Features of the Russian raw and cut diamonds business digitalization

Abstract

A digital economy enters the industry. The article represents the digital transformation features of economic system of the participants of the Russian raw and cut diamond market. Various levels of digital technologies readiness and implementation into industrial production of the diamond industry of the countries participating in the global market determine the relevance of studying the project entry barriers. The raw and cut diamond of Russia intends to participate in the project of the Tracr digital platform development based of the blockchain technology. The author has considered conditions, opportunities and difficulties the enterprises of raw and cut diamond business of Russia will face with, in case of participation in the Tracr project. The entrance barriers with respect to business digitalization are highlighted. The new threats and challenges are identified, which can limit the implementation of the Russian raw and cut diamond business digitalization.

Innovation Management In Diamond Cutting In The North

“…Promising scientific direction for the development of diamond laboratory tooling is associated with introduction of artificial intelligence for the diagnosis, evaluation and automation of industrial production (Figure 2). The elements of production digitalization are desirable in each area, including using end-to-end technology (Grigoryeva & Sentizova, 2019).…”

“…At the stage of entering the digital economy, the Russian diamond mining and processing business will undergo transformation in the following components: production relations, economic system structure and the need for new competencies of specialists. Also, the transformation of the personnel training system, the need for new requirements for communication, computing and information systems, and transformation of the production process are expected (Grigoryeva & Sentizova, 2019).…”