THE INTRODUCTION OF BLOCKCHAIN TECHNOLOGIES TO OUR COUNTRY AND THEIR IMPACT ON THE ECONOMY

Fazliddin Arzikulov; Lazizjon Tolibjonov

Authors

Fazliddin Arzikulov Assistant at the Department of Biomedical Engineering, Informatics and Biophysics, Tashkent State Medical University, Tashkent Uzbekistan
Lazizjon Tolibjonov Student of the University of World Economy and Diplomacy, Tashkent Uzbekistan

Keywords:

Blockchain technology, economic impact, digital transformation, national economy, transparency, efficiency, financial sector, supply chain, innovation, regulatory challenges, public administration, digital economy.

Abstract

This article explores the integration of blockchain technologies into our country's economic landscape and investigates their potential influence on various sectors. It outlines the basic principles of blockchain and examines its possible applications in enhancing efficiency, transparency, and security across industries such as finance, logistics, and public administration. The research highlights how blockchain could revolutionize economic processes by reducing operational costs, improving data integrity, and facilitating faster transactions. Additionally, the article discusses the obstacles that may hinder its widespread adoption, including regulatory challenges, infrastructure limitations, and the need for technical expertise. Finally, the article reflects on the long-term economic benefits of embracing blockchain, particularly in terms of fostering innovation and strengthening the country's position in the global economy.