Prospects and challenges Report From Using blockchain to promote sustainable development
The following is the Prospects and challenges Report From Using blockchain to promote sustainable development recommended by recordtrend.com. And this article belongs to the classification: Blockchain, research report.
In an increasingly digital economy and society, the security and accountability system of data transaction are the key factors to create trust and realize breakthrough innovation in the digital world. In this regard, blockchain technology can change the rules of the game, and may completely change the process from finance to pharmaceutical industry, from government public services to humanitarian work and development assistance. As the basic technology of cryptocurrency, blockchain realizes open (point-to-point), secure and fast transaction. The application of blockchain has been extended to various financial transactions (such as online payment and exchange platform), Internet of things (IOT), health system and supply chain.
However, scalability related issues, privacy issues, uncertain regulatory standards, and technical integration with existing applications pose some potential market constraints. There is also a risk that the potential of blockchain to solve development problems has been exaggerated to some extent by its early adopters and technology media, and may not be so applicable to developing and least developed countries.
What new uses of blockchain can be a breakthrough to accelerate the realization of sustainable development goals? What are the potential adverse social and economic impacts of this technology? How can the government make the best use of opportunities and reduce risks?
The main message of the report is that blockchain technology can be used in many applications that contribute to sustainable development. However, at present, the focus of blockchain innovation is the financial application separated from the real economy. For most innovations in this field, the goal is to obtain rent through financial intermediaries and the speculative income of encrypted financial assets, rather than creating real value through new products and services. Such behavior, coupled with lack of regulation and rapid innovation, is a receipt for financial bubbles and breakup.
At the same time, blockchain may be the key technology in a new technology paradigm, that is, increasing automation and integrating physical and virtual worlds, as well as artificial intelligence (AI), robotics and gene editing. In the early stages of the installation of this new paradigm, the real long-term economic, social and environmental impact of these technologies remains unclear. Similar moments in the past technological revolution provided opportunities for some developing countries to catch up and others to forge ahead. Therefore, the governments of developing countries should try to strengthen their innovation systems and put themselves in a strategic position in order to benefit from this new wave of technological change.
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