Directions and features of application of the blockchain technology

Abstract

The article presents the results of the study of the blockchain technology. The main barriers of technology implementation were identified and ways for their elimination were suggested. Advantages and disadvantages of the technology were identified. It allowed for studies of feasibility of technology implementation for performing social and economic infrastructure tasks. The issue of effective application of this technology was studied. In Russia, the blockchain technology has been discussed by the Government of the Russian Federation and the State Duma. Despite some advantages, only in some countries, the blockchain technology is used in business processes. The blockchain technology can be used to solve logistics problems, data security tasks, political, economic and medical problems.