Analysing the theoretical connotation and practical path of blockchain technology affecting the digital economy——Evidence from China

DOI

10.2991/978-94-6463-490-7_58How to use a DOI?

Keywords

blockchain; digital economy; technology risk

Abstract

By exploring the impact of blockchain technology on the digital economy, this paper demonstrates the theoretical connotation and practical path of blockchain technology in promoting the development of the digital economy. The study focuses on how blockchain can promote the growth of the digital economy by solving the problem of data property rights attribution, facilitating information flow and transactions, and supporting the construction of new digital infrastructure. The article employs panel data from 30 provinces and cities in China from 2011 to 2022, and verifies the positive impact of blockchain technology on the digital economy by constructing a regression model. The findings show that blockchain technology effectively reduces transaction costs and improves market efficiency through its decentralised, tamper-proof and highly transparent characteristics, thus providing solid technical support for the healthy development of the digital economy. The innovation of this paper is that it systematically analyses how blockchain technology can comprehensively solve the key problems in the digital economy, and puts forward corresponding policy recommendations to support the research, development and application of blockchain technology. This not only provides a new perspective for theoretical research, but also provides guidance for practical application.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Zongting Li
AU  - Xiaowen Zou
AU  - Yanran Ge
PY  - 2024
DA  - 2024/08/31
TI  - Analysing the theoretical connotation and practical path of blockchain technology affecting the digital economy——Evidence from China
BT  - Proceedings of the 2024 3rd International Conference on Artificial Intelligence, Internet and Digital Economy (ICAID 2024)
PB  - Atlantis Press
SP  - 541
EP  - 553
SN  - 2589-4919
UR  - https://doi.org/10.2991/978-94-6463-490-7_58
DO  - 10.2991/978-94-6463-490-7_58
ID  - Li2024
ER  -