Digital Economy And Politics Questions
The role of blockchain technology in the digital economy is to provide a decentralized and secure platform for conducting transactions and storing data. It eliminates the need for intermediaries, such as banks or governments, by allowing peer-to-peer transactions and ensuring transparency and immutability of records. Blockchain technology also enables the creation of smart contracts, which automate and enforce the terms of agreements. Overall, blockchain technology enhances efficiency, trust, and security in the digital economy.