wiejskiego w Warszawie. Problemy Rolnictwa Światowego2081-69602544-06592018-12-0118410.22630/PRS.2018.18.4.105Smart Contracts as a New Technology in the Digital EconomyIrina Glazkova0Dorota Kozioł-Kaczorek1Sergey Shmatko2North-Caucasus Federal University, Russian FederationWarsaw University of Life Sciences – SGGW, PolandNorth-Caucasus Federal University, Russian FederationDigital technologies have a number of advantages that contribute to the development of the economy and make it more transparent. Some of the main features of modern digital technologies are speeding up business processes, reducing costs, eliminating the possibility of fraud, ensuring the transparency of the system and the ability to check and analyze the system. Regardless of whether a commercial or government organization uses the technology, in any case, there is a wide range of possibilities of its application. One of these technologies is blockchain. A blockchain is a distributed database in which storage devices are not connected to a shared server. This database stores an ever-growing list of ordered records called blocks. Each block contains a timestamp and a link to the previous block. The article defines a smart contract, describes the main areas of its application and provides processes similar to smart contracts, but working outside the blockchain. We also consider some of the risks that arise when working with smart contracts.https://prs.sggw.edu.pl/article/view/2793smart contractcryptocurrencyblockchain |
| spellingShingle | Irina Glazkova Dorota Kozioł-Kaczorek Sergey Shmatko Smart Contracts as a New Technology in the Digital Economy Zeszyty Naukowe Szkoły Głównej Gospodarstwa Wiejskiego w Warszawie. Problemy Rolnictwa Światowego smart contract cryptocurrency blockchain |
| title | Smart Contracts as a New Technology in the Digital Economy |
| title_full | Smart Contracts as a New Technology in the Digital Economy |
| title_fullStr | Smart Contracts as a New Technology in the Digital Economy |
| title_full_unstemmed | Smart Contracts as a New Technology in the Digital Economy |
| title_short | Smart Contracts as a New Technology in the Digital Economy |
| title_sort | smart contracts as a new technology in the digital economy |
| topic | smart contract cryptocurrency blockchain |
| url | https://prs.sggw.edu.pl/article/view/2793 |
| work_keys_str_mv | AT irinaglazkova smartcontractsasanewtechnologyinthedigitaleconomy AT dorotakoziołkaczorek smartcontractsasanewtechnologyinthedigitaleconomy AT sergeyshmatko smartcontractsasanewtechnologyinthedigitaleconomy |