scholarly journals Assessing the impact of blockchain technologies on the national economy: Methodological approaches and their testing

2020 ◽  
pp. 41-47
Author(s):  
Safiullin Rashitovich ◽  
Burganov Timerkhanovich ◽  
Elshin Alekseevich

Despite the very high interest from international and national financial institutions, and also enterprises from the real sector of the economy demonstrated in the distributed data storage technology, studies on the problems of assessing the use of the blockchain platform potential in the socioeconomic environment, and their theoretical understanding can be met vary rarely. As a rule, existing works reveal either the technical side of the study object or the regulatory or legal aspects of the applicability of blockchain technologies in the national economy. In this regard, this work attempts to overcome this conditional vacuum of understanding in order to make up for conditions with questions revealing other aspects of the research subject, for example, such as the economic and social effects of introducing blockchain technologies into the activities of business entities. A formalized assessment and scenario modeling of the dynamics of GDP growth in the new institutional business environment is carried out on the basis of the emerging effects assessment caused by the integration of distributed data storage technologies into the system of business operations.

Author(s):  
Marat Rashitovich Safiullin ◽  
Rafis Timerkhanovich Burganov ◽  
Leonid Alekseevich El'shin ◽  
Aliya Aidarovna Abdukaeva

Despite heightened interest of the international and national financial institutions and enterprises of the real economic sector in distributed data storage technologies, there are very few research dedicated to the problems of assessment of blockchain platforms’ potential in socioeconomic environment and their theoretical comprehension. The existing works usually reveal either a technical side of the object of research, or normative legal aspects of applicability of blockchain technologies in national economy. The object of this article is the financial sector of national economy of the Russian Federation. The subject is the relations established between the participants of financial market based on blockchain technologies and the effects thereof. An attempt is made to fill the gaps in studying such aspects as economic and social effects of implementation of blockchain technologies into the activity of economic entities. Based on assessment of the forming effects, caused by integration of the distributed data storage technologies into the system of economic operations, the author carries out a formalized assessment and scenario modeling of the dynamics of GDP growth in the new institutional economic conditions. This research is aimed as strengthening the positions of formalized approaches towards studying the articulated scientific-practical problem on the background of overwhelming dominance of qualitative approaches towards examination of blockchain technologies.


2021 ◽  
Vol 25 (2) ◽  
pp. 145-165
Author(s):  
L. A. El’shin ◽  
V. V. Banderov ◽  
A. A. Abdukaeva

Distributed data storage technologies are becoming an integral part of the modern economy. In this regard, today it is very relevant to a search for formalized approaches to assessing the impact of blockchain technologies on key parameters of macroeconomic generations. The subject of the research is the system of relations between economic entities of the national economy, associated with the perception of blockchain technologies that permeate economic processes. The aim of the study is to develop a methodological toolkit for scenario forecasting of possible consequences for the national economy of the introduction of blockchain technologies into the economic sector. The authors apply methods of cointegration analysis, scenario modeling, substantiation of the studied patterns by methods of regression analysis, etc. The authors use works of foreign and Russian scientists, official data of the Federal State Statistics Service of the Russian Federation as an information and statistical database. The authors systematize positive and negative externalities; propose an algorithm for studying the influence of blockchain technologies on the dynamics of GDP through the transformation of the key parameters of the functioning of the financial and real sectors of the economy; build a model and assess the possible impact on GDP of the integration of blockchain technologies into the economy. As a result, the authors make the following conclusions: to the greatest extent, the integration of blockchain technologies into the business processes of the national economy affects the change in the financial results of credit institutions, an increase in capital liquidity of economic agents, as well as the acceleration of the processes of socialization of channels of access of business entities to financial markets (expanding access of economic agents to exchanges). Scenario modeling of changes in these factors made it possible to establish that the potential for additional GDP growth in the Russian economy can reach about 1% per year as part of the integration of distributed data storage technologies into the system of economic relations. The developed and approved methods for the formalized assessment of the impact of blockchain technologies on the dynamics of economic growth create the basis for clarifying methodological approaches to the study of the problem posed, open up new opportunities for holding discussion platforms on this topic.


