Blockchain Papers

Polina S. Spiridonova, Anna V. Vedyashova

Introduction. Modern information technologies form an interconnected ecosystem of financial management. The practical significance lies in the development of an algorithm for overcoming personnel, integration and cyber risks. The development prospects are related to the convergence of predictive analytics, explicable artificial intelligence, and distributed ledgers. Materials and Methods. The research is based on scientific publications, business media and corporate reports. The case study method was applied using methods of systematization and comparative analysis based on the material of five major domestic companies (Sberbank, X5 Group, Lukoil, Magnit, Alfa-Bank). Results. The main technological solutions (enterprise resource planning systems, cloud platforms, artificial intelligence, big data, distributed registries) are systematized, their functional purpose and barriers to integration are determined. The evolution of digitalization has been confirmed: from automation of operations to the intellectualization of analysis. The effects were recorded: reducing transaction operating costs by up to 27 %, reducing fraudulent transactions by 92 %, optimizing inventory, and issuing digital financial assets worth over 600 billion rubles. Conclusion. Modern information technologies form an interconnected ecosystem of financial management. The practical significance lies in the development of an algorithm for overcoming personnel, integration and cyber risks. The development prospects are related to the convergence of predictive analytics, explicable artificial intelligence, and distributed ledgers.

S. (Suren) Vardanyan, N. Chernovanova, E. Yagupova, Sergey Nistratov

The article examines the potential of using blockchain technologies to increase the transparency of business processes and ensure the reliability of accounting information at agricultural enterprises of the Volgograd region. Main problems of accounting and analytical support for regional producers are identified. A conceptual model for integrating distributed ledgers into the internal control and accounting system of agricultural enterprises is proposed. Practical recommendations have been developed for adapting blockchain technologies to the specifics of agricultural production in the Volgograd region, taking into account regional industry characteristics.

В.В. Абрамов, Georgiy Kolesnik

Данная работа посвящена комплексному анализу эволюции моделей управления цифровыми платформами и организациями в контексте перехода от Web2 к Web3 и формирования перспективной парадигмы управления пост-Web3. Подробно рассмотрены основные существующие модели управления, выявлены их сильные и слабые стороны. Проведён многокритериальный сравнительный анализ трех моделей (централизованной, ДАО и гибридной) по параметрам демократичности, экономической эффективности и устойчивости к рискам. Результаты анализа демонстрируют, что ни одна из «чистых» моделей управления не является универсально оптимальной. При этом наиболее сбалансированные результаты по всем группам критериев демонстрирует гибридная модель, что позволяет считать создание гибридных институтов, обеспечивающих баланс между децентрализацией, эффективностью и устойчивостью к манипуляциям, основой для формирования пост-Web3 архитектуры управления. Излагаются принципы построения пост-Web3 системы управления как адаптивной, многоуровневой системы, сочетающей операционное ядро, экспертные суб-ДАО и широкое сообщество. Ключевыми характеристиками пост-Web3 являются переход от количественного голосования токенами к управлению на основе репутации и вклада участников (меритократии), внедрение алгоритмической легитимности и интеграция искусственного интеллекта для поддержки принятия решений. This paper is devoted to a comprehensive analysis of the evolution of management models for digital platforms and organizations in the context of the transition from Web2 to Web3 and the formation of a future post-Web3 management paradigm. The main existing management models are considered in detail, their strengths and weaknesses are identified. A multi-criteria comparative analysis of three models (centralized, DAO, and hybrid) is carried out in terms of democracy, economic efficiency, and risk tolerance. The results of the analysis demonstrate that none of the pure management models is universally optimal. At the same time, the hybrid model demonstrates the most balanced results in all groups of criteria, which makes it possible to consider the creation of hybrid institutions that ensure a balance between decentralization, efficiency and resistance to manipulation as the basis for the formation of a post-Web3 management architecture. The principles of building a post-Web3 management system as an adaptive, multi-level system combining an operational core, expert subdomains and a broad community are outlined. The key characteristics of post-Web3 are the transition from quantitative token voting to reputation-based management and participant contributions (meritocracy), the introduction of algorithmic legitimacy, and the integration of AI to support decision-making.

