GENERAL CHARACTERISTICS, SOCIO-ECONOMIC SIGNIFICANCE OF BLOCKCHAIN TECHNOLOGY

Abstract

The article delves into the widespread and extensively debated blockchain technology, exploring its multifaceted characteristics over recent decades. It provides a historical overview and delves into the experiential facets of the blockchain system. Emphasizing the system's role as a platform facilitating the creation and circulation of crypto assets, the article underscores its pivotal role in ensuring heightened accountability, transparency, and trust among participants. Beyond its impact on information technology, the article extends its focus to elucidate the profound consequences of blockchain technology on various sectors.

A central aspect of the article centers on delineating the primary characteristics and distinguishing features of the blockchain system. It thoroughly outlines the transactional processes within the system and elucidates the unique attributes of such transactions. Moreover, the article delves into the technological intricacies of the blockchain system, particularly as they pertain to legal regulations governing transactions within the system and the resolution of potential legal challenges.

Building upon the identified insights into the essence and nature of blockchain technology, the article strategically navigates towards an examination of the socio-economic role and significance of this transformative technology. The exploration extends to unveiling the social value of blockchain, employing evaluative methods grounded in established theoretical frameworks.