scholarly journals INNOVATIVE TECHNOLOGIES IN MANAGEMENT OF SOCIO-ECONOMIC SYSTEMS

2020 ◽  
Vol 137 ◽  
pp. 7-15
Author(s):  
Nailya GAREEVA ◽  
◽  
Salavat ZARIPOV ◽  
Keyword(s):  
Innovation Process ◽  
Financial Sector ◽  
Practical Significance ◽  
Economic Systems ◽  
Smart Contracts ◽  
Smart Contract ◽  
Modern Development ◽  
Depth Study ◽  
Characteristic Features ◽  
Innovation Processes

In a modern highly competitive environment, sustainable development of the financial sector can be reached through the introduction of the innovation processes that are characteristic features of the modern development of socio-economic systems. The purpose of the study is determined by the increasing importance of the innovation process, thus resulting in the need for a more in-depth study of its essence, content and forms of interaction between all actors involved in the process, and the search for ways to improve the efficiency of the financial sector of the economy. The scientific novelty and practical significance of the research is to create a cash pooling smart contract on the Stellar blockchain and implement an application to demonstrate the capabilities of smart contracts in Stellar. The results obtained will serve as a basis for the implementation of applied solutions in the field of cash pooling.

scholarly journals ІННОВАЦІЇ ЯК СКЛАДОВА ФАКТОРІВ ВПЛИВУ НА СТАБІЛЬНИЙ РОЗВИТОК СУЧАСНОГО ПІДПРИЄМСТВА

2019 ◽  
pp. 36-44
Author(s):  
Є. В. Луцишина
Keyword(s):  
Business Processes ◽  
Innovation Process ◽  
Practical Significance ◽  
Necessary Condition ◽  
Innovative Development ◽  
Innovative Strategy ◽  
Innovation Project ◽  
Innovation Processes ◽  
Stable Development

Orientating to the innovative development and economic growth, provided by them, nowadays allows enterprises to achieve competitive advantages not only in the production and sale of products (projects, services), but above all in the methods of business development. The theory of innovative development in the economy, which is one of the main economic doctrines of modern times for a large number of countries in the world, is now only being formed in Ukraineand is in the stage of active development. Considering the features and problems of the innovation processes of domestic enterprises, there is a need to further develop their competitiveness for domestic and external markets. The purpose of the article is to develop the theoretical and methodological foundations in the field of enterprise development based on innovation, as well as to determine the role of innovation to ensure the stable development of the enterprise. The object of the study is the formation of an innovative strategy of the enterprise and its components for the implementation of an innovative project. Methods used in the research are a systematic approach, a method of generalization, comparison. The hypothesis of research is that innovation plays an important role in ensuring the stable development of the enterprise. The statement of basic materials. It is determined that innovative development is a consequence of innovative processes occurring in the enterprise. In its innovative development, enterprises go through a number of stages: research, development and implementation. The main properties of innovation are scientific novelty, practical applicability and commercial feasibility. The method of forming a strategy for the introduction of innovation, types of improvement of the competitiveness of the enterprise, stages and components of the innovation process are all considered, as well as factors that may affect the formation and outcome of the investment and innovation project. Originality and practical significance of the research. The article gives an idea of the role of innovation for a modern enterprise and helps to determine the main guidelines for the development and implementation of innovative solutions. The author reflects on the most important properties of economic innovation processes, which enables us to significantly distinguish them from other business processes. Conclusions of research. It was concluded that in the conditions of the modern economic environment, innovation for an enterprise is a necessary condition for survival.  However, by introducing innovations, managers of all levels are faced with the problem of uncertainty of new factors that have a significant impact on the progress of the innovation process and on the activity of the enterprise as a whole. The research results can be used in the development of strategies for the implementation of the innovation process in an enterprise of any form of organization.

scholarly journals Legal regulation of smart contracts in France

2019 ◽  
pp. 151-158
Author(s):  
D. V. Chub
Keyword(s):  
Legal Status ◽  
Legal Regulation ◽  
Smart Contracts ◽  
French Law ◽  
Legal Doctrine ◽  
Economic Relations ◽  
Smart Contract ◽  
Legal Obligations ◽  
Characteristic Features ◽  
Definition Of

The paper is devoted to the legal regulation of smart contracts in French law. The question of the admissibility of the use of smart contracts in economic relations is considered. Particular attention is given to the French legal doctrine in the issue of formulating the definition of “smart contract” and identifying its characteristic features, the various points of view of French legal scholars are compared. Examples of the most effective use of a smart contract in economic relations are given. The problems of applying contractual legal obligations and obligations of French law to smart contracts are considered. The importance of the oracle for the implementation of the smart contract and the features of its legal status under French law are disclosed.

