Using blockchain technologies to increase transparency and efficiency of investment processes in the region

Authors

  • Nikita S. Zarechensky Sibur LLC

Keywords:

blockchain, investment, transparency, efficiency, region, digital economy, big data

Abstract

This article discusses the use of blockchain technologies in order to increase transparency and efficiency of investment processes in a regional context. The relevance of the topic is due to the need to develop innovative approaches to investment management in the context of global digitalization of the economy. The purpose of the study is to analyze the potential of using blockchain technologies to optimize investment activities at the regional level. Research materials and methods include the study of scientific publications, reports of international organizations and statistical data related to the implementation of blockchain in the investment sector. Methods of system analysis, comparison, generalization and synthesis of information were used. Quantitative indicators such as transaction speed, security level, and degree of decentralization were used to assess the effectiveness of blockchain solutions. As a result of the conducted research, it was revealed that blockchain technology is able to significantly increase the transparency of investment processes by creating an immutable transaction registry accessible to all participants of the system. According to the World Economic Forum, the introduction of blockchain can provide an increase in global GDP by 1.76 trillion dollars by 2030. At the regional level, blockchain allows you to reduce transaction costs by 30%, speed up transaction processing by 10 times and increase data security by up to 99%. Examples of successful cases of blockchain application in investment activities are given, such as the Meridio platform for real estate tokenization and the Hyperledger Fabric system for supply chain management. The results obtained confirm the prospects of using blockchain technologies to improve investment processes at the regional level. Further research may be aimed at developing specific methods and standards for the implementation of blockchain in the practice of investment management, taking into account the specifics of individual regions.

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Published

2024-06-15

How to Cite

Zarechensky, N. S. (2024). Using blockchain technologies to increase transparency and efficiency of investment processes in the region. Bakery of Russia, 68(2), 193–200. Retrieved from https://hbreview.ru/index.php/hb/article/view/61

Issue

Section

MARKETING AND FINANCE

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