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Title: Social and Economic Foundation of the Implementation of Blockchain-Based Systems of Digital Assets in Developing Countries
Authors: Kud, A. A.
Pypenko, I. S.
Кудь, А. А.
Пипенко, І. С.
Issue Date: 30-Nov-2018
Publisher: International Journal of Education and Science
Series/Report no.: Volume 1, №3-4 2018;
Abstract: The system of digital assets is built on a revolutionary technology, the so-called Blockchain. Blockchain is a public distributed ledger, which constitutes a sequential chain of generated transaction blocks built according to certain rules. Each subsequent block of the structure contains information about the previous block, so on the whole, the chain stores the entire history of completed transactions, which cannot be modified or deleted. At the same time, through the use of an open standard system, unification of the processes of collecting, consolidating and storing all data is achieved. The transparency and security of the data stored in the Blockchain ensures unprecedented trust and effective interaction between users. The author, A. A. Kud, developed the original concept of the Bitbon System based on the Blockchain technology with technological, software and methodological support and with legal supervision of its implementation.
Appears in Collections:Vol. 1, No. 3-4, 2018

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