Abstract:

The article considers the essence of the Blockchain Technology and provides a comparative description of the open and closed types of the Blockchain Technology. The classification of cryptocurrencies is first proposed. The main stages of cryptocurrencies development and their brief description are presented. The architecture of the relations development between the subjects of economic activity (infrastructure) as the formation of the cryptoassets market is described. The aim of the study is to analyze the features of the Blockchain Technology and study the stages of infrastructure support formation for the cryptoassets market with its further development forecast. In the course of the study, the authors came to the following conclusions: the emergence of the Internet has influenced the development of commodity-money relations between business entities, changing the culture of consumption of goods and services. The widespread use of the Internet has led to the architectural changes and shifts in the economy. The transformation of the economy into a new format – the digital economy – is taking place. The emergence of electronic money and digitization of business processes has generated new forms of communication. Transetterness phenomenon of “cryptocurrencies” and their popularization influenced the formation of new infrastructures: the emergence of new types of services, professions, institutions, market participants, forms of investment, etc. The processes of digitalization of the economy are inevitable. At this stage of development, the company needs to establish “the game rules” and develop effective mechanisms for the infrastructure support formation for the cryptoassets market.