Статья посвящена разработке и апробации методики моделирования сквозных бизнес-процессов для экосистем и партнерских сетей. Актуальность исследования обусловлена распространенной проблемой процессных разрывов – рассогласований на стыке взаимодействия независимых участников, ведущих к дублированию операций, ошибкам в данных и снижению скорости обслуживания. Предлагается инструментарий для устранения указанных разрывов. Целью исследования является создание практико-ориентированной методики, обеспечивающей бесшовную интеграцию процессов юридически автономных организаций. Для достижения цели решаются задачи анализа типов процессных разрывов, разработки метамодели и пошагового алгоритма построения сквозного процесса, а также его верификации на отраслевом примере. Ключевым результатом является четырехэтапный алгоритм, включающий идентификацию участников, картирование процесса в состоянии «как есть» с фиксацией разрывов, проектирование стандартизированных цифровых интерфейсов (API, реестры данных) и построение целевой модели «как должно быть» в нотации BPMN 2.0. Практическая значимость методики подтверждена апробацией в контексте процесса «Оформление комплексного туристического продукта». Внедрение позволило достичь измеримых улучшений: время выполнения процесса сократилось на 62,5 % (с 4 до 1,5 часов), доля ручных операций уменьшилась на 60 %, а показатель удовлетворенности клиентов вырос на 25 пунктов. Научная новизна заключается в адаптации принципов процессного моделирования к условиям децентрализованных сетевых структур с акцентом на формализацию интерфейсов взаимодействия. Статья содержит готовые к применению элементы: классификацию разрывов, шаблон метамодели, сравнительные таблицы и схемы, что позволяет тиражировать подход в различных отраслевых экосистемах. This article explores the development and validation of a methodology for modeling end-to-end business processes for ecosystems and partner networks. The relevance of the study stems from the widespread problem of process gaps – inconsistencies at the interface of independent participants that lead to duplicated operations, data errors, and reduced service speed. A toolkit for eliminating these gaps is proposed. The aim of the study is to create a practice-oriented methodology that ensures seamless integration of processes in legally autonomous organizations. To achieve this goal, the authors analyze process gap types, develop a metamodel and a step-by-step algorithm for constructing an end-to-end process, and verify it using an industry example. The key result is a four-stage algorithm that includes participant identification, process mapping in the “as is” state with gap recording, design of standardized digital interfaces (API, data registries), and construction of a target “as is” model in BPMN 2.0 notation. The practical significance of the methodology was confirmed by testing it in the context of the “Integrated Tourism Product Design” process. Implementation resulted in measurable improvements: process execution time was reduced by 62.5 % (from 4 to 1.5 hours), the proportion of manual operations was reduced by 60 %, and customer satisfaction increased by 25 points. The scientific novelty lies in adapting process modeling principles to the conditions of decentralized network structures with an emphasis on the formalization of interaction interfaces. The article contains ready-to-use elements: a gap classification, a metamodel template, comparative tables, and diagrams, enabling the approach to be replicated across various industry ecosystems.
Abstract Green entrepreneurship has emerged as a key driver of sustainable market transformation, linking innovation, environmental stewardship, and social equity. Green entrepreneurship plays a vital role in enabling low-carbon growth by introducing innovative solutions that mitigate environmental impact while generating socio-economic value. The emergence of carbon markets provides a new economic mechanism to reward emission reduction activities, thereby creating sustainable market opportunities. This research explores how carbon finance mechanisms, including carbon credits, offset projects, and nature-based solutions, can support the growth of green enterprises. The study examines the potential of decentralized community-led green entrepreneurship models like coir and bamboo to participate in carbon markets and contribute to sustainable market ecosystems using digital tools and online platforms. It aims to explore how rural fibre-based industries can leverage carbon finance mechanisms to achieve environmental sustainability while enhancing rural livelihoods. By investigating the research intersection of low-carbon innovation, community enterprise, and carbon monetization, this research positions Online Green Entrepreneurship as a transformative pathway for building in Sustainable Markets Ecosystem. Keywords: Green Entrepreneurship, Sustainable Markets, Digital Tools, Online Platforms, Low-Carbon Innovation, Carbon Markets, Carbon Finance, Rural Livelihoods, Community Enterprise, Socio-Economic Value, Ecosystem.
