Multidisciplinary Journal of Science and Technology

BLOCKCHAIN TECHNOLOGY AND ITS IMPACT ON THE ECONOMY.

Karimova Shakhlo Sadritdinovna

Uzbekistan, Samarkand region

Keywords: blockchain, transparency, bitcoin, security, hash, distributed ledger, virtual machines, users, transactions.

Abstract

This article examines the impact of blockchain technology on the economy. Blockchain, as a decentralized and secure data storage system, is bringing revolutionary changes to the fields of financial services, trade and logistics, social issues, and innovation.

The article highlights the following aspects: Speed and cost reduction, the introduction of digital currencies by central banks. Tracking products and accelerating international payments. Financing social projects and ensuring environmental sustainability. New economic models such as De Fi and NFT. In the future, blockchain technology is expected to expand further and play a significant role in making economic systems more efficient and transparent. The article analyzes in depth the opportunities and challenges of this technology.

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