scholarly journals The Mastery of Art Therapy in Working with Preschool Children

2021 ◽  
Vol 7 (2) ◽  
pp. 79-85
Author(s):  
Maria I. Zamelyuk ◽  
Liudmyla I. Mahdysiuk
Keyword(s):  
Preschool Children ◽  
Art Therapy ◽  
Practical Significance ◽  
Self Awareness ◽  
Problem Solving Skills ◽  
Artistic Activity ◽  
Depth Study ◽  
Characteristic Features ◽  
Game Therapy ◽  
The Right

The study presents some aspects of art therapy in working with preschool children. The purpose of the study is to analyse the features of the creative activity of art therapy: game therapy, visual language, isotherapy, mandalas, collage; to reveal the characteristic features of the intervention of art in work with preschool children. The following general scientific methods were used to achieve this goal: analysis, synthesis, comparison, and modelling. It has been found that therapy helps children process difficult emotions, explore their “self ”, develop greater self-awareness and selfesteem, and learn to manage their emotions and solve problems. It has been studied that the creative process can help to work with memories, events and feelings that are identical to the emotions and activity of the child. It is substantiated that art therapy effectively helps children with anxiety, depression, trauma, and grief, and it can be used to increase the child's self-esteem, communication and problem-solving skills, socialisation. The necessity of using modern methods of art therapy is confirmed. The main aspects of working with preschool children are analysed. The practical side of using art therapy as an art for preschool children, tips and exercises that will help children get into the right way of thinking to create, which are included in any artistic activity to emphasise the therapeutic elements of the process. The current approaches to the art therapy process for preschool children are described: enhances creativity, allows children to express their thoughts and feelings, encourages the integration of psychological, physical and social aspects, improves productive functions, helps children make better decisions, helps children solve their problems, improves motility. The practical significance of the work is that it can be used by students, educators, psychologists, parents for in-depth study of art therapy in working with preschool children

scholarly journals A. Karamanov’s piano concerts: “curve” of the style and language evolution

2021 ◽  
pp. 101-109
Author(s):  
O. Kripak
Keyword(s):  
Large Scale ◽  
Language Evolution ◽  
Practical Significance ◽  
Musical Thinking ◽  
Teachers And Students ◽  
Depth Study ◽  
Characteristic Features ◽  
Classical Traditions ◽  
And Performance ◽  
Original Phenomenon

The article is devoted to the peculiarities of the concert-piano style of A. Karamanov, an outstanding Ukrainian composer, whose works have only recently become the subject of musicological discourse. The “curve” of style and language evolution is outlined, the stages of which are marked by three large-scale concerts of the composer, the last of which called “Ave Maria” has already gained worldwide popularity and entered the repertoire of outstanding performers both in Ukraine and abroad. Based on a comprehensive analysis of the genre-stylistic complex of the phenomenon of “piano concert”, a definition of the concept of “concert-piano style” is offered, which is extrapolated to the author’s style of A. Karamanov in this genre. The characteristic features of the composer’s three piano concerts are highlighted and generalized, a kind of triptych cycle, in which through the work of A. Karamanov as a composer-pianist, constant and individually innovative features of the genre are embodied, which became symphonic conceptual model not only in his work, but also in the styles of other authors of the late XX — early XXI centuries. The relevance of the chosen topic is determined by the need for a systematic consideration of the triptych of piano concerts by A. Karamanov as a significant phenomenon of Ukrainian and world pianism at the turn of the XX–XXI centuries. The purpose of the research is to reveal the peculiarities of the style and language evolution of A. Karamanov’s work, the stages of which are represented by his three piano concerts. The methodology is a combination of general scientific and special musicological approaches to the disclosure of the stated topic. Among them are: the method of deduction, which determines the movement of research from the general (concert as a principle of musical thinking) to special (piano concert) and specific phenomenon (triptych piano concerts by A. Karamanov); methods of genre and stylistic analysis used in considering the drama and form of all three concerts; methods of performance and texture analysis aimed at identifying the features of Karamanov’s concert pianism. The results of the research reveal the combination of traditions and innovations in the interpretation of the genre in the concert-piano style of A. Karamanov. All three of his piano concertos are based on different models of drama and form, but common to them is the attraction to the symphonic concept, which brings the concert forms in his music closer to the symphony as a genre of “high generalizations” (Asafiev, 1971). The scientific topicality of this research is determined by the fact that for the first time In Ukrainian musicology it presents a comprehensive review of the aesthetics and poetics of three piano concerts by A. Karamanov, which reflect the characteristics of modern interpretation of the genre with a tendency to symphonization. The practical significance of this scientific research is determined by the possibility of applying its provisions and conclusions in the further study of the laws of modern concert-piano style in the works of other composers. The article can be useful for performers who turn to interpretations of Karamanov’s piano concerts, as well as for teachers and students of piano departments and branches of art universities of Ukraine. Conclusions. The review carried out in this article showed that the concert-piano style of A. Karamanov is an original phenomenon of world piano culture, and therefore requires more in-depth study and performance attention. After all, it embodies the characteristics of a new worldview paradigm, formed on the basis of classical traditions and it is considered as a “bridge” between them and modernity.

