Proceedings of the 2nd International Scientific and Practical Conference “Modern Management Trends and the Digital Economy: from Regional Development to Global Economic Growth” (MTDE 2020)

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Foreign and Russian Experience of Blockchain Digitization by Central Banks, Financial, and Technology Companies

Authors
N.N. Mokeeva, V.E. Frais, V.A. Pankov
Corresponding Author
N.N. Mokeeva
Available Online 5 May 2020.
DOI
10.2991/aebmr.k.200502.133How to use a DOI?
Keywords
digital technologies, blockchains, payment infrastructure, central banks
Abstract

One of the main reasons for closer attention to the blockchain technology on the financial market players’ part is the expectation that it will eliminate many of the problems and restrictions inherent in the currently used methods of storage, processing, and exchange of financial information. In this vein, central banks of many countries do not stand aside and actively participate in research and development of practical solutions based on blockchain technology in order to expand the payment space, provide the necessary conditions for sustainable growth of the financial sector and increase its level of information security. With reference to payment services, blockchain technology has a high potential for use in national and international payment systems. Due to the lack of technological restrictions on the instantaneous presentation of information in the nodes registers and the possibility to eliminate financial intermediaries, payments in such systems can be made in a close to real-time mode. The use of blockchain technology in the payment infrastructure provides a number of advantages, including in terms of increasing the uninterrupted operation and efficiency of payment processes and systems.

Copyright
© 2020, 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 2nd International Scientific and Practical Conference “Modern Management Trends and the Digital Economy: from Regional Development to Global Economic Growth” (MTDE 2020)
Series
Advances in Economics, Business and Management Research
Publication Date
5 May 2020
ISBN
978-94-6252-962-5
ISSN
2352-5428
DOI
10.2991/aebmr.k.200502.133How to use a DOI?
Copyright
© 2020, 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  - N.N. Mokeeva
AU  - V.E. Frais
AU  - V.A. Pankov
PY  - 2020
DA  - 2020/05/05
TI  - Foreign and Russian Experience of Blockchain Digitization by Central Banks, Financial, and Technology Companies
BT  - Proceedings of the 2nd International Scientific and Practical Conference “Modern Management Trends and the Digital Economy: from Regional Development to Global Economic Growth” (MTDE 2020)
PB  - Atlantis Press
SP  - 817
EP  - 823
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200502.133
DO  - 10.2991/aebmr.k.200502.133
ID  - Mokeeva2020
ER  -