Creation, institutionalization and legal regulation of Blockchain: aspects of international experience
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Innovative Financial Strategies in Land Use: The Role and Impact of Blockchain Technology
Introduction. In today’s rapidly evolving world the land use sector faces numerous challenges, including the need to adapt to rapidly changing economic conditions, integrate innovative technologies, and ensure transparency, efficiency, and sustainability in land resource management processes. Globalization and the development of information technologies impose new requirements on land use management, particularly regarding minimizing the risks of non-transparency, bureaucracy, and financial misconduct inherent in traditional methods. In this context, blockchain technology, known for its role in the world of cryptocurrencies, emerges as a promising tool for transforming financial strategies in land use, offering fundamentally new approaches to development, transparency, and security. Objective. To study the opportunities and impact of blockchain technology on the development of innovative financial strategies in land use. Results. The analysis of the study showed that the application of distributed ledger technologies in land use provides significant opportunities to increase transparency, efficiency, and security in land resource management. The use of such approaches contributes to process automation, reduction of administrative costs, and ensuring the accuracy of land registry data. The study also revealed that the integration of decentralized registries with other modern technologies opens up new opportunities for the development of smart city concepts and sustainable land use. However, at the same time, challenges were identified related to technical limitations, the need for changes in the regulatory environment, and the need to increase the level of trust and understanding of the technology among all participants in the process. Considering these results, it can be concluded that although distributed ledger technologies have significant potential for transforming the land use sector, their effective implementation requires a comprehensive approach and further research. Perspectives. The application of blockchain in land use is promising. This technology paves the way for the creation of innovative financial strategies that can radically transform land resource management. Firstly, the tokenization of land assets allows the conversion of property rights into digital tokens, providing greater liquidity and attracting new investors. Secondly, smart contracts automate land transaction processes, increasing efficiency and reducing the risk of errors. Moreover, blockchain creates new opportunities for project financing through crowdfunding, peer-to-peer lending, and provides transparent systems for trading land assets. Integration with other technologies, such as the Internet of Things and Artificial Intelligence, opens up prospects for the development of “smart city” concepts and sustainable land use. However, to fully realize this potential, changes in the regulatory environment, overcoming technical limitations, and increasing the level of trust and awareness among all participants in the process are necessary.
Innovative Financial Strategies in Land Use: The Role and Impact of Blockchain Technology
Introduction. In today’s rapidly evolving world the land use sector faces numerous challenges, including the need to adapt to rapidly changing economic conditions, integrate innovative technologies, and ensure transparency, efficiency, and sustainability in land resource management processes. Globalization and the development of information technologies impose new requirements on land use management, particularly regarding minimizing the risks of non-transparency, bureaucracy, and financial misconduct inherent in traditional methods. In this context, blockchain technology, known for its role in the world of cryptocurrencies, emerges as a promising tool for transforming financial strategies in land use, offering fundamentally new approaches to development, transparency, and security. Objective. To study the opportunities and impact of blockchain technology on the development of innovative financial strategies in land use. Results. The analysis of the study showed that the application of distributed ledger technologies in land use provides significant opportunities to increase transparency, efficiency, and security in land resource management. The use of such approaches contributes to process automation, reduction of administrative costs, and ensuring the accuracy of land registry data. The study also revealed that the integration of decentralized registries with other modern technologies opens up new opportunities for the development of smart city concepts and sustainable land use. However, at the same time, challenges were identified related to technical limitations, the need for changes in the regulatory environment, and the need to increase the level of trust and understanding of the technology among all participants in the process. Considering these results, it can be concluded that although distributed ledger technologies have significant potential for transforming the land use sector, their effective implementation requires a comprehensive approach and further research. Perspectives. The application of blockchain in land use is promising. This technology paves the way for the creation of innovative financial strategies that can radically transform land resource management. Firstly, the tokenization of land assets allows the conversion of property rights into digital tokens, providing greater liquidity and attracting new investors. Secondly, smart contracts automate land transaction processes, increasing efficiency and reducing the risk of errors. Moreover, blockchain creates new opportunities for project financing through crowdfunding, peer-to-peer lending, and provides transparent systems for trading land assets. Integration with other technologies, such as the Internet of Things and Artificial Intelligence, opens up prospects for the development of “smart city” concepts and sustainable land use. However, to fully realize this potential, changes in the regulatory environment, overcoming technical limitations, and increasing the level of trust and awareness among all participants in the process are necessary.
Legal aspects of regulation of cryptocurrencies and blockchain technologies in Ukraine
Introduction. Currently, there is an urgent need to regulate the functioning of cryptocurrency markets in the context of the evolution of social relations. The rejection of the bill aimed at regulating the cryptocurrency market does not have sufficient financial and legal justification, as evidenced by expert opinions and textual analysis, which revealed the narrow approach of the drafters of the bill to solving cryptocurrency issues. Moreover, since the current law of Ukraine "On Virtual Assets" defines cryptocurrencies as unsecured virtual assets, the issue of cryptocurrencies is practically removed from the agenda. At a time when the war with Russia has begun, and the general defense and financial security of Ukraine needs to be strengthened by the state and government, it seems unjustified to ignore not only threats to national security, but also potential sources of financial growth. The purpose of the paper is to clarify the legislative framework regarding cryptocurrencies and the legal status of cryptocurrency market participants in Ukraine. Results. The paper examines the peculiarities of the development of financial and legal regulation of the cryptocurrency market in connection with globalization processes. The main attention is paid to the problems that arise in connection with attempts to solve the issue of regulation of the crypto-currency market partially at the national legislative level, without actively promoting it at the international level. It is shown that international cooperation in the field of regulation of cryptocurrency markets should be based on the principles of international law. In the context of regulating the functioning of cryptocurrency markets in the context of globalization, a set of principles has been formed that can be worked on to harmonize national and international interests. Conclusion. Since the cryptocurrency market is an important component of the transnational global economy, an important condition for the effective response of law-making bodies to dynamic changes in social relations in the context of globalization is the timely formulation of the principles of development of the financial and legal regulation of the cryptocurrency market at various levels. It is argued that this should happen through the timely formulation and implementation of the principles of financial and legal regulation of the cryptocurrency market at various levels.
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