Characteristics of international business development between ukraine and poland

2019 ◽  
pp. 28-35
Author(s):  
Viktoriia Makhovka ◽  
Olha Nesterenko
Keyword(s):  
European Union ◽  
Small Business ◽  
International Business ◽  
Legal Framework ◽  
Strategic Partnership ◽  
Economic Systems ◽  
The European Union ◽  
Doing Business ◽  
Modern Development ◽  
Trade And Investment

The essence of international business, its active development and expansion, that influence the integration of economic systems and intensification of business relations between countries, are considered. The attention is paid to the international market of the European Union, first of all to Polish-Ukrainian cooperation due to the modern development of international business. The importance of the development of trade and business between Ukraine and Poland is determined, taking into account close relations in the field of economy, politics, culture and historical connections. The legal framework between Ukraine and Poland is substantiated, which ensures the proper development of bilateral cooperation at the level of strategic partnership and emphasizes the presence of an active dialogue between countries. The main agreements between Ukraine and the European Union, which influence the economic cooperation between Ukraine and Poland, are considered, taking into account Polish membership in the EU. The implementation of special projects by the European Union to support the development of Polish-Ukrainian cooperation is determined. The increase of the intensity of economic exchange between Ukraine and Poland, the active development of trade and investment in various spheres of business and the growth of economic indicators are determined. The peculiarities of the development of the small business sector and its influence on the stabilization of socio-economic processes between European countries are substantiated, emphasizing Poland's experience in development of the small business as a driving force on the way to economic integration. The main aspects and characteristics of international business between Poland and Ukraine are determined and the main differences in doing business in these countries are revealed, emphasizing the perspectives of development.

Research on the Economic Vitality of the Northeast China

2020 ◽  
Vol 3 (3) ◽  
Author(s):  
Jiayue Jiao
Keyword(s):  
Northeast China ◽  
Practical Significance ◽  
Economic Policies ◽  
Regional Competitiveness ◽  
Regional Economic ◽  
Important Indicator ◽  
Depth Study ◽  
Long Term Impact ◽  
Economic Vitality

 Economic vitality is an important indicator of regional competitiveness. The demand for talents and the vitality of enterprises in different regions are obvious to all and have practical significance. Therefore, it is necessary to establish a survey data model and conduct in-depth study on improving regional economic vitality from the perspective of policy.Based on a variety of forecasting methods, this paper analyzes the short-term and long-term impact of economic policies in Northeast China, and finally puts forward the factors that affect the economic vitality of northeast policies. Finally, the paper puts forward the feasibility and targeted suggestions of strengthening regional economic vitality, obtaining long-term development and building a more competitive city in the new era. 

Legally Enforceable Smart-Contract Languages

2021 ◽  
Vol 54 (5) ◽  
pp. 1-34
Author(s):  
Vimal Dwivedi ◽  
Vishwajeet Pattanaik ◽  
Vipin Deval ◽  
Abhishek Dixit ◽  
Alex Norta ◽  
...  
Keyword(s):  
Literature Review ◽  
Systematic Literature Review ◽  
State Of The Art ◽  
Grey Literature ◽  
Smart Contracts ◽  
Smart Contract ◽  
Decentralized Autonomous Organizations

Smart contracts are a key component of today’s blockchains. They are critical in controlling decentralized autonomous organizations (DAO). However, smart contracts are not yet legally binding nor enforceable; this makes it difficult for businesses to adopt the DAO paradigm. Therefore, this study reviews existing Smart Contract Languages (SCL) and identifies properties that are critical to any future SCL for drafting legally binding contracts. This is achieved by conducting a Systematic Literature Review (SLR) of white- and grey literature published between 2015 and 2019. Using the SLR methodology, 45 Selected and 28 Supporting Studies detailing 45 state-of-the-art SCLs are selected. Finally, 10 SCL properties that enable legally compliant DAOs are discovered, and specifications for developing SCLs are explored.

