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The Economics of Innovation: Blockchain Technology

Year: 2024

Type: article

Abstract: Blockchain technology has evolved beyond its initial association with cryptocurrencies to become a foundational technology poised to revolutionize various industries. Its decentralized, transparent, and immutable structure offers unique opportunities to improve operational efficiency, enhance security, and drive innovation across financesector. This paper explores the transformative impact of blockchain, focusing on how it changes economic structures, reduces costs, and generates new business models. It also examines the cost-benefit implications of adopting blockchain, addressing both short-term challenges and long-term advantages.

Source: RePEc: Research Papers in Economics

Author: CSOSZ CSONGOR

Language: English

Topic: Blockchain Technology Applications and Security

Subfield: Information Systems

Field: Computer Science

Domain: Physical Sciences

SDGs: Industry, innovation and infrastructure, Decent work and economic growth

Open Access status: green

OpenAlex ID: W6981260866

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