Cryptocurrency as a complex economic system with integrated management with human participation
Abstract. The article analyzes the main properties of cryptocurrencies in interaction with the external environment from the point of view of perceiving their circulation as a complex economic system with built-in management with human participation. The specificity of the new approach to assessing cryptocurrencies has expanded the possibility of obtaining knowledge about them. As part of the study, the author formulated the concepts of cryptocurrencies and the cryptocurrency system, considered the main elements of the latter. The results of the analysis showed that the functioning of cryptocurrencies in a decentralized monetary system is carried out through the unification of its main elements into a single complex cryptocurrency system, each element of which is an independent subsystem with its inherent characteristics. An opinion is formulated that by the nature of origin, the main elements of the cryptocurrency system correspond to the interacting subsystems of a complex economic system with built-in management with human participation, which allows us to further consider cryptocurrency within the framework of its functioning. At the same time, the cognitive resources of people and their interaction with spatio-temporal resources play an important role in the state and functioning of the cryptocurrency system, because thanks to them, the possibility of obtaining previously unknown, newly invented knowledge about it is formed.
Keywords: cryptocurrency, technology, financial sector, socio-cyber-physical system, integration, society.
Highlights:
- the use of human resources in the system management circuit is a distinctive feature of complex economic systems with built-in management with human participation;
- the concept of cryptocurrency should be understood as a modern complex cryptocurrency system consisting of many elements that form a certain integrity of relationships between themselves;
- the main properties of a cryptocurrency system, acting as a special complex economic system with built-in management with human participation, are interactivity, information content and territoriality.
Svetlana N. Kuzmina - Baikal State University, Irkutsk, Russia