Full Lenght Article
Prospects for the Development of Blockchain Technologies in the Banking Sector of Uzbekistan

Under a Creative Commons license
Open Access

Abstract

This paper explores the possibilities of using blockchain technologies in the activities of commercial banks, accounting and control of blockchain-based assets.Based on the study, the priorities of using the blockchain in the activities of commercial banks in Uzbekistan have been identified and substantiated. Scientific proposals and recommendations have been developed to improve the implementation of blockchain in the activities of commercial banks.

Keywords

commercial bank
blockchain
technology
digital bank

Declarations

Conflict of Interest Statement

The author (s) declare that the research was conducted in the absence of any commercial or financial relationships that could be construed as a potential conflict of interest.

References

1. Bradley J. (2016) The Energy Efficiency of Bitcoin. Available online: https://www.cryptocoinsnews.com/ energy-efficiency-bitcoin/
2. McLean, J. (2016). Banking on blockchain: charting the progress of distributed ledger technology in financial services. A Finextra white paper produced in associate with IBM.
3. Swan M. (2019). Blockchain Economic Theory: Digital Asset Contracting reduces Debt and Risk. Blockchain Economics. London: World Scientific. Forthcoming.
4. Ayupov, R., & Asraev, U. (2018). The Future of Using Blockchines and ICO (Initial Coin Offering) In Bank-Financial System. International Finance and Accounting, 2018(3), 30.
5. Гулямов С.С., Аюпов Р.Х., Абдуллаев О.М., Балтабаева Г.Р. (2019) Рақамли иқтисодиётда блокчейн технологиялари. Ўқув қўлланма. – Т.: Иқтисод-молия. – 447 б.
6. Zaynalov, J. R., Ahrorov, Z. O., &Akhadov, I. E. (2020). The Importance and Characteristics of Application of Blockchain Technologies in the Tax System. ECLSS Online 2020a, 297.

Bibliographic Information

Verify authenticity via CrossMark
  • Submitted
    12 March 2022
  • Revised
    12 March 2022
  • Published
    12 March 2022