Enabling the digital economy - distributed ledger technologies for automating IP licensing payments

The presented study addresses the current problems in the implementation of the distributed ledger (blockchain) technology in supply chain management mechanisms in the context of the digital economy. Aim. The study aims to analyze the application of the blockchain technology in modern economic processes from the perspective of logistics.Tasks. The authors consider the possibility of using the blockchain technology in the supply chain management system and explore ways to use the findings of the Eurasian Economic Commission (EEC) in the fieldof digital economy to organize information standardization processes within the supply chains of foreign and mutual trade.Methods. This study uses general scientific methods of cognition to examine approaches to the implementation of the blockchain technology in transport and logistics processes and to find opportunities for the implementation of smart contracts to ensure the traceability of the entire chain of commodity and information fl ws.Results. Implementation of the distributed ledger (blockchain) technology in the logistics processes of foreign and mutual trade increases the transparency of information fl ws and the speed of decisionmaking. This technology would allow the parties to negotiate directly, minimizing potential risks and the time required to approve a supply deal.Conclusions. The authors consider the possibility of using a systematic approach to the digitalization of transport and logistics processes and the subsequent standardization of information interaction at the B2B, B2G, and G2G levels, segmented by separate fields of transport and foreign trade and individual economic sectors. As a conclusion, the study assesses the prospects of the practical implementation of blockchain mechanisms in the creation of industrial platforms — digital platforms that provide integrated services for businesses and the government using a single window system.

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Framework Standards for the Use of Distributed Ledgers in the System of Social and Labor Relations: an Ecosystem Approach

Zhurnal Economicheskoj Teorii ◽

10.31063/2073-6517/2020.17-4.16 ◽

2020 ◽

Vol 17 (4) ◽

pp. 944-949

Author(s):

R. A. Dolzhenko ◽

◽

I. P. Chelak ◽

Keyword(s):

Institutional Environment ◽

Labor Relations ◽

Security Analysis ◽

Ecosystem Approach ◽

Digital Economy ◽

Economic Relations ◽

Blockchain Technology ◽

Distributed Ledger ◽

Distributed Ledger Technology ◽

The Russian Federation

The use of blockchain technology is one of the most promising areas in the development of the digital economy. The high potential of its applicability, obvious benefits from reducing the number of transactions and cutting costs mean that the implementation of blockchain technology is inevitable in social and labor relations (SLR). The impediment to this process is the absence of an established institutional environment that would determine uniform characteristics of the technology, language, ontology, and principles of using distributed ledgers. The purpose of this study is to develop recommendations for establishing framework standards for the application of blockchain technology in SLR. The ecosystem approach, practical analysis and institutional synthesis are used as research methods. As a result, the study proposes a set of areas for standardization of the application of distributed ledger technology in SLR. The pool of basic standardization areas includes institutional, technological, relational (stakeholder) conditions as well as conditions for ensuring security. Analysis of the national project (program) “Digital Economy of the Russian Federation” identified areas for developing standards for the use of blockchain technology in SLR. In addition, the study described serious risks and obstacles to the implementation of digital technologies in this sphere of economic relations.

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Blockchain and the Law

10.5771/9783845298290 ◽

2019 ◽

Cited By ~ 1

Author(s):

Dariusz Szostek

Keyword(s):

New Technologies ◽

Legal Aspects ◽

Digital Economy ◽

Smart Contracts ◽

Legal Regulations ◽

Blockchain Technology ◽

Distributed Ledger ◽

Distributed Ledger Technology ◽

It Managers

This book analyses the new blockchain and Distributed Ledger Technology (DLT) in term of its impact on law, contracts and the digital economy. It discusses global legislation in the blockchain and its implications. The analysis of contracts includes the Bitcoin system and the Bitcoin Blockchain. The book is written in an international and European perspective. It is characterised by a practical approach and addressed to lawyers who want to deepen their knowledge about legal aspects of new technologies such as the blockchain and other modern IT tools, but also to entrepreneurs, IT specialists, developers and IT managers in the implementation of DLT and block technologies The book covers the following topicsChapter I Blockchains and DLT in the digital economy Chapter II Blockchains, DLT – basic terms Chapter III Blockchains in finance Chapter IV Durable media with blockchain technology Chapter V "Smart Contracts" Chapter VI The future of blockchain solutions in legal regulations (an initiated discussion). Prof. UO dr hab. Dariusz Szostek is Director of the Centre for Legal Problems of Technic and New Technologies at the Faculty of Law University of Opole.

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