Competitive Advantages of Financial Transactions on the Basis of the Blockchain Technology in Digital Economy

Vovchenko, Natalia G.; Андреева, А. В.; Orobinskiy, A. S.; Filippov, Y. M.

doi:10.35808/ersj/778

Cited by 47 publications

(40 citation statements)

References 1 publication

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“…In 2016, they grew against the background of a decrease in the total investment volume and amounted to $15 million. However, the total volume of Russian investments into financial technologies is only 0.2% of the world level (Osipovskaya and Mikhaylin, 2017;Vovchenko et al, 2017).…”

Section: Theoretical Empirical and Methodological Groundsmentioning

confidence: 99%

The Transformation of Traditional Banking Activity in Digital

Galazova¹,

Магомаева²

2019

IJEBA

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Purpose: This article investigates specifics of the transformation of banking activity in the conditions of digitalization of the economy. In the light of penetration of digital technologies into all the spheres of our life, the rapid development of financial technologies and their active implementation in the banking sector of the economy, digital financial innovations are formed at the intersection of the concepts of "financial technologies" and "financial innovations". Design/Methodology/Approach: In order to investigate the process of transformation of the banking sector in the context of digitalization, it is necessary to consider this issue from three points of view: 1) theoretical understanding of the concept of "financial technologies"; 2) the need to ensure the efficiency and sustainability of the banking sector; 3) the change in the ITarchitecture of banking activities and the formation of the digital ecosystem with banks in the center. It is also reasonable to analyze promising areas of implementation of financial technologies into the banking sector. Findings: The main directions of the development of financial technologies in the banking sector, aimed at further transformation of traditional banking services through digital technologies. Practical Implications: The results of the study can be applied in the development of the legislative regulation of the FinTech industry in Russia. Originality/Value: The main contribution of this study is to determine the prospects for the development of the domestic banking sector in the context of digitalization, the need to transform in order not only to improve the competitiveness and efficiency of functioning, but also to stay in the banking business.

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Section: Theoretical Empirical and Methodological Groundsmentioning

confidence: 99%

The Transformation of Traditional Banking Activity in Digital

Galazova¹,

Магомаева²

2019

IJEBA

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“…Russia relies on the development of transport links along the Northern Sea Route. At the Eastern Economic Forum, President Vladimir Putin said that the Far East should become a powerful economic industrial center with great potential (Vovchenko and Andreeva, 2017). Modernization and development of transport infrastructure, including along the route through the Arctic, will strengthen the coherence of the Asia-Pacific region and Europe.…”

Section: The Concession Agreement Of the "Northern Latitudinal Railway"mentioning

confidence: 99%

Financial Engineering of Infrastructure Projects: The Concessional Mechanism

Andreeva¹,

Yu²,

Fedorov³

et al. 2019

IJEBA

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Purpose: The article considers the model of financial engineering, in which financial resources for an infrastructure project are formed based on syndicated loans. Design/Methodology/Approach: The study is based on modern concepts of uncertainty and risk management theories and the concept of digital economy. It includes a system and diagnostic analysis, methods of financial analytics as well as quantitative and qualitative risk assessment methods. Findings: Authors analyzed the investment in the infrastructure projects development in the Russian Federation. The railways' export potential is analyzed and determined to depend on coal and container terminals. Authors highlighted the need for business consolidation and new infrastructure projects based on technologies of digitalization in the transport industry, reviewed the strategic importance of concession agreement for the construction of "Northern Latitudinal Railway". Practical Implications: The research findings revealed that implementation of large infrastructure projects is capable to render breakthrough effect on GDP and economic growth rates of the Russian Federation. The adjusted experience could be introduced in the transport framework of the Russian Federation and abroad. Originality/Value: The main contribution of this study is in the highlighting features of concessional mechanism in the framework of large infrastructure projects.

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“…The digital business model has to be implemented in response to a new business model in the connected digital economy (Ng, 2014). Even the digital business is now entering to a new phase of development on the basis of block-chain technology (Vovchenko, Andreeva, Orobinskiy, & Filippov, 2017;Wolfond, 2017).…”

Section: Literature Reviewmentioning

confidence: 99%

Digital-related economy sectors and regional economy disruption

Nurdany

Kresnowati

2019

jeb

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While the study of the regional economy and its factors has been well-researched, relatively less is known on the issues for the digital economy sectors affecting the regional economy. Therefore, the aims of this paper are: to investigate the regional economic impact caused by digital economy sectors; to analyze the multiplier effect of these sectors on the output, income, and employment; and to calculate the economic impact of additional investment in the digital economy sectors. The study focuses on the region of East Java Province, Indonesia. The method used in this study is the input-output analysis (13 x 13 aggregation), which generates transaction of goods and services at a certain time. This study uses data from the Central Bureau of Statistics, Input-Output Table of East Java Province year 2015, which includes 110 economic sectors, which are then grouped into digital related and non-digital related sectors. The result indicates that digital economy sectors have both backward and forward linkages to other sectors in the region. Further finding shows that digital related manufacturing sector has the highest multiplier effect on the output, income, and employment. While investment injection on the digital economy sectors, based on the analysis, will make better disruption on East Java economy. The government of the region should put an emphasis to attract more investment in the digital economy sectors.

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Competitive Advantages of Financial Transactions on the Basis of the Blockchain Technology in Digital Economy

Cited by 47 publications

References 1 publication

The Transformation of Traditional Banking Activity in Digital

The Transformation of Traditional Banking Activity in Digital

Financial Engineering of Infrastructure Projects: The Concessional Mechanism

Digital-related economy sectors and regional economy disruption

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