Blockchain innovative technology as a communication basis for the digital economy formation

Abstract

The innovative blockchain technology is still in its infancy, and some researchers still treat it with a degree of distrust. However, among the features of its application and its inherent features, one can identify a severe potential that eliminates the current level of such distrust. Note that the “blockchain” concept has been actively discussed along with the cryptocurrency growing popularity. There is a strong belief that this technology can be a real breakthrough in economics, finance, and secure databases. The blockchain consists of a chain of blocks being stored on different computers containing a timestamp and a link to the previous block.