Proceedings of the 1st International Scientific Conference "Modern Management Trends and the Digital Economy: from Regional Development to Global Economic Growth" (MTDE 2019)

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Blockchain in public administration: worldwide experience

Authors
V.V. Sulimin, V.V. Shvedov, E.A. Lyashenko
Corresponding Author
V.V. Sulimin
Available Online May 2019.
DOI
10.2991/mtde-19.2019.43How to use a DOI?
Keywords
blockchain technology, cryptocurrency, bitcoin, functions, information environment
Abstract

The article discusses the main approaches to the blockchain technology for managing financial flows between enterprises, and between the state and enterprises. The entry of Ukraine into the global information space and the introduction of cryptocurrency in the domestic financial market will expand the investment market and provide targeted budgetary investments to national producers. They, in turn, can increase production through final product, services, net exports or the creation of products that replace imported ones. Three important functions of the blockchain technology-based financial services sector have been proposed: registration of transactions in an enterprise, identity verification (legal address), and contracting. The principles of state policy in the field of financial institutions in the cryptocurrency market are considered. Operations on the cryptocurrency market carried out by their participants at their own risk are described. The article discusses state guarantees for the observance and protection of property and other rights and legal interests of professional participants of the cryptocurrency market and other persons engaged in mining or operations with cryptocurrency, conditions of free competition in the provision of financial services in the cryptocurrency market.

Copyright
© 2019, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 1st International Scientific Conference "Modern Management Trends and the Digital Economy: from Regional Development to Global Economic Growth" (MTDE 2019)
Series
Advances in Economics, Business and Management Research
Publication Date
May 2019
ISBN
978-94-6252-721-8
ISSN
2352-5428
DOI
10.2991/mtde-19.2019.43How to use a DOI?
Copyright
© 2019, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

risenwbib
TY  - CONF
AU  - V.V. Sulimin
AU  - V.V. Shvedov
AU  - E.A. Lyashenko
PY  - 2019/05
DA  - 2019/05
TI  - Blockchain in public administration: worldwide experience
BT  - Proceedings of the 1st International Scientific Conference "Modern Management Trends and the Digital Economy: from Regional Development to Global Economic Growth" (MTDE 2019)
PB  - Atlantis Press
SP  - 224
EP  - 227
SN  - 2352-5428
UR  - https://doi.org/10.2991/mtde-19.2019.43
DO  - 10.2991/mtde-19.2019.43
ID  - Sulimin2019/05
ER  -