Open AccessThe place and role of blockchain in the system of economic relations in the context of digitalization of production
Author(s) -
Руслан Долженко
Publication year - 2020
Publication title -
izvestiâ uralʹskogo gosudarstvennogo gornogo universiteta
Language(s) - English
Resource type - Journals
eISSN - 2500-2414
pISSN - 2307-2091
DOI - 10.21440/2307-2091-2020-1-189-195
Subject(s) - blockchain , transparency (behavior) , database transaction , context (archaeology) , production (economics) , product (mathematics) , computer science , work (physics) , knowledge management , business , data science , computer security , engineering , economics , mechanical engineering , paleontology , geometry , macroeconomics , mathematics , biology , programming language
The article is devoted to the study of promising places and role of technology of distributed registries (blockchain) in the system of economic relations, which allows you to consolidate information about transactions in a system of record chains distributed within a network of interacting entities. A review of the literature on this topic shows that the possibilities of its application are diverse, including in the production sphere, in the context of the digitalization of all processes. Blockchain can be the technology that will increase their transparency, have maximum awareness of each transaction, operation, material object about which the relationship occurs. Despite the peak of interest in technology in recent years, the possibilities of its use in the field of economic relations are limited by several factors highlighted in the work. The methodological basis of the work was the theory of distributed registers, as well as a system-subjective approach to the system of economic relations. To understand the possibilities of using blockchain in the mining industry, we analyzed the key blockchain platforms that are currently in use, highlighted their strengths and weaknesses, and reviewed the activities of large Russian mining companies that affect production management using distributed registries. The study showed that the opportunities laid down in the latest versions of the blockchain make it possible at the current level of development to use technology to digitalize production processes, starting from the stage of mining, ending with the use of raw materials for the manufacture of the product.