A. S. Yukhno

The paper’s subject is examining decentralized autonomous organizations (DAOs) governance models during the digital economic shift. This study aims to deeply analyze DAOs to find governance aspects, and to develop a model to help integrate them into global finance and public administration. To achieve this goal, the study addressed the following tasks: analyzing existing methods to DAO governance; identifying key risks and opportunities; modeling a hybrid organizational structure; and assessing the role of stablecoins as a stabilizing element. The study’s novelty comes from the creation of a unique adaptive DAO governance model that combines elements of centralization and decentralization to enhance efficiency and legitimacy. The author used methods of comparative and systemic analysis, modeling, and real-world solutions and regulations. The results prove DAOs can complement traditional governance by making economic interactions more transparent and efficient. The study’s main takeaway is that DAOs need a balanced regulatory framework and better governance. Government agencies, blockchain developers, and specialists in public and corporate governance can use the work results.

Olga S. Stepchenkova

The article deals with the development and theoretical justification of a set of economic and mathematical models that ensure the risk management of decentralised research projects in the pharmaceutical industry using crypto-economic tools. The necessity of this development stems not only from the challenges posed by geopolitical instability and the obsolescence of the traditional “blockbuster” funding model in pharmaceutical corporations, but also from the development of highly specialised markets of medications for the treatment of rare diseases, research into longevity therapies, and the advancement of “long-tail science”, as well as new ways of organising research and development within the paradigm of decentralised science based on Web3 technologies. The study presents models that are unified by an endto-end risk management logic: from the assessment of management structure and human resource capacity, through fundamental valuation, to revenue distribution and protection against biomedical risks. The results obtained make it possible to establish threshold criteria for the management structure in scientific decentralised autonomous organisations (DAOs) and to formulate targeted recommendations for public authorities on improving the regulation of decentralised organisations.

Natalia G. Lashkova

The article is devoted to the study of the transformation of the innovation process management paradigm under the influence of the accelerating digitalization of the economy and society. The relevance of the work is due to the need to rethink traditional models of innovation management in the context of the emergence of new digital platforms, data analysis tools and network forms of the organization. The purpose of the study is to identify the key challenges and systemic opportunities that digital transformation creates for technological entrepreneurship as a driver of the generation and commercialization of radical innovations. The paper analyzes how end-to–end digital technologies (big data, artificial intelligence, the Internet of Things, distributed ledgers) not only optimize existing business processes, but also qualitatively change the logic of innovation cycle management – from idea generation to product launch. Special attention is paid to such challenges as the need to manage high-speed iterations, work in conditions of hypercompetition and volatility of digital markets, the problem of cybersecurity of intellectual property, as well as an acute shortage of personnel with competencies at the intersection of technology and management.

Dmitry Korobeynikov

The article examines existing and prospective models of credit relations in the agro-industrial complex within the framework of financial platforms and non-financial ecosystems. These models are based on fintech innovations. This type of innovation changes models by involving new types of intermediaries in the intermediation of financial and information flows between the lender and the borrower. The following models of corporate credit functioning within the framework of digital platforms and ecosystems are identified: 1) financial information aggregators that accumulate and transfer client traffic for bank lead generation; 2) financial platforms that translate the transactional model of financial marketplaces to the corporate sector; 3) financial marketplaces based on distributed ledger technology (DLT) within the framework of a centralized or decentralized financial model; 4) an infrastructural industry ecosystem that ensures the integration of credit into industry value chains in the agro-industrial complex.

Dmitry E. Petrov

The article examines the impact of legal protection of intellectual property on the investment attractiveness of the economy. It considers mechanisms for safeguarding intellectual property, including rights registration, patenting, and the use of digital technologies, as well as their role in reducing transaction costs and increasing investor confidence. The advantages of an effective intellectual property protection system for stimulating innovation, enhancing company capitalization, and developing high-tech industries are analyzed. Special attention is given to international aspects and the prospects for integrating distributed ledgers into economic processes.

A. A. Tyupko

This article is devoted to the contribution of cryptocurrencies and blockchain to the transformation of the world economy. It describes the basic principles of blockchain functioning, the evolution of major cryptocurrencies such as Bitcoin and Ethereum, as well as their practical application in the areas of decentralized finance, cross-border payments, and supply chain management. The study also analyzes the advantages of these technologies and their current limitations.

