Blockchain in Public Administration: Worldwide Experience

摘要

The article discusses the main approaches to the blockchain technology for managing financial flows between enterprises, and between the state and enterprises. The entry of Ukraine into the global information space and the introduction of cryptocurrency in the domestic financial market will expand the investment market and provide targeted budgetary investments to national producers. They, in turn, can increase production through final product, services, net exports or the creation of products that replace imported ones. Three important functions of the blockchain technology-based financial services sector have been proposed: registration of transactions in an enterprise, identity verification (legal address), and contracting. The principles of state policy in the field of financial institutions in the cryptocurrency market are considered. Operations on the cryptocurrency market carried out by their participants at their own risk are described. The article discusses state guarantees for the observance and protection of property and other rights and legal interests of professional participants of the cryptocurrency market and other persons engaged in mining or operations with cryptocurrency, conditions of free competition in the provision of financial services in the cryptocurrency market.