Disruption potential of the distributed ledger technology within the economy of Latvia

Abstract

The main research objective is to identify and analyse significant economic sectors subject to potential disruption from the distributed ledger technology (DLT) within the economy of Latvia. The tasks are 1) to identify sectors subject to disruption from DLT in line with global technological developments, business readiness trends and distributed ledger use cases, 2) to identify sectors generating the most significant output within the economy of Latvia, 3) to analyse interconnections of global trends related to DLT and the areas of potential disruptions to the identified sectors within the economy of Latvia. The research concluded that economic sectors with the most significant output within the economy of Latvia are all subject to disruption from distributed ledger use cases and global DLT trends in the short, medium or long term.