Blockchain Empowers Chain Enterprises in the Digital Economy to Strengthen Risk Management Research

Su, Weiwei

doi:10.1155/2022/2580176

Cited by 3 publications

(4 citation statements)

References 26 publications

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“…In addition, W. Su [13] proves the need to introduce blockchain technology not only at the global, national, and regional levels, but also convinces of its feasibility at the level of entrepreneurship, because this technology allows for effective risk assessment and risk management. In this context, it becomes obvious that blockchain technologies are an innovative direction of economic development in terms of its digitalization and modernization.…”

Section: Literature Reviewmentioning

confidence: 99%

Legal Regulation of the Mechanism of Applying Blockchain Technology in the Modern Conditions of Digitalization of the Economy of Ukraine

Blikhar¹,

Kovaliv²,

Вінічук³

et al. 2023

ФКДПТП

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The purpose of the article is to study the theoretical foundations and practical aspects of legal regulation of the mechanism of applying blockchain technology in the modern conditions of digitalization of the economy of Ukraine. The results of the conducted research give reasons to state that the legal regulation of the mechanism of applying blockchain technology in the modern conditions of digitalization of the economy of Ukraine is too weak and needs to be revised and improved. The article defines the essence of blockchain technology, which is understood as a decentralized database formed by participants and provides conditions for preventing actions related to the falsification of data due to their chronological recording and public confirmation by all participants of the transaction network. On the basis of a detailed study of the outlined issues, significant problematic aspects of the use of blockchain technology at the global, national and regional levels have been identified, the most acute of which at the current stage is the imperfection of the legal mechanism of applying blockchain technology in the modern conditions of digitalization of the economy. The results of empirical studies have proved the dependence of the development of blockchain technology on the level of development of the country and the state of the digitalization process of the national economy. It has been established that the highest share of the use of blockchain technologies in today's conditions is observed in the USA (40%) and Great Britain (17%). In order to solve problematic issues, the main areas of improving the legal regulation of the mechanism of applying blockchain technology in Ukraine are proposed, among which the need for the development and adoption of the Law of Ukraine "On Virtual Assets" is justified, as well as the need for the implementation of international and European law in the field of digitalization and regulation of the development of digital technologies in the national legislation of Ukraine.

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Section: Literature Reviewmentioning

confidence: 99%

Legal Regulation of the Mechanism of Applying Blockchain Technology in the Modern Conditions of Digitalization of the Economy of Ukraine

Blikhar¹,

Kovaliv²,

Вінічук³

et al. 2023

ФКДПТП

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“…Using blockchain technology for cross-border transactions offers numerous benefits. Decentralized systems, tamper-proofing, tracking, and reliability are features of the blockchain [10]. The decentralized nature of blockchain processing eliminates the need for third-party institutions, enabling more efficient transaction completion between involved parties and subsequently reducing overall transaction costs.…”

Section: Blockchain Technology Ensures Security For Cross-border Paym...mentioning

confidence: 99%

“…The aforementioned financial risk issues can effectively be addressed through the integration of blockchain technology with financial management, thereby mitigating financial management risks. Risk management lowers an organization's expenses, which directly raises the enterprise's financial gains [10]. The amalgamation of blockchain technology with enterprise financial activities represents one of the core technological innovations of the modern era.…”

mentioning

confidence: 99%

The Impact of Blockchain Technology: Cross-Border Payments, Digital Currencies, and Financial Risks

Jiao

2024

AEMPS

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This study investigates the transformative potential of blockchain technology in revolutionizing cross-border payments, digital currency development, and mitigating financial risks within the financial sector. The study emphasizes the importance of this technology in addressing the inefficiencies and security vulnerabilities inherent in traditional financial systems, highlighting its significant pivotal role in the academic field of financial technology and blockchain research. To delve into these issues, this study conducted a comprehensive literature review of the latest research results, conducted case studies on the application of blockchain in financial institutions, and compared and analyzed traditional payment systems and blockchain-based payment systems. In addition, the study also utilizes model analysis to understand the influence of blockchain on financial risk administration and the growth patterns of digital currencies like Bitcoin. The research results indicate that blockchain technology greatly improves the security, productivity, and transparency of payments made across borders by decreasing the need for intermediaries and related expenses. Furthermore, the blockchain system facilitates the creation of digital currencies, providing a stable and secure framework. In addition, the Integration of blockchain with financial management processes emerges as a feasible solution to reduce various financial risks, providing a more efficient and secure framework for financial businesses. The results of this study indicate that blockchain technology can serve as a fundamental element for future financial transactions, digital currencies, and risk management, making the financial industry more transparent, secure, and efficient, potentially changing the industry.

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“…Tis article has been retracted by Hindawi following an investigation undertaken by the publisher [1]. Tis investigation has uncovered evidence of one or more of the following indicators of systematic manipulation of the publication process:…”

mentioning

confidence: 99%

Retracted: Blockchain Empowers Chain Enterprises in the Digital Economy to Strengthen Risk Management Research

2023

Journal of Electrical and Computer Engineering

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Blockchain Empowers Chain Enterprises in the Digital Economy to Strengthen Risk Management Research

Cited by 3 publications

References 26 publications

Legal Regulation of the Mechanism of Applying Blockchain Technology in the Modern Conditions of Digitalization of the Economy of Ukraine

Legal Regulation of the Mechanism of Applying Blockchain Technology in the Modern Conditions of Digitalization of the Economy of Ukraine

The Impact of Blockchain Technology: Cross-Border Payments, Digital Currencies, and Financial Risks

Retracted: Blockchain Empowers Chain Enterprises in the Digital Economy to Strengthen Risk Management Research

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