BLOCKCHEEN: DEVELOPMENT PROSPECTS AND IMPLEMENTATION CHALLENGES

Abstract

The technology of blocking has emerged not so long ago, but has already become known due to such advantages as security, reliability and openness. It is believed that the block is most often used in the economy, namely, to work with crypto-currencies. Nevertheless, technology can be useful in various industries. The article is devoted to the review of blockade technology, the study of the basic principles of its operation and the ways of applying the technology in various fields. In the course of the study, the history of the appearance of blocking technology was briefly studied and the concept of technology was defined, which is a multifunctional information system distributed throughout the world designed to account for various assets. An analysis was also made of the main advantages, which include: the absence of intermediaries, the unchanged data, as well as the decentralization and openness of information. Along with the advantages, a number of disadvantages inherent in the technology of blocking are revealed. The paper discusses the prospects for applying technology in the economy and in financial spheres; analysis of the use of blocking technology in accounting, reporting, reconciliation of accounts and in the implementation of operations with objects of value. Particular attention is paid to the use of technology in various spheres of life, not related to the economy. On the basis of the study, perspective directions of technology development in Russia and abroad are determined.