2021 ◽  
Vol 311 ◽  
pp. 07001
Author(s):  
Marat Safiullin ◽  
Leonid Elshin ◽  
Aliya Abdukaeva

Prospects for the development of the national economy in the context of integration of blockchain technologies into the system of economic processes indicate the need to develop methods and algorithms for a formalized assessment of their impact on the key parameters of socio-economic dynamics. Meanwhile, if in the scientific and expert space, although it is extremely rare, but still one can find works devoted to certain aspects of this scientific and methodological problem, then, unfortunately, it should be stated that the study of the impact of the technologies under study on certain sectors of the economy does not occur in information-analytical and scientific spaces at all. Unfortunately, the methods of empirical study of the influence of blockchain technologies on the parameters of economic development at the current time not only have not found their consolidated solution, but are completely characterized by fragmentation and patchiness. This study is an attempt to strengthen the positions of formalized approaches to the study of the scientific and practical problem. The paper proposes an algorithm for studying the dynamics of the gross value added of the sectors of the Russian economy through the prism of a possible transformation of the key parameters of the functioning of the financial and real sectors of the economy as a result of the diffusion of blockchain technologies. Relying on the hypotheses put forward, cointegration models were built for the studied types of economic activity, which make it possible to identify the contribution of exogenous factors, corrected under the pressure of penetration of distributed data storage technologies into the economic environment, on the degree of added value growth. This, in turn, made it possible to carry out a cluster analysis of the studied sectors of the economy in terms of their level of sensitivity to institutional transformations caused by the integration of blockchain technologies into the economic environment.


2018 ◽  
Vol 7 (3.12) ◽  
pp. 919
Author(s):  
Vishaka Tiwari ◽  
Kumar Saurav ◽  
M Safa

With market moving towards smart city development, the importance of data and its analysis has increased. According to a report by HIS Market, data generated from IOT devices will increase to 125 billion in 2030. Such huge amount of data is going to bring opportunities for all level of industries and markets. Thus, intelligent collection of data along with storage, processing and analysis will be a key to develop smart city. The information generated through data can target both users and market. It will be a result of various machine learning, data mining algorithms and distributed data storage technologies. The users can access information through web/mobile applications. The real time analysis of data and delivering it to user with no time will reduce accidents. This will increase productivity in hardware and software markets .VCIN the system of interconnected network of vehicles and infrastructure model in which, it focuses on four core modules. The interconnecting modules makes the network of data coming in and out of the system and finally getting displayed on one of our dashboard.  


Author(s):  
Marat R. SAFIULLIN ◽  
Leonid A. ELSHIN ◽  
Aliya A. ABDUKAEVA

Despite the very high interest on the part of international and national financial institutions, enterprises of the real sector of the economy in distributed data storage technologies, studies on the problems of assessing the use of the potential of blockchain platforms in the socioeconomic environment, their theoretical understanding can be met not so often. Existing works, as a rule, reveal either the technical side of the object of study, or the regulatory aspects of the applicability of blockchain technologies in the national economy. In this regard, in order to fill in questions revealing other aspects of the subject of the study, for example, such as an empirical assessment of the economic and social effects of the introduction of blockchain technologies in the activities of business entities, an attempt is made in this paper to overcome this conditional vacuum. The banking sector of the national economy of the Russian Federation was chosen as the object of research. The subject of the study is the relationship built between participants in the financial market on the basis of blockchain technologies, and the resulting effects expressed in the potential to reduce credit risks of banks due to non-fulfillment, untimely or incomplete fulfillment of financial obligations by debtors. In the course of the study, the main directions that reduce the risks under consideration, as a result of minimizing opportunistic models of behavior, are substantiated, possible economic effects for the Russian banking system as a result of the use of blockchain technologies are identified. The most important result of the work is the developed algorithm for determining the parameters for reducing the reserved capital for credit risks as a result of the penetration of blockchain technologies into the banking environment.


