Pushkinskaya st. 43. office 10
Rostov-on-Don, Russia
344082
e-mail: info@hjournal.ru 
tel. +7(863) 269-88-14

cubsEN (2)

The Blockchain as an Effective Tool for Coordinating the Economic Interests of Actors in the Digital Economy of Russia

The Blockchain as an Effective Tool for Coordinating the Economic Interests of Actors in the Digital Economy of Russia

Journal of Economic Regulation, , Vol. 10 (no. 1),

The process of digitalization of the Russian economy as the basis for the transition to a digital economy is conditioned by the requirements of objective reality and relies, first of all, on the introduction of digital technologies in the activities of its actors. The development of digital technologies allows them to have stable and undeniable competitive advantages by increasing the effectiveness of harmonizing their economic interests, by reducing transaction costs, solving the "free rider problem" and refusing an intermediary. The most promising technology is Blockchain, which has the ability to most effectively harmonize the economic interests of actors in the digital economy and is applicable in various areas of the economy. To date, Blochein technology is the most in demand and widespread in the financial sector, which led to the need to determine the legal status of both the actors involved in transactions and the relations that arise in conditions of complete anonymity. Identification and analysis of the regularities of the functioning and consequences of the use of Blockchain technology in the financial sector will allow to determine the algorithm of phased application in other sectors of the economy with the aim of developing an effective mechanism for coordinating the economic interests of the actors in the digital economy of Russia. As the most promising mechanism of interaction between actors of the digital system, it is proposed to identify decentralized technological tools that cause a significant reduction in transaction costs in the interaction of actors in the system and solve the basic institutional problems of operation. Thus, it is the Blockchain technology, being an effective tool for coordinating the economic interests of the actors of the digital economy of Russia, basically contains conceptual solutions to the tasks of digitalization of the economy of the country and society as a whole.


Keywords: digitalization; digital economy; blockchain; economic interests; coordination of economic interests; actors in the digital economy; cryptoeconomics; cryptocurrency; public blockchain; private blockchain

References:
Publisher: Ltd. "Humanitarian perspectives"
Founder: Ltd. "Humanitarian perspectives"
Online ISSN: 2412-6047
ISSN: 2078-5429