The Influence of Blockchain Technology in Driving the Digital Economy Business & Information Systems Engineering

Authors

  • Huong Diệp Study Program Information and Communication Technology, University of Science and Technology of Hanoi (USTH), Vietnam
  • Chau Kieu Study Program Information and Communication Technology, University of Science and Technology of Hanoi (USTH), Vietnam
  • Nhat Nguyên Study Program Information and Communication Technology, University of Science and Technology of Hanoi (USTH), Vietnam

Keywords:

Blockchain Technology, Digital Economy, Decentralization, Smart Contracts, Financial Inclusion

Abstract

Blockchain technology, initially popularized by cryptocurrencies, has emerged as a transformative force with the potential to reshape the global digital economy. Its decentralized, transparent, and immutable nature offers significant advantages in terms of security, efficiency, and trust, which can address many challenges faced by traditional financial systems and digital services. This research explores the influence of blockchain technology in driving the digital economy, focusing on its applications across various industries, the benefits it brings, and the barriers hindering its adoption. Through a comprehensive analysis of case studies, surveys, and industry reports, the study identifies key sectors where blockchain is being implemented, such as finance, supply chain management, healthcare, and government services. The research also highlights the technological, regulatory, and economic challenges that impede the widespread adoption of blockchain and offers insights into strategies for overcoming these obstacles. By examining both the potential and limitations of blockchain, this study contributes to a deeper understanding of how the technology is shaping the future of digital economies. It provides valuable insights for businesses, policymakers, and technologists seeking to leverage blockchain’s capabilities to foster innovation, improve transparency, and reduce operational costs in the evolving digital landscape.

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Published

2023-07-30

How to Cite

Diệp, H., Kieu, C., & Nguyên, N. (2023). The Influence of Blockchain Technology in Driving the Digital Economy Business & Information Systems Engineering. Idea: Future Research, 1(2), 88–96. Retrieved from https://idea.ristek.or.id/index.php/idea/article/view/16

Issue

Vol. 1 No. 2 (2023): July: Idea: Future Research

Section

Articles

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Copyright (c) 2023 Huong Diệp, Chau Kieu, Nhat Nguyên

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