Innovative Financial Technologies and their Role in Ensuring Basic Income Payments and Social Stability
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This paper examines the impact of innovative financial technologies on social stability and the possibility of implementing basic guaranteed income (UBI, BGI) as one of the most important elements of social policy in the digital transformation of the economy. Modern financial technologies such as blockchain, digital currencies, artificial intelligence and biometrics are becoming powerful tools for implementing the concept of basic income and improving social protection mechanisms, ensuring transparency, accessibility and efficiency of social benefits distribution.
One of the key aspects of the article is to explore the potential of digital currencies, including innovative forms such as social digital currencies (SDC), to provide direct cash transfers to citizens, especially in the context of economic instability and global crises. Particular attention is paid to analysing the opportunities that digital platforms and cryptocurrencies offer for improving financial inclusion and ensuring equal access to basic social goods.
The author also considers the role of artificial intelligence in data analysis, which makes it possible to create personalised distribution models that take into account the individual needs and socio-economic status of citizens. The introduction of biometric technologies and blockchain systems for identity verification and monitoring of social payments provides new perspectives for combating fraud, improving social security.
In addition, attention is paid to the risks and challenges associated with the digitalisation of social benefits, such as data privacy issues, digital inequality and possible security threats. The article proposes an integrated approach to the regulation and standardisation of financial technologies to ensure fairness and efficiency of social programmes.
Thus, innovative financial technologies open new horizons for the creation of sustainable and equitable social protection systems aimed at improving the quality of life of citizens and fighting poverty. The article emphasises the importance of their integration into existing social policy mechanisms and in further developing the concept of basic income security as a means of ensuring economic security and social justice in the future.
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