M. R. Safiullin, L. A. Yelshin, M. D. Sharifullin

The sanctions restrictions imposed on the Russian economy have predetermined the risks of reduced control and blocking cross-border financial channels for international payments. Under these circumstances, an important element of the state’s economic policy is the development of adaptation solutions that ensure the ability to minimize the risks associated with transformation of foreign economic activity. One of the mechanisms that forms the basis for solving this problem is the use of decentralized finance (DeFi) in the practice of international settlements. Meanwhile, it should be noted that in this area of financial and economic relations today there are a number of open issues — ranging from the conceptual framework to the impact of these fintech-innovations on the prospects for the stability of national financial systems and economic development in general. These issues acquire a special level of relevance at the regional level. The subject of the study is the prospects and mechanisms for using DeFi tools in the system of cross-border payments within the region. The object of the study is the foreign trade operations of the Republic of Tatarstan with the People’s Republic of China. The purpose of the study is to develop and test methodological approaches for assessing the potential impact of fintech DeFi tools on the organization foreign economic activity in the region on the stability of gross GRP dynamics. The authors used methods of cointegration analysis, scenario modeling, substantiation of the studied patterns using regression analysis methods, etc. The information and statistical basis for the study were derived from data from the Federal State Statistics Service of the Russian Federation, the National Bureau of Statistics of China, as well as data from the territorial statistical authority of the Republic of Tatarstan. The study resulted in the systematization of the macroeconomic effects of using DeFi technologies for organizing international payments. A series of macroeconomic models have been developed that made it possible to identify and justify the potential for economic growth in the region through the practical application of DeFi tools in the system of organizing transnational settlements under sanction restrictions.

M. A. Iontsev

Subject. This article discusses the issues related to the oversight of decentralized finance. Objectives. The article aims to search for the optimal conditions for the effective implementation of the embedded supervision of decentralized finance. Methods. For the study, I used retrospective, systems, and functional and structural analyses, classification, comparison, and generalization. Results. The article describes the main problems and ways to solve them in terms of economic analysis of the embedded supervision over decentralized finance. It defines the built-in analysis and optimal conditions for its implementation. The article proposes mathematically determined parameters and recommendations for implementing embedded supervision related to the behavior of nodes and consumption of their register for confirming operations with digital property. Conclusions. The proposed economic and mathematical approaches help formalize the task of embedded supervision in the DeFi environment, and find solutions that take into account the interests of all market participants, as well. The optimization models discussed demonstrate the possibility of balancing the need for transparency and the need to preserve the main benefits of decentralization.

В В Абрамов

Decentralized autonomous organizations based on team management and algorithmic mechanisms of decisionmaking play a serious role in the development of digital economy. Their introduction helps eliminate shortcomings typical of traditional hierarchical management and provides more democratic decision-making in digital communities. However, in spite of decentralization ideals today’s decentralized autonomous organizations demonstrate a stable trend towards recentralization of power. The article provides a systemic analysis of factors stipulating management centralization in decentralized autonomous organizations. By analyzing the current research and empiric data a comprehensive classification of such factors was put forward, as well as methods opposing them. Both technological and legal and social solutions are being discussed. The discussion substantiates the necessity to reach balance between decentralization and managerial efficiency. Finally, a conclusion was made running that sustainability of decentralized autonomous organizations does not depend on centralization elimination but on ability to develop adaptive mechanisms of power restriction.

Олим Астанакулов, Muhammad Eid Balbaa, Goyipnazarov Sanjar

No abstract is available for this record.

Anton Krivonogov, K. Starodubov, Alexander Prokofyev, Yuri Gromov

The article is devoted to the issue of sustainability of blockchain systems and their impact on the functioning of smart contracts that automate complex processes. An approach to determining the initial stability of a blockchain system is proposed, which includes the assessment of operational and technical parameters of the blockchain system using the method of direct expert evaluation. The proposed approach is tested on the example of the blockchain Ethereum.

N. L. Krasyukova

The article is dedicated to analyzing the potential for the implementation of blockchain solutions in the activities of large agro-industrial holdings. Based on a review of current research and the generalization of pilot project experiences, key areas for applying distributed ledger technology in the agro-industrial complex have been identified: supply chain management, product quality monitoring, logistics optimization, and automation of financial transactions. An assessment of the economic impact of integrating blockchain into the business processes of agro-holdings has been conducted. The results obtained indicate significant potential for increasing companies’ efficiency and sustainability through enhanced transparency, security, and speed of operations. Barriers hindering the widespread adoption of blockchain in the agro-industrial complex have been highlighted, and measures to overcome them have been proposed. The conclusions drawn are valuable for strategic planning of digital transformation in the agricultural sector. (127 words).

