BLOCKCHAIN PERSPECTIVES IN THE DEVELOPMENT OF GREEN ECONOMY FINANCE

The work describes the concept of blockchain technology, analyzes its advantages and disadvantages compared to centralized systems of accounting, storage and exchange of information. Key problems in the development of technology and its integration into everyday life are described and analyzed in th...

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Autor principal: M. L. Dorofeev
Formato: article
Lenguaje:RU
Publicado: Publishing House of the State University of Management 2020
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Acceso en línea:https://doaj.org/article/77e33b9186f0459fae8b8ce55c3b287f
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spelling oai:doaj.org-article:77e33b9186f0459fae8b8ce55c3b287f2021-12-03T07:43:32ZBLOCKCHAIN PERSPECTIVES IN THE DEVELOPMENT OF GREEN ECONOMY FINANCE1816-42772686-841510.26425/1816-4277-2020-5-178-185https://doaj.org/article/77e33b9186f0459fae8b8ce55c3b287f2020-07-01T00:00:00Zhttps://vestnik.guu.ru/jour/article/view/2240https://doaj.org/toc/1816-4277https://doaj.org/toc/2686-8415The work describes the concept of blockchain technology, analyzes its advantages and disadvantages compared to centralized systems of accounting, storage and exchange of information. Key problems in the development of technology and its integration into everyday life are described and analyzed in this work. The relatively high cost, the presence of critical vulnerabilities in the software code, as well as the insufficient level of development of related technologies are significant obstacles to the development of blockchain technology. The directions of development and implementation of blockchain in the financial sector, as well as in the sphere of green finance are described. This direction can be the green bond market, for which is extremely important to track compliance with the requirement of targeted financing. Blockchain, technologically allows to effectively meet this requirement. An important conclusion obtained from the study was that despite a number of attempts to create analogues of private money (Libra, Gram, etc.) in the near future the replacement of traditional fiate money circulation by cryptocurrencies is unlikely for a number of objective reasons.M. L. DorofeevPublishing House of the State University of Managementarticleblockchainmoneycryptocurrenciesfintechfinancegreen financegreen bondsgreen investmentsSociology (General)HM401-1281Economics as a scienceHB71-74RUВестник университета, Vol 0, Iss 5, Pp 178-185 (2020)
institution DOAJ
collection DOAJ
language RU
topic blockchain
money
cryptocurrencies
fintech
finance
green finance
green bonds
green investments
Sociology (General)
HM401-1281
Economics as a science
HB71-74
spellingShingle blockchain
money
cryptocurrencies
fintech
finance
green finance
green bonds
green investments
Sociology (General)
HM401-1281
Economics as a science
HB71-74
M. L. Dorofeev
BLOCKCHAIN PERSPECTIVES IN THE DEVELOPMENT OF GREEN ECONOMY FINANCE
description The work describes the concept of blockchain technology, analyzes its advantages and disadvantages compared to centralized systems of accounting, storage and exchange of information. Key problems in the development of technology and its integration into everyday life are described and analyzed in this work. The relatively high cost, the presence of critical vulnerabilities in the software code, as well as the insufficient level of development of related technologies are significant obstacles to the development of blockchain technology. The directions of development and implementation of blockchain in the financial sector, as well as in the sphere of green finance are described. This direction can be the green bond market, for which is extremely important to track compliance with the requirement of targeted financing. Blockchain, technologically allows to effectively meet this requirement. An important conclusion obtained from the study was that despite a number of attempts to create analogues of private money (Libra, Gram, etc.) in the near future the replacement of traditional fiate money circulation by cryptocurrencies is unlikely for a number of objective reasons.
format article
author M. L. Dorofeev
author_facet M. L. Dorofeev
author_sort M. L. Dorofeev
title BLOCKCHAIN PERSPECTIVES IN THE DEVELOPMENT OF GREEN ECONOMY FINANCE
title_short BLOCKCHAIN PERSPECTIVES IN THE DEVELOPMENT OF GREEN ECONOMY FINANCE
title_full BLOCKCHAIN PERSPECTIVES IN THE DEVELOPMENT OF GREEN ECONOMY FINANCE
title_fullStr BLOCKCHAIN PERSPECTIVES IN THE DEVELOPMENT OF GREEN ECONOMY FINANCE
title_full_unstemmed BLOCKCHAIN PERSPECTIVES IN THE DEVELOPMENT OF GREEN ECONOMY FINANCE
title_sort blockchain perspectives in the development of green economy finance
publisher Publishing House of the State University of Management
publishDate 2020
url https://doaj.org/article/77e33b9186f0459fae8b8ce55c3b287f
work_keys_str_mv AT mldorofeev blockchainperspectivesinthedevelopmentofgreeneconomyfinance
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