| | PROBLEMS OF MODERN ECONOMICS, N 1 (69), 2019 | | FINANCE AND CREDIT SYSTEM: BUDGET, CURRENCY AND CREDIT REGULATION OF ECONOMY, INVESTMENT RESOURCES | | Kljuchnikov I. K. Academic supervisor, International Banking Institute, Chair of Credit Theory and Financial Management, St. Petersburg State University, PhD (Economics), Professor Molchanova O. A. Chair of Economic Theory and the History of Economic Thought, St. Petersburg State University of Economics, PhD (Economics), Professor Kljuchnikov O. I. Senior lecturer, Chair of Banking Business and Innovative Financial Technologies, International Banking Institute (St. Petersburg), PhD (Economics)
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| The authors focuses on a new conceptual model that can serve the basis for managing decentralized financial assets, defines the vector development of the financial market with regards to involvement of blockchain platforms and decentralized application (DApps) in the creation of the new type of assets, and describes these major types. Blockchain technology is seen as a platform of the new class of assets, the basis for creating digital copies of various assets, for application of their online management, and for transitioning from centralized to decentralized mechanism of decision making. As a result, the role and the significance of self-regulating market participants increases. The article presents two aspects of blockchain technology participation in the development of finances: digitalization of financial assets on the basis of a new group of decentralized applications and development of decentralized mechanism of their management. The authors analyze the application of distributed ledger technology (DLT) in finances with regards to financial theory, information technologies and mathematics, and implement a new conceptual construction: information-and-finance assets, as well as their decentralized management. | Key words: blockchain, decentralized system, financial assets, digitalization of financial assets, assets management | Pages: 106 - 110 |
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