Smart Contract: Concept, Financial Essence, World Experience and Opportunities of Practical Use

2021 ◽  
Vol 27 (8) ◽  
pp. 1871-1893
Author(s):  
Vasilii A. DADALKO ◽  
Vladimir V. NIKOLAEVSKII ◽  
Andrei D. NEKRASOV ◽  
Dar’ya S. SHERSTNEVA
Keyword(s):  
Banking Sector ◽  
Systems Approach ◽  
Essential Element ◽  
Utilization Efficiency ◽  
Smart Contracts ◽  
Financial Instruments ◽  
Complex Concept ◽  
Smart Contract ◽  
Fundamental Possibility ◽  
The Moment

Subject. The article considers smart contracts as digital financial instruments, their financial and economic essence, which is defined as digital instruments for the settlement of financial relations. Objectives. The aim is to introduce into scientific use such a system concept as digital financial instruments and mechanisms based on the consideration of their economic, legal and financial essence. Methods. The study rests on systems approach that enables to present a smart contract from a technological, economic, legal and financial position as a set of elements with their specific functions defining its complex concept. Results. We reveal the nature of financial relations, arising at the time when bilateral or multilateral transactions are concluded and smart contracts are presented as ways to automatically settle them. Completion of a smart contract is a confirmation of the completion of the transaction and the moment of termination of financial relationship. The article shows the fundamental possibility of using smart contracts in the system of budget relations as a tool for the settlement of a multilateral transaction. Conclusions. Currently, smart contracts are an essential element of a new stage in the development of financial technologies. Specialists in the financial and banking sector recognize the emerging opportunities for their use in the system of financial relations. The paper shows an example of possible use of smart contracts in the settlement of budget relations and in improving the utilization efficiency of budget funds.

Administrative risks challenging the adoption of smart contracts in construction projects

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Asli Pelin Gurgun ◽  
Kerim Koc
Keyword(s):  
Construction Projects ◽  
Risk Mitigation ◽  
Research Question ◽  
Group Discussion ◽  
Mitigation Strategies ◽  
Risk Category ◽  
Smart Contracts ◽  
Content Type ◽  
Smart Contract ◽  
Criteria Weights

PurposeAs a remedy to usually voluminous, complicated and not easily readable construction contracts, smart contracts can be considered as an effective and alternative solution. However, the construction industry is merely known as a frontrunner for fast adoption of recent technological advancements. Numerous administrative risks challenge construction companies to implement smart contracts. To highlight this issue, this study aims to assess the administrative risks of smart contract adoption in construction projects.Design/methodology/approachA literature survey is conducted to specify administrative risks of smart contracts followed by a pilot study to ensure that the framework is suitable to the research question. The criteria weights are calculated through the fuzzy analytical hierarchy process method, followed by a sensitivity analysis based on degree of fuzziness, which supports the robustness of the developed hierarchy and stability of the results. Then, a focus group discussion (FGD) is performed to discuss the mitigation strategies for the top-level risks in each risk category.FindingsThe final framework consists of 27 sub-criteria, which are categorized under five main criteria, namely, contractual, cultural, managerial, planning and relational. The findings show that (1) regulation change, (2) lack of a driving force, (3) works not accounted in planning, (4) shortcomings of current legal arrangements and (5) lack of dispute resolution mechanism are the top five risks challenging the adoption of smart contracts in construction projects. Risk mitigation strategies based on FGD show that improvements for the semi-automated smart contract drafting are considered more practicable compared to full automation.Originality/valueThe literature is limited in terms of the adoption of smart contracts, while the topic is receiving more attention recently. To support easy prevalence of smart contracts, this study attempts the most challenging aspects of smart contract adoption.

Trust but Verify: The Oracle Paradox of Blockchain Smart Contracts

2021 ◽  
Author(s):  
Abdullah Albizri ◽  
Deniz Appelbaum
Keyword(s):  
Internal Control ◽  
Process Management ◽  
Weak Link ◽  
Design Science ◽  
Science Research ◽  
Third Party ◽  
Smart Contracts ◽  
Independent Verification ◽  
Smart Contract ◽  
Control Application

Although research shows that blockchain provides fairly immutable virtual provenance workflows, proof that the Blockchain accurately represents physical events lacks truly independent verification. This dilemma, the Oracle Paradox, challenges blockchain architecture and is perhaps one reason why businesses have hesitated to adopt smart contracts. Blockchain proponents claim that people can serve as trusted Oracles in a smart contract. However, auditing research shows that people are the weak link in almost every internal control application, including those pertaining to blockchain. People are susceptible to collusion, bribery, error, and fraud and these tendencies are not entirely mitigated by blockchain technologies (Balagurusamy et al. 2019; Nakamoto 2008). This research proposes a framework to mitigate the paradox of the Oracle: A Business Process Management (BPM) model of a Blockchain Smart Contract-enabled Supply Chain with IoT as the sole "third-party" Oracle participant, utilizing Design Science research.

Sign in / Sign up

Export Citation Format

Share Document