SLR ABOUT THE COSTS OF PRIVATE BLOCKCHAIN TECHNOLOGY FOR BUSINESSES

Since the appearance of Bitcoin (2009), blockchain technology has been used in many fields. Companies use it for financial services, goods tracking, data authentication and secure storage, among other things, in order to make their operations more transparent and efficient. This technology has revolutionized the data management and transaction processing, but the associated costs are also significant and relevant to understand. The costs of blockchains vary and depend on the type of blockchain and how it is used. In this article, we examine the costs of using blockchain technology based on international literature, studies and reports with systematic literature review. In the results the range of possibilities offered by technology is presented, as well as the technology related cost types, and expenditures what companies have to deal with.

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Publication Details

Journal
Economica
Published
2024-11-13
DOI
https://doi.org/10.47282/economica/2024/15/3-4/14283
Citations
3
Primary Topic
Blockchain Technology Applications and Security
Type
article
Field-Weighted Citation Impact
2.34
Controls
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article

SLR ABOUT THE COSTS OF PRIVATE BLOCKCHAIN TECHNOLOGY FOR BUSINESSES

Adrian Szilárd Nagy, Péter Nagy
3 citations
Economica
Blockchain Technology Applications and Security
2.34
article

SLR ABOUT THE COSTS OF PRIVATE BLOCKCHAIN TECHNOLOGY FOR BUSINESSES

Adrian Szilárd Nagy, Péter Nagy
article en
3 citations

Abstract

Since the appearance of Bitcoin (2009), blockchain technology has been used in many fields. Companies use it for financial services, goods tracking, data authentication and secure storage, among other things, in order to make their operations more transparent and efficient. This technology has revolutionized the data management and transaction processing, but the associated costs are also significant and relevant to understand. The costs of blockchains vary and depend on the type of blockchain and how it is used. In this article, we examine the costs of using blockchain technology based on international literature, studies and reports with systematic literature review. In the results the range of possibilities offered by technology is presented, as well as the technology related cost types, and expenditures what companies have to deal with.

EconomicaVol. 15(3-4)
University of Debrecen (HU)
Industry, innovation and infrastructure
Openalex Percentile: Top 9%
Blockchain Technology Applications and Security
2.34
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