Prospects for the development of digital financial assets

Diana Milos and Vladimir Gerasenko
Additional contact information
Diana Milos: Belarusian State Economic University
Vladimir Gerasenko: Belarusian State Economic University

University Economic Bulletin, 2020, issue 44, 56-63

Abstract: Actuality of the research topic: development and implementation of technological innovations related to digital financial assets will improve the efficiency of banking products and services, and will contribute to the economic growth of any state, providing faster payments, the ability to process and store a large amount of data, the ability to manage identification, attracting resources for investment activities and improving the level of efficiency of all business entities. Problem statement: the formation of scientific and methodological tools for assessing the development of digital financial assets is a relatively new area of world and Belarusian applied science. The problems associated with the system analysis of the development of digital financial assets are currently not sufficiently developed. The purpose of the research: to study the essence, identify global trends and assess the factors of development of digital financial assets in the Republic of Belarus to determine the prospects for its development. Methods of the research: generalization, systematization, classification, SWOT-analysis. The results of the research: the author's definition of the term «digital financial assets» is given and the classification is proposed, trends and factors of development of one of the most innovative digital financial assets – cryptocurrency – are identified, a SWOT-analysis of the development of cryptocurrencies in Belarus is conducted and priority directions of its development are defined. The field of the results application: financial and bankingspheres.

Keywords: digital financial assets; classification; cryptocurrency; transaction; token; mining; digitalization; digital fiat money; factors; SWOT-analysis; development priorities (search for similar items in EconPapers)
Date: 2020
References: Add references at CitEc
Citations:

Downloads: (external link)
https://economic-bulletin.com/index.php/journal/article/view/627/646 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aff:colart:y:2020:i:44:p:56-63

DOI: 10.31470/2306-546X-2020-44-56-63

Access Statistics for this article

University Economic Bulletin is currently edited by Tetiana Rybakova

More articles in University Economic Bulletin from Hryhorii Skovoroda University in Pereiaslav, Faculty of Financial, Economic and Vocational Education Contact information at EDIRC.
Bibliographic data for series maintained by Svitlana Kucherenko ().