A. Pogosyan

Decentralized financing may become an effective tool for developing financial markets in the Russian Federation in the foreseeable future, but its legitimization is associated with a number of threats and occurs in conditions of uncertainty. At the same time, postponing decisions in the development of the state's financial policy may lead to even greater costs associated with the departure of a promising segment of the new financial market into the shadows. The paper considers the opportunities and threats of decentralized financing development for traditional financial institutions in the Russian Federation. The study was prepared using the methods of conceptual, comparative analysis, financial and economic foresight. Results: the concept of decentralized financing is clarified, the differences between decentralized financing and digital financial assets previously legalized in Russia are considered. International experience of companies - traditional financial intermediaries - entering decentralized financing is presented, which is mainly in the nature of a test approbation of possibilities. Based on international statistics, an increase in the share of traditional financial companies in the volume of decentralized borrowings is shown. The article describes the diversity of development opportunities in the decentralized finance market for such classic financial intermediaries as commercial banks. Solutions for the development of financial policy in the Russian Federation are proposed, the need for legalization and the fastest possible construction of a sovereign infrastructure of decentralized finance with the safe involvement of traditional financial institutions is argued.

Антон Владимирович Петровский

Данная научная статья посвящена исследованию влияния децентрализованных финансовых систем на стабильность традиционных банковских институтов в условиях цифровой трансформации экономики. Во введении описывается актуальность темы, обусловленная быстрым развитием финансовых технологий, ростом популярности криптовалют и смарт-контрактов, а также возрастающей ролью блокчейн-технологий в финансовом секторе. В связи с этим традиционные банки сталкиваются с вызовами, требующими переосмысления бизнес-моделей и адаптации к новым условиям. В разделе методологии подробно изложены используемые исследовательские подходы и методы анализа. Для эмпирической проверки гипотез применялись сравнительный анализ, кейс-стади, а также экономикоматематическое моделирование. Используемые данные включают показатели финансового состояния банков, динамику инвестиций в цифровые активы, а также статистические данные по децентрализованным платформам. Кроме того, в исследовании учитывались нормативно-правовые аспекты, способствующие формированию гибкой регуляторной среды. В разделе результатов представлена совокупность эмпирических находок, показывающих, что интеграция децентрализованных финансовых систем оказывает как положительное, так и отрицательное воздействие на традиционные банковские институты. С одной стороны, банки, активно внедряющие технологические инновации, демонстрируют улучшение операционной эффективности и расширение спектра финансовых услуг. С другой стороны, наблюдается рост рисков, связанных с кибербезопасностью и недооценкой новых технологических угроз, что может негативно сказаться на устойчивости финансовой системы. Заключительный раздел обсуждения акцентирует внимание на необходимости гибкого регулирования и стратегического переосмысления роли банков в условиях цифровой трансформации. Авторы предлагают рекомендации для интеграции традиционных финансовых институтов в экосистемы децентрализованных финансов с целью повышения их устойчивости, конкурентоспособности и адаптивности к быстро меняющимся рыночным условиям. Таким образом, представленное исследование способствует расширению теоретических знаний и практических подходов к управлению рисками и возможностям в новой экономической реальности. This scientific article is devoted to the study of the impact of decentralized financial systems on the stability of traditional banking institutions in the context of the digital transformation of the economy. The introduction describes the relevance of the topic due to the rapid development of financial technologies, the growing popularity of cryptocurrencies and smart contracts, as well as the increasing role of blockchain technologies in the financial sector. In this regard, traditional banks face challenges that require rethinking their business models and adapting to new conditions. The methodology section describes in detail the research approaches and methods of analysis used. Comparative analysis, case studies, and economic and mathematical modeling were used to empirically test hypotheses. The data used includes indicators of the financial condition of banks, the dynamics of investments in digital assets, as well as statistical data on decentralized platforms. In addition, the study took into account regulatory and legal aspects that contribute to the formation of a flexible regulatory environment. The results section presents a set of empirical findings showing that the integration of decentralized financial systems has both positive and negative impacts on traditional banking institutions. On the one hand, banks that actively implement technological innovations demonstrate improved operational efficiency and an expanded range of financial services. On the other hand, there is an increase in risks associated with cybersecurity and underestimation of new technological threats, which can negatively affect the stability of the financial system. The final section of the discussion focuses on the need for flexible regulation and strategic rethinking of the role of banks in the context of digital transformation. The authors propose recommendations for integrating traditional financial institutions into decentralized finance ecosystems in order to increase their resilience, competitiveness, and adaptability to rapidly changing market conditions. Thus, the presented research contributes to the expansion of theoretical knowledge and practical approaches to risk management and opportunities in the new economic reality.

