BSU bulletin. Economy and Management
Bibliographic description:
, TRANSACTIONAL EFFECTS OF BLOCKCHAIN TECHNOLOGIES DEVELOPMENT // BSU bulletin. Economy and Management. - 2020. №4. . - С. 127-132.
Title:
TRANSACTIONAL EFFECTS OF BLOCKCHAIN TECHNOLOGIES DEVELOPMENT
Financing:
The reported study was funded by RFBR according to the research project № 19-010- 00352: Scenarios of overcoming the consumer digitalization resistance on the digital platforms market
Codes:
Annotation:
The article discusses the existing institutional approaches to the analysis of blockchain technologies. Blockchain is considered as an institutional technology that generates
multidirectional transactional effects with different quality and transactional value for users.
Possible transactional effects of blockchain technology can manifest in the ability to multiplicatively change transaction costs (to reduce for some entities, and, on the contrary, to increase for others) and generate additional institutional results for transaction participants,
and specifically in interaction with other institutional technologies (digital platforms). The
development of digital technologies, and, in particular, digital platforms, creates new types
of transaction costs — the costs of resisting digitalization and the costs of digital resistance.
The transactional effects of blockchain platforms may partially diffuse the problem of resistance to digitalization, i. e. reduce transaction costs of the first type, but at the same time
they may exacerbate the problem of digital resistance due to the conflicting convergence of
non-formal norms and formal algorithms of blockchain platforms. The loyalty to this institutional technology depends on the institutional result of particular user.
multidirectional transactional effects with different quality and transactional value for users.
Possible transactional effects of blockchain technology can manifest in the ability to multiplicatively change transaction costs (to reduce for some entities, and, on the contrary, to increase for others) and generate additional institutional results for transaction participants,
and specifically in interaction with other institutional technologies (digital platforms). The
development of digital technologies, and, in particular, digital platforms, creates new types
of transaction costs — the costs of resisting digitalization and the costs of digital resistance.
The transactional effects of blockchain platforms may partially diffuse the problem of resistance to digitalization, i. e. reduce transaction costs of the first type, but at the same time
they may exacerbate the problem of digital resistance due to the conflicting convergence of
non-formal norms and formal algorithms of blockchain platforms. The loyalty to this institutional technology depends on the institutional result of particular user.
Keywords:
digital platforms; blockchain; digital resistance; digitalization.
List of references:
Article.pdf