Prof. Constantin ANGHELACHE PhD (actincon@yahoo.com)
Bucharest University of Economic Studies / „Artifex” University of Bucharest
Abstract
Blockchain is a concept that tends to revolutionize the world of finance in a technological leap that allows fast, secure and decentralized transactions. The Blockchain technology is used in virtual coins (bitcoin) conditions, with a high innovation potential, applicable in various areas, with the advantage of storing databases, resulting in an unprecedented level of transparency in the private or public area. The financial-banking field tends to become a critical infrastructure that can quickly change the state of affairs. The effects of the financial transfers represent the second flow of foreclosure in the free market. The economic circuit implies the existence of information specific to a private or public area. The term bank transfer has a broad and complex meaning, with rapid transfers without a “defined bank account”, intra / interbank transfers, transfers between private companies and state institutions, or between the European Central Bank and the International Monetary Fund. International trade activity is quite well developed and developed in all countries, and even more so in the European Union. Market research is of particular importance for the realization of goods exchanges through imports and exports. All companies try to have access to the most complete databases in order to base their decisions on imports and exports on their basis. Usually, the study of the market and the investment fields is insufficient and as such the effectiveness of the project is reduced. Under the very big data base, investors will have the chance to have information that needs to be used in a short time, and such opportunities need to be endowed with ultra-modern information systems.
Keywords: blockchain, big data, international trade, investments, information system,
Clasificare JEL: C55, E22, G14
