Blockchain a Challenge for the New Future Mobile Economy

• Main Author: Vasile MAZILESCU
• Format: Article
• Language: English
• Published: Dunarea de Jos University of Galati 2019-04-01
• Series: Annals of Dunarea de Jos University. Fascicle I : Economics and Applied Informatics
• Online Access: http://www.eia.feaa.ugal.ro/images/eia/2019_1/Mazilescu.pdf

This paper analyzes the development and implementation of blockchain technology as a future basis for transforming models, roles and business processes in the context of the new mobile economy. Transparency of transactions must be a common desideratum of all companies involved in the development of blockchain platforms, because only such an approach can enhance widespread adoption. In this respect, close cooperation between companies developing this technology and regulatory authorities is needed to increase confidence and create a framework that takes into account the particularities of this technology. Major technology developers, such as IBM, Oracle and Amazon, have been involved in blockchain services. Other companies have begun to test the technology, establishing the first cases of use and prototypes of blockchain-based solutions. Organizations can start from a low level, but they need to set a goal for the initiative so that other participants can identify it and then be able to align it. Given the fact that blockchain technology is being properly utilized, it has a significant potential to stimulate the transition to more decentralized, safer solutions with a greater potential to conserve resources and mobilize communities.