Blockchain Technology as a Security Tool and a Factor of Trust to Information in the Digital Economy
Varnalii Zakharii1, Cheberyako Oksana2, Nikytenko Dmytro3, Bilyk Rostislav4
1Varnalii Zakharii, Professor, Department of Finance, Taras Shevchenko National University of Kyiv, Kyiv, Ukraine.
2Cheberyako Oksana, Professor, Department of Finance, Taras Shevchenko National University of Kyiv, Kyiv, Ukraine.
3Nikytenko Dmytro, Professor, Department of Economic Theory, National University of Water and Environmental Engineering, Rivne, Ukraine.
4Bilyk Rostislav, Associate Professor, Department of Economic Theory Management and Administration, Chernivtsi National University of Yuriy Fedkovych, Chernivtsi, Ukraine.
Manuscript received on 27 November 2019 | Revised Manuscript received on 06 December 2019 | Manuscript Published on 11 December 2019 | PP: 207-212 | Volume-8 Issue-3C November 2019 | Retrieval Number: C10351183C19/2019©BEIESP | DOI: 10.35940/ijrte.C1035.1183C19
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: Enough attention has been paid to studying the mechanism to increase trust to information in the digital economy. Blockchain technology is one among the number of inventions that going to improve the lives of not only a particular individual, but society. Those innovative technologies that we use nowadays, and without which our lives would have been much more complicated, and it would have seemed impossible and unattainable a few decades ago. A number of scientists have worked at researching and solving the issues of increasing investment security in terms of digital economy. The issue of ensuring trust to information as a security tool of economic activity has not been raised. The purpose of the article is to consider the way to increase investment activity through introducing blockchain technology in most areas of national economy. Based on the experience of foreign countries, it is proved that the introduction of blockchain technologies in public administration and the public sector will make it possible to neutralize their defects and increase the level of trust in them, which in turn will lead to increased investment activity both in the sphere of information technology and in other branches of the national economy in the conditions of digitalization.
Keywords: Blockchain Technology, Digitization, Investment Security, Financial Transactions, Trust.
Scope of the Article: Computational Economics, Digital Photogrammetric