2021 ◽  
Vol 295 ◽  
pp. 01048
Author(s):  
Marat Safiullin ◽  
Leonid Elshin ◽  
Alia Abdukaeva

Distributed data storage technologies are becoming an integral part of the modern economy and are beginning to have an increasing impact on the prospects and competitiveness of its development. This, in turn, predetermines the high growth rates of the blockchain technology market in the world. These dynamics will form changes not only in the IT markets, but also in the entire financial and economic systems, penetrated with information, digital decisionmaking processes. In this regard, relying on the functional capabilities of distributed data storage technologies, as well as taking into account the high dynamics of the processes of their penetration into the economic environment, it seems to be a very important and urgent task to develop methodological approaches to assess the risks and opportunities for the national economic system in the context of future changes. It is important to note, that the solution of the problem should, in order to objectify the results, rely on the methods of formalized analysis using the tools of economic and mathematical modeling. Based on this approach to the study of the academic and research problem, the work proposes an algorithm for assessing the influence of blockchain technologies on the dynamics of transformation of key development parameters of separate sectors of the economy. Methodologically, the calculations are based mainly on the construction of a cointegration model, that allows to determine the main effects and potential impact of possible changes in certain areas of economic activity as part of the penetration of blockchain technologies into the economic environment.


2004 ◽  
Vol 46 (4) ◽  
Author(s):  
Thomas Risse ◽  
Predrag Knežević ◽  
Andreas Wombacher

SummaryPeer-to-peer (P2P) computing is currently receiving a great deal of attention. Much of the current attention is focused on the use of P2P computing for exchanging media files. But P2P systems have actually been around for a long time and many application scenarios exist. In this paper we discuss on one hand the evolution of P2P middleware from simple file-sharing to decentralized data storage; on the other hand the impact on the future development of decentralized workflows. Building up a P2P based data storage, with similar properties as a standard data store, opens many research issues. While P2P databases enable distributed data storage, distributed control flows are considered in decentralized workflows. The paper will present several research issues addressing the collaboration and coordination problem in distributed environments without a centralized coordination instance by means of a B2B application scenario.


Author(s):  
D. V. Gribanov

Introduction. This article is devoted to legal regulation of digital assets turnover, utilization possibilities of distributed computing and distributed data storage systems in activities of public authorities and entities of public control. The author notes that some national and foreign scientists who study a “blockchain” technology (distributed computing and distributed data storage systems) emphasize its usefulness in different activities. Data validation procedure of digital transactions, legal regulation of creation, issuance and turnover of digital assets need further attention.Materials and methods. The research is based on common scientific (analysis, analogy, comparing) and particular methods of cognition of legal phenomena and processes (a method of interpretation of legal rules, a technical legal method, a formal legal method and a formal logical one).Results of the study. The author conducted an analysis which resulted in finding some advantages of the use of the “blockchain” technology in the sphere of public control which are as follows: a particular validation system; data that once were entered in the system of distributed data storage cannot be erased or forged; absolute transparency of succession of actions while exercising governing powers; automatic repeat of recurring actions. The need of fivefold validation of exercising governing powers is substantiated. The author stresses that the fivefold validation shall ensure complex control over exercising of powers by the civil society, the entities of public control and the Russian Federation as a federal state holding sovereignty over its territory. The author has also conducted a brief analysis of judicial decisions concerning digital transactions.Discussion and conclusion. The use of the distributed data storage system makes it easier to exercise control due to the decrease of risks of forge, replacement or termination of data. The author suggests defining digital transaction not only as some actions with digital assets, but also as actions toward modification and addition of information about legal facts with a purpose of its establishment in the systems of distributed data storage. The author suggests using the systems of distributed data storage for independent validation of information about activities of the bodies of state authority. In the author’s opinion, application of the “blockchain” technology may result not only in the increase of efficiency of public control, but also in the creation of a new form of public control – automatic control. It is concluded there is no legislation basis for regulation of legal relations concerning distributed data storage today.


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