Today, the coronavirus infection COVID-2019 deals a devastating blow to the economies of most countries due to disruption of production chains, the bankruptcy of small and medium-sized businesses, increasing the number of unemployed, and more. Under these conditions, the coverage of digitalization of all sectors of the economy and basic spheres of life of citizens becomes especially important. The article is devoted to the analysis of the possibilities of the latest blockchain technologies, artificial intelligence, and the Internet of Things in view of their impact on the transformation of the business process management system. The study used methods of bibliographic analysis of scientific publications and analytical reports of international organizations related to the concept of “Industry 4.0” and diseases of coronavirus infection, analyzing from the audit point of view, how to reinforce the principles of transparency, responsibility, and participation. It has been proven that blockchain technology is able to service online payments without intermediaries, receipt, and transfer of digital assets, as well as political elections and voting. Artificial intelligence models can help map, manage, predict, and model complex processes, reducing uncertainty, and supporting professionals in decision-making. The Internet of Things allows you to transfer information, improve control and automation, and provide opportunities to optimize the company’s operating costs. The result of the study can be practically valuable for many stakeholders: auditors – conducting audits by artificial intelligence; public administration – developing measures to address the economic, social and political crisis triggered by the pandemic, by building trust between government and citizens through communication, and by ensuring transparency and accountability. Keywords: blockchain, artificial intelligence, Internet of Things, COVID-19, health care crisis, economic crisis, political crisis, control, public administration, financial management.

This paper has the main purpose to make a critical and balanced analysis about the potential of blockchain technology to face some of the great current socioeconomic challenges, being focus on impact assessment point of view, analyzing the disruptive potential of blockchain to provide solutions at level of different challenges as example, climate change, migrant movements, gender equality, financial inclusion or the cost opportunity of the management of data science. The term blockchain summary a numerous different type of system of distributed ledger, essentially, it is just a record distributed, a ledger of digital events that is distributed or shared among many different parts within an ecosystem (nodes), and chronological in a network. The technology is at an early stage and can be implemented in many ways depending on the objective. The methodological tool for the research is strategic and qualitative SWOT analysis identifying the critical success factors such internal factors (Strengthens and Weakness), and external factors (Opportunities and Threats), summarizes the arguments and counterarguments within the scientific discussion. From the bibliographic review carried out on the finding and disclosure provided by empirical research about business case studies, the research results summarized in the paper confirm that although looks difficulty of give a closed definition to variety of system under the umbrella of blockchain, among the main strengths of technology are its intrinsic characteristics, such as, its ability to store data immutably without relying on a central authority. As weakness, highlight the fact of the need of solve some non-minor inefficiencies as energy consumption and, as result, the difficulty to be scaled. It has the potential to replace the intermediary and central entities or change the way they works, allowing disintermediation and potentially empower people in trade, democratic participation, social interaction and financial inclusion, which represent great opportunities. Although, on the side of threats there is lack of knowledge about the technology, which generates resistance from regulators who are beginning to assess risks and are concerned about how new participants could cannibalize their income models. In addition, it seems clear the importance of assume the fact that the technological changes take time to develop and often require the adaptation of entire ecosystems. Keywords: blockchain, decentralization, democratization, financial inclusion, socioeconomic challenges, tokem traceability, transparency, trust.

In an increasingly digitized world and after the disruption of the covid-19 pandemic, the internet and social networks are becoming the central backbone of interactions between individuals, organizations, and governments worldwide in general and defending the democratic values in Ukraine in particular. The influence capacity of social networks on creativity and innovation has grown in recent years and has been an objective of the study. This paper analyses the interaction between innovation and social networks from a balanced assessment, considering opportunities and risks. The interaction between social networks and innovation could redesign the value creation process. The proliferation of social media platforms coincides with the expansion of the open innovation paradigm and has demonstrated its efficiency in facilitating solutions in different fields such as science, statistics, engineering, production and the generation of social policies. On the other hand, risks have to be analyzed and mitigated. The social networks and search engines could have become a proxy for organizing and accessing information and knowledge on a large scale; however, evidence points out how the fake data and concentration could suffocate innovation. The research develops a theoretical framework to analyze how the organizational structure of social networks could influence the knowledge absorption capability and innovation; what is the influence of the social networks on creativity and innovation; and their role as drivers to create the social value. The results of the research could be practically valuable for many stakeholders: Chief Innovation Officers and Communication Managers, Teams responsible for Stakeholders Engagement and Open Innovation programmes, Policy Makers, and the Scientific Community interested in developing empirical research on the topic, as well as citizens to understand their role as change-makers contributing to developing Innovation and Creativity.

When the impossible becomes inevitable. The covid-19 has disrupted increasing the speed of changes in the Industry 4.0, highlighting the need to make a paradigm shift from ego-system to eco-system perspective, challenging organizations and citizens to react from their changemakers role. Two crucial needs arise: firstly, the need to innovate to address the tremendous and complex challenges we face and on the other hand, the need to assess and manage our social impacts. Most organizations should redesign their purpose to focus on measuring, monitoring, and reporting not only in financial terms but also taking into account the non-financial performance, especially in terms of sustainability. Some authors names this time, the era of “stakeholders capitalism”. This paper summarizes the arguments and counterarguments within the scientific, standardization, and business discussion on understanding how organizations could measure their financial, environmental, and social impacts; how to increase the quality of the sustainability reporting, and deliver the most benefit for their stakeholders. The article analyzes the pathway of Innovating, Evaluating and Reporting the Impact, using the materiality assessment as a driver to create value thanks to disruptive technologies as Artificial Intelligence, Blockchain and the Internet of things. The result of the study can be practically valuable for many stakeholders: the Organizations Management and Boards, Chief Innovation Officers and Teams responsible for Sustainability reporting, Auditors assuring the reliability of sustainable reporting, the Scientifics researching on the topic of Innovation, Impact Assessment, and Sustainability; Public Administrations for addressing the economic, social and environmental challenges, and building trust by ensuring transparency and accountability; Investors and other stakeholders interested on understanding long-term value creation and the social and environmental risk assessment to incentivize sustainable growth.