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A descriptive and formalized analysis of the digital economy's development in Russia: A case study of the assessment of demand for blockchain technology

Vol. 25, Iss. 7, JULY 2019

Received: 28 May 2019

Received in revised form: 11 June 2019

Accepted: 25 June 2019

Available online: 1 August 2019

Subject Heading: THEORY OF FINANCE

JEL Classification: C40, E44, E60, F62, F63

Pages: 1586–1603

https://doi.org/10.24891/fc.25.7.1586

Safiullin M.R. Kazan (Volga Region) Federal University (KFU), Kazan, Republic of Tatarstan, Russian Federation
Marat.Safiullin@tatar.ru

https://orcid.org/0000-0003-3708-8184

El'shin L.A. Center for Advanced Economic Studies of Tatarstan Academy of Sciences, Kazan, Republic of Tatarstan, Russian Federation
Leonid.Elshin@tatar.ru

https://orcid.org/0000-0002-0763-6453

Abdukaeva A.A. Center for Advanced Economic Studies of Tatarstan Academy of Sciences, Kazan, Republic of Tatarstan, Russian Federation
Aliya.Abdukaeva@tatar.ru

https://orcid.org/0000-0003-1262-5588

Subject This article deals with the methodological approaches to formalized assessment of the development of certain components of the digital economy, in particular considering the case of blockchain technologies.
Objectives The article aims to develop and test the diagnostic tools for the development of the demand for financial and economic relations mechanisms based on the principles of integration into the socioeconomic environment of blockchain technologies.
Methods For the study, we used the methods of descriptive and formalized estimative analysis.
Results The article proposes certain approaches to assessing the level of blockchain technologies coverage of the socioeconomic environment, and on their basis, it determines and quantifies the main parameters and characteristics that reveal key features of the emerging demand dynamics for distributed data storage technologies in the Russian Federation between 2015 and 2018.
Conclusions and Relevance The systemization of the studied data helps form a blueprint for scientific research aimed at finding and constructing formalized models of the impact of blockchain technologies on the parameters of economic development of the national economy. The approach should be used in research to assess the current and prospective parameters of the effectiveness of individual components of the digital economy.

Keywords: blockchain, digital economy, economic development, State regulation

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