ECONOMIC EFFECTS OF IMPLEMENTING BLOCKCHAIN TECHNOLOGY IN PUBLIC ADMINISTRATION: ANALYSIS OF TRANSPARENCY AND REDUCTION OF TRANSACTION COSTS

The article analyzes the economic effects of implementing blockchain technology in public administration, with an emphasis on increasing transparency, reducing transaction costs and strengthening public trust. Key characteristics of blockchain, such as decentralization, data immutability and cryptographic protection, as well as their impact on the optimization of administrative processes are considered. Based on international experience, including cases of Estonia, Georgia, Singapore, the UAE, Sweden and Australia, economic benefits and challenges are assessed.