Blockchain, Artificial Intelligence, Internet of Things to Improve Governance, Financial Management and Control of Crisis: Case Study COVID-19

Abstract

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.

Forecast of COVID-19 progress considering the seasonal fluctuations

“…Therefore, it is a challenging question to determine the death case was COVID-19 or another disease. Thus, the indicator of the number of infected (Kobelev, 2000) was chosen in this study. However, this methodology is applicable for the number of COVID-19 death.…”

Digitalization of Adult Education in the Context of Human Capital Development

“…In the past few years, studies have appeared that are devoted to the current aspects of digitalization of education and the development of human capital, in particular in the context of the development of modern information technologies and the impact of the COVID-19 pandemic [1,9,10,11,12,16,18,20,21,22,24,25,26]. However, the issue of adult education as a factor affecting human capital is undervalued and needs further study and justification.…”

Country innovative development: impact of the shadow economy

“…In turn, Yarovenko et al (2020a), Yarovenko et al (2020b) pointed out that lack of information security might negatively affect country economic and innovative development (based on data for 59 countries of the world using CRR and BCC models). Moreover, Lopez and Alcaide (2020) mentioned that the implementation of information innovations might help to overcome negative consequences of economic, social and political crisis. Therefore, Zolkover and Terziev (2020) found out that shadow economy might damage numerous macroeconomic parameters such as employment, environmental sustainability, innovation development etc.…”