Development of a trade model based on distributed ledger technology for the EAEU

Abstract

The article reveals problems in the trade between EAEU countries, proposing the solution. Such processes as globalization and digitalization are caused by the technological advance influencing trade among EAEU countries. Some of the problems have been identified relatively recently, and some have been discovered long time ago, however, they have not found a proper solution. The existing shortcomings in the activities of the EAEU pose a significant threat to the security of the member States. The authors of the article stress the solution to the current problems faced by members of EAEU, offering the implementation of blockchain technologies. New model of trading platform, from the authors’ stand point, will allow member States to solve current problems and to prevent illegal actions.