Exploring the Impact of Blockchain Technology on the Development of Digital Economy

Tianhong Feng · Academic Journal of Business & Management · 2022

The development of blockchain technology has attracted attention from all walks of life around the world, and at this stage it has promoted the transformation and upgrading of the digital economy. The blockchain is essentially a recording system. Since each recording system needs to be stored in blocks, the ID of each block forms a chain-like structure before and after the recording time. For the development of the digital economy, the blockchain has a more complete system support. With the effective integration of digital technology and the real economy, the position occupied by blockchain technology is becoming more and more important. Therefore, exploring the impact of blockchain technology on the development of the digital economy and building a new infrastructure for the development of the digital economy can ensure the order of the operation of China's digital economy.

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