Exploring the economic logic of the application scenario of blockchain technology—Analysis based on the perspective of information economics

Abstract

Blockchain technology, as an emerging distributed ledger technology, has attracted wide attention in various industries. From the perspective of information economics, this paper discusses the application scenarios and economic logic of blockchain technology in economic activities. The basic principles and characteristics of blockchain technology are outlined, emphasizing its advantages such as tamper-proof data records, decentralized trust mechanism and smart contracts. The application scenarios of blockchain technology are analyzed in the fields of supply chain management, financial services, logistics management and so on, combined with the theories of information asymmetry and incomplete information economics, and the economic logic behind the application of blockchain technology is expounded. Finally, this paper summarizes the positive role of blockchain technology in improving market efficiency, reducing transaction costs and improving information symmetry, and prospects the development trend of blockchain technology in the future. This paper aims to provide researchers and practitioners with an economic analysis framework and ideas on the application of blockchain technology, and to promote the in-depth discussion and development of this field.