Blockchain Technology, Big Data, and Government Policy as Catalysts of Global Economic Growth

Abstract

This paper examines three key factors that significantly influence the global economy: blockchain technology, big data, and government policy. The first section explores blockchain technology, including its historical development, fundamental working principles, and applications beyond cryptocurrency. It also analyzes how blockchain enhances transparency, efficiency, and trust, thereby contributing to global economic growth. The second section focuses on big data, explaining its definition, core characteristics, and the ways it improves organizational decision-making, efficiency, and innovation. Additionally, it discusses the future potential of big data and its expanding role in driving economic development worldwide. The third section highlights the importance of government and policy in strengthening the global economy by examining the government’s role in economic regulation and stability. It provides examples of existing policies and proposes additional measures that governments can implement to promote sustainable economic growth.