Saranya T.S, Sandeep Kumar Gupta, Subiksha Venkatesan

No abstract is available for this record.

Vanitha Swaminathan

No abstract is available for this record.

O. Peshko

The article examines the role of digitalization as a key trend in the turbulent environment of corporate enterprises. Key infrastructure components necessary for the successful functioning of the digital economy have been identified, including the regulatory framework, digital skills of professionals, and effective and accountable institutions. An important trend in the development of the digital economy is the emergence of "FinTech" companies that replace traditional financial intermediaries. The main aspects of the essence of the concept of financial technologies "FinTech" are considered. The tools for implementing digital technologies in the financial market of Ukraine are analyzed, including neobanking, artificial intelligence and machine learning, cryptocurrencies, open banking and financial ecosystems. The rapid development of these instruments is causing turbulence in both the financial sector as a whole and the emission activity of corporate enterprises. Among the features of the digitalization of emission activity in the financial market, the network effect, globalization, changing business models and increasing the speed of change are highlighted. The risks of introducing digital technologies into the financial market, including in the context of digitalization of emission activities in Ukraine, in addition to general risks related to cybersecurity, data privacy, lack of qualifications and knowledge, lack of flexibility and dynamism, include such specific risks as the emergence and development of decentralized autonomous organizations (DAO). A feature of DAO is that their role as a mechanism for protecting interests of stakeholders does not require the usage of an extensive system of various intermediaries that are necessary for the traditional stock market, which helps minimize transaction costs. The analysis of the role of digitalization as a modern trend in the formation of the corporate environment of enterprises showed a dual nature of the impact, since digitalization contributes to the growth of the adaptability of enterprises by accelerating the response to the challenges of a dynamic environment. However, digitalization enhances the dynamism of the environment itself and, in the process of interference with other factors, generates its turbulence. Prospects for further research include the development of a methodology for assessing the effectiveness of the usage of digital technologies, in particular artificial intelligence and blockchain, for the digitalization of the emission activity of corporate enterprises.

Elvira N. Belozorova

The article is devoted to the development of integration models of corporate governance for digital financial assets in distributed ledger ecosystems as applied to agricultural and processing enterprises that experience a chronic shortage of investments and require alternative sources of financing. The purpose of the study is to provide a theoretical and applied justification for a format of digital asset governance that simultaneously ensures capital raising, compliance with regulatory requirements, reduction of cyber risks, and operational interoperability of blockchain platforms with the existing infrastructure of an enterprise. The materials include statistics on investments in the agro industrial complex, regulatory and legal acts of Russia and foreign jurisdictions, industry analytical reports, as well as more than 70 academic publications. The study employs methods of system and comparative analysis, economic and statistical methods, bibliometric analysis, case studies, and business-process simulation modeling. The results show exponential growth in the financing of agricultural projects through digital financial assets: in 2019–2024, the volume of attracted funds increased from zero to 28.7 billion rubles, and the share of tokenized instruments reached 7.5% of all investments in the sector. Scenario analysis demonstrates that the presence of a formalized corporate governance system and advanced cybersecurity reduces the average number of incidents by almost three times and decreases total annual losses by more than half, even with increasing preventive costs. Modeling of three integration options (traditional, partially integrated, and fully integrated) reveals up to a 24-fold reduction in data reconciliation time, a tenfold decrease in errors, and more than a sevenfold reduction in transaction costs when transitioning to a unified distributed ledger. Based on the analysis, the article substantiates the concept of an integration model of corporate governance for digital financial assets, relying on a combination of a regulatory-neutral architecture, risk-oriented management procedures, and deep IT integration, which makes it possible to consider digital assets as a sustainable element of the financial strategy of agro-industrial enterprises rather than a one-off experiment.