This article analyzes the impact of global financial technologies—specifically Blockchain, decentralized finance systems (DeFi), and Central Bank Digital Currencies (CBDC)—on the banking system within the IMRAD framework. The paper examines the transformational influence of modern FinTech innovations on traditional banking services, their role in expanding financial inclusion, and the associated issues of security and regulatory challenges. The study also highlights the prospects of implementing such technologies in developing countries like Uzbekistan.
Марат Рашитович Сафиуллин, Leonid Alekseevich Elshin, Yaroslav Kuznetsov
Objective: This study seeks to substantiate the prospects for using blockchain technologies as a mechanism to attract Islamic finance to the Russian regions, with the dual aim of mitigating sanctions-related restrictions and fostering integration into global Islamic financial ecosystems. Methodology/Approach: The research employs econometric and systems analysis to assess the macroeconomic externalities of blockchain-driven Islamic finance inflows. A methodological toolkit was developed and tested to estimate potential market capacity, using data from four Russian regions (Tatarstan, Bashkortostan, Chechnya, Dagestan) through 2030. The approach incorporates substitution modeling of lost Western capital, scenario analysis, and the application of blockchain-based financial gateways. Originality/Relevance: The originality of this work lies in linking two underexplored areas—Islamic finance and blockchain technologies—in the context of Russia’s geoeconomic reorientation toward Asia and the Global South. The study provides an innovative framework for replacing Western capital flows with investments from Islamic finance markets through decentralized fintech solutions. Main Conclusion: Findings demonstrate that the use of blockchain-based financial mechanisms can significantly expand the capacity of Russian regions to attract Islamic finance. Tatarstan and Bashkortostan show the highest potential, while Chechnya and Dagestan present smaller but strategically relevant capacities. Blockchain solutions are positioned as a breakthrough tool for overcoming international financial isolation and enabling long-term convergence with Islamic digital ecosystems. Theoretical/Methodological Contribution: The study advances the methodological basis for assessing fintech’s role in regional investment attraction by introducing a quantitative model that integrates substitution coefficients, market capitalization ratios, and penetration indices. It enriches the theoretical discourse on blockchain’s economic externalities and provides policymakers and practitioners with actionable instruments for embedding Islamic finance within regional development strategies.
The poor economic status particularly in the developing countries has resulted in limited income, scarcity of investment funds, while at the same time regulations governing project financing remain a challenge for the electricity sector. This study investigates the economic sustainability of different sources of energy to provide critical information to planners and policy makers seeking to develop an energy mix that guarantees clean and affordable electricity. Clean, efficient and affordable electricity directly and indirectly supports almost all the sustainable development goals as a vital physical input and enabler. Decentralized energy (DE), and distributed energy systems constitute power generation and storage close to the point of power need or consumption, and may or may not be connected to the distributed network. This reduces the transmission and distribution costs but leads to growth in use of local energy resources, which is an important strategy in the global sustainable energy transition. In terms of investment in clean energy, the financing for clean energy is a major concern for developing countries who play host for the close to 80 % of the global population targeting in SDP 7 targets. Therefore, economic sustainability of the energy transition is of critical importance. Decentralized generation provide numerous economic opportunities besides increasing access to clean energy for remote and off grid communities. This paper aims to develop the understanding of the relative economic value of the various energy options available for decentralized generation. The study compares the economic impacts of energy sources to help in identifying energy sources that will leave the highest positive economic impacts and limited financial cost. The findings of this study are valuable to energy and generation planners and policy makers in policy formulation and development a cost effective energy mixes. Clean, renewable, and affordable energy is a requirement for improved social, economic, and environmental health , which leads to sustainable modern energy and electricity services. The global concerns over greenhouse gas emissions and climate change as well as the need to electrify close to 750 million people with no access to reliable electricity are the main drivers of the current interest in decentralized generation. This generation offers multiple benefits like wider exploitation of local energy resources, reduced transmission and distribution costs as well as losses, higher power system resilience, higher efficiency, and democratisation of the electricity sector. However, high upfront costs and electricity costs can make decentralise generation financially unattractive to consumers and investors. The assimilation of low-cost and highly available low carbon energy sources will contribute to the