International Experience of Using Blockchain Technology in Supply Chain Management

Abstract

The paper analyzes the advantages of using the blockchain technology in the supply chain management. It is determined that the blockchain will simplify the procedure of the government control over the supply chain and contribute to the implementation of the state policy aiming to reduce the level of counterfeit products and improve the quality of goods entering the retail network, which will have a direct impact on the socio-economic development of the regions. The subject of research is the organizational and technological mechanism of the interaction between business entities in the process of introduction and application of the blockchain technology for supply chain management. The purpose of the paper was to find out how to use the blockchain in logistics in the most effective way. The paper presents the summary of works of Russian and foreign economists and identifies the main areas of existing and prospective blockchain studies, formulates the principles for the promotion of the blockchain technology in logistics and identifies factors that impede the active use of the blockchaining by Russian and foreign businessmen. The necessity of the DLT/blockchain legalization in economic activities and determining the responsibility for including incomplete and/or unreliable information in a distributed ledger is substantiated.

The Logistics Creation Of Ecological Efficiency For The Russian Economic Under Covid-19

“…Undoubtedly, the spread of the COVID-19 pandemic has had a significant impact on the electric power industry, which primarily manifested itself in a drop in demand, relatively quarantined production facilities, as well as a looming crisis of non-payment for utilities due to the temporary unemployment of the population. For example, the International Energy Agency estimates that demand will fall by between 2.5% and 5% in 2020 (Karh et al, 2017;Panyukova, 2018;Voronov & Voronov, 2015). Like any logistical system, power supply chains, while acting as the engine of the global economy, are at the same time the guarantor of the stable functioning of socially important sectors of medicine, healthcare, education, and at the same time business activity, which has significant network specialization due to quarantine.…”