Georgy Kolesnik

The development of distributed ledger technologies (blockchain) led to the alternative ways to finance projects based on the issuance of tokens – digital accounting units in blockchain platforms. Unlike traditional financing mechanisms, the use of tokens allows for greater flexibility in fundraising and income and management rights allocation among stakeholders. An urgent problem that arises when using this mechanism is to determine the proportions in which tokens are distributed among the stakeholders of the project. Currently, this problem is solved by each project individually, based on its organizers’ subjective vision. In the article, the problem of token allocation of a decentralized project is investigated from the point of view of cooperative game theory. A token allocation model is considered in the form of a three-party cooperative game and the properties of its solutions are investigated, based on the core, Shapley value and nucleolus. The model allows to obtain estimates of rational token allocations corresponding to the participants’ contributions in the project, as well as stable to individual parties and their coalitions deviations. It also makes possible to solve the inverse problem of assessing the contribution of participants and their coalitions to the value of the project based on information about the past token allocation.

Amarachi Queen Olufemi-Phillips, Onyeka Chrisanctus Ofodile, Adekunle Stephen Toromade, Abbey Ngochindo Igwe · 5 authors

This study explores the potential of blockchain technology to stabilize food supply chains during periods of economic inflation. Economic inflation poses significant challenges to food security, as rising prices can disrupt supply chain transparency, efficiency, and trust among stakeholders. This research develops a conceptual model demonstrating how blockchain can enhance transparency and stability in food supply chains, ultimately improving resilience against inflationary pressures. By providing a decentralized, immutable ledger, blockchain technology allows for real-time tracking of food products from farm to table, enabling better inventory management and demand forecasting. The proposed model integrates key components, including smart contracts, which automate transactions and ensure compliance with quality and safety standards. This feature not only reduces delays but also fosters trust among supply chain participants, such as farmers, distributors, retailers, and consumers. Additionally, the model emphasizes the role of data analytics in harnessing blockchain data to provide insights into pricing trends and inventory levels, facilitating proactive decision-making in response to inflation. Future research directions are identified, focusing on innovations within blockchain technology that could further mitigate the effects of inflation on food supply chains. Potential areas of exploration include integrating artificial intelligence (AI) for predictive analytics, utilizing Internet of Things (IoT) devices for real-time data collection, and developing decentralized finance (DeFi) solutions to enhance liquidity and investment in the agricultural sector. This study contributes to the growing body of literature on blockchain applications in supply chain management by highlighting its potential as a tool for enhancing food security in inflationary environments. By ensuring transparency, improving stakeholder collaboration, and providing actionable insights, blockchain technology can play a pivotal role in stabilizing food supply chains amidst economic fluctuations. Ultimately, this research advocates for the adoption of blockchain solutions as part of comprehensive strategies to safeguard food systems from the adverse impacts of inflation. Keywords: Blockchain Technology, Food Supply Chains, Economic Inflation, Transparency, Stability, Smart Contracts, Predictive Analytics, Data Analytics, Food Security, Decentralized Finance.

Oleksandr Bignyak, S. Mazurenko, Olga Ivanchenko

This article is dedicated to the study of the theory of transformation of intellectual property legal regimes through blockchain technologies on an international scale. It focuses on three thematic blocks: firstly, defining the essence of blockchain technologies; secondly, analysing international blockchain technology standards; and thirdly, exploring variations in the use of blockchain technologies for the registration of intellectual property objects. The subject of the study is the social relations in the field of intellectual property and the mechanisms for their regulation. Methodology. The article employs scientific methods of cognition and doctrinal resolution of issues related to the use of digital tools in the regulation of social relations. This encompasses formal-logical and dialectical methodologies. A variety of empirical techniques, including synthesis, deduction, and statistical analysis, were employed. Results. The study reveals the absence of a direct indication of the use or intent to use distributed ledger technology, otherwise known as blockchain technology. The study demonstrates the significance of utilising blockchain technology in maintaining the customs register to account for intellectual property objects protected by law. This ensures the impossibility of unauthorised alteration or deletion of information about intellectual property objects, as provided by distributed ledger technology. These legal relations emerge in the course of entering information into the aforementioned registers, making modifications (updates), and providing information to interested parties. The use of blockchain technologies in the formation of the register of issued certificates of state registration of copyright for a work is justified.