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The application prospect of blockchain technology in the digital economy and finance | Scholar Publishing Group
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The application prospect of blockchain technology in the digital economy and finance

Published Date: May 14th 2024

Page Length: 366

Language: English

ISBN: 978-1-90113-865-8

Price: £36.50


Introduction

Blockchain technology has broad application prospects in the field of digital economy and finance. First, blockchain technology can provide a more secure, transparent and efficient way to transact, helping to reduce transaction costs and accelerate the flow of funds, thereby improving the efficiency of the financial system. Second, innovative forms such as smart contracts and decentralized financial applications (DeFi) will also bring more possibilities to the financial industry, including innovations in asset securitization, cross-border payments and lending. In addition, blockchain technology is also expected to solve the problem of data privacy protection and security in the digital economy, driving the development of areas such as digital identity authentication and supply chain management. Taken together, blockchain technology is expected to lead more innovation in the digital economy and finance, bringing new vitality and opportunities to the development of the industry.


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