IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v16y2024i1p442-d1312899.html
   My bibliography  Save this article

Blockchain Architectures for the Digital Economy: Trends and Opportunities

Author

Listed:
  • Magda Pineda

    (Department of Systems and Computer Engineering, Engineering Division, Universidad del Norte, Barranquilla 081007, Colombia)

  • Daladier Jabba

    (Department of Systems and Computer Engineering, Engineering Division, Universidad del Norte, Barranquilla 081007, Colombia)

  • Wilson Nieto-Bernal

    (Department of Systems and Computer Engineering, Engineering Division, Universidad del Norte, Barranquilla 081007, Colombia)

Abstract

The digital economy, driven by information and communication technologies (ICT), has profoundly transformed in recent decades. The digitalization of society has given rise to an economic environment in which information, connectivity, and innovation play fundamental roles. In this context, a technology that has emerged as a fundamental pillar of the digital economy is the chain of blocks, commonly known as blockchain. Blockchain is a technology that has revolutionized the way online data and transactions are managed and shared. Through its ability to create secure, transparent, and decentralized ledgers, blockchain has paved the way for the digital economy, facilitating trust in digital transactions and enabling various applications ranging from cryptocurrencies to supply chain management and intellectual property. This study will delve into blockchain and its influence on the digital economy. It will explore how this technology has reshaped how companies interact, how consumers access services, and how new business models are developed in a constantly evolving digital environment. Additionally, the challenges and opportunities that blockchain presents in the context of the digital economy will be analyzed, and how it is helping to shape the future of business and society in general. As the exploration of blockchain and its impact on the digital economy progresses, it becomes evident how these two forces converge, generating a promising digital landscape full of significant opportunities and transformations. This phenomenon is consistently supported by a growing body of research and analysis, which underlines the growing influence of blockchain on the global economy. The dynamic interplay between these two spheres, blockchain and the digital economy, is constantly evolving and offers an exciting glimpse into the future regarding innovation and disruption across a wide range of sectors. As a result, significant opportunities are looming for those seeking to understand and capitalize on these emerging trends. Throughout this study, the current trends and most intriguing perspectives that shape this landscape will be broken down, offering a deeper insight into how blockchain and the digital economy are shaping an extraordinary digital future.

Suggested Citation

  • Magda Pineda & Daladier Jabba & Wilson Nieto-Bernal, 2024. "Blockchain Architectures for the Digital Economy: Trends and Opportunities," Sustainability, MDPI, vol. 16(1), pages 1-20, January.
  • Handle: RePEc:gam:jsusta:v:16:y:2024:i:1:p:442-:d:1312899
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/16/1/442/pdf
    Download Restriction: no

    File URL: https://www.mdpi.com/2071-1050/16/1/442/
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:16:y:2024:i:1:p:442-:d:1312899. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.