attainment of the sustainable development goals particularly goal number 1 (SDG1) on poverty alleviation and goal number 7 on access to modern clean energy resources (SDG 7). The economic considerations for different decentralized energy sources was undertaken based on job creation potential, price of energy resources, levelized coat of power, demonstrate the relative economic competitiveness of energy options for decentralized power systems. The study showed that the noncombustible renewables are freely supplied by nature and hence have the lowest operation costs. By having the lowest levelized cost of power compared with fossil fuels , the renewable are more cost competitive on lifecycle basis, additionally renewables led by solar energy have the highest job creation potential. The fossil fuel sources have higher flexibility indicators like lowest ramp time and minimum run time making them ideal source of stabilizing power together with hydropower in the energy mix. Truly sustainable plans in decentralized generation should be based on real local based conditions where credible and site-specific data and information is available as opposed to the use of globalised data adopted in this study. Therefore, the findings of this study ought to be subjected to further review based on local data and realities of specific locations and countries for more reliable and accurate planning. This study demonstrated that distributed and decentralized generation is a power tool for the realisation of all the sustainable development especially in developing countries.
The article examines topical aspects of financial support for sustainable development of local communities in decentralization, martial law, and institutional transformation of the public administration system. The concept of internal and external sources of financing that constitute the resource base for local economic development is revealed, and the need for their balanced use to ensure social stability, infrastructure modernization, and economic autonomy of territorial communities is justified. The primary forms of internal resources are structured revenues to local budgets, income from communal property, own services, and the potential of external sources — interbudgetary transfers, grant programs, investments, loan instruments, and public-private partnerships — outlined. Emphasis is placed on the importance of developing human, social, and institutional capital as key intangible resources of local self-government bodies that ensure the effective implementation of strategic initiatives. Particular attention is paid to modern mechanisms for attracting financing, including municipal bonds, crowdfunding, voucher mechanisms, preferential lending, and corporate social responsibility. It was emphasized that increasing the financial capacity of local communities requires local self-government bodies to have high managerial competence, openness to partnerships, strategic thinking, and the ability to mobilize both internal and external resources. The article substantiates the feasibility of applying a comprehensive approach to forming a resource base for local development, combining financial, organizational, managerial, and communication aspects. The study results are of theoretical importance for deepening the scientific foundations of regional development and practical value for the formation of strategies to increase the financial self-sufficiency and investment attractiveness of communities in conditions of crisis transformations. Keywords: territorial communities; local economic development; financial security; internal resources; external sources of financing; budget autonomy; investments; grants; municipal finances; credit mechanisms; social capital; management capacity; decentralization; public administration; sustainable development.
Selvi Amanda, Arif Laksono, Natania Nurafni, Osberth Sinaga
This study examines the digital transformation of the creative arts industry, focusing on how technologies such as Augmented Reality (AR), Virtual Reality (VR), and Non-Fungible Tokens (NFT) have altered the creation and marketing of artworks. Digital platforms have expanded market access for artists, opened new opportunities for more efficient business models with lower costs, and created greater possibilities for cross-disciplinary collaboration. In this context, digital technologies allow artists to reach a global audience and sell their works in more innovative and interactive formats, increasing audience participation in the creative process. However, these developments also face significant challenges, such as increasingly intense competition, rapidly shifting trends, and limitations in resources to optimally implement these technologies. Furthermore, while there are significant opportunities in the global market, some artists in Indonesia still face difficulties in accessing and utilizing the latest technologies. With the creative economy contributing 7.16% to Indonesia's GDP in 2018, this study aims to provide an overview of the dynamics of the arts industry in the digital era and explore potential strategies to support the development of a more adaptable creative ecosystem. These strategies include digital training, strengthening cross-sector collaboration, and enhancing digital infrastructure to facilitate the future growth of the creative arts industry.
А. В. Медведев, Anna A. Ilmushkina, Elena V. Verbitskaya
The article considers the theoretical, methodological and applied aspects of the formation of the digital economy from the standpoint of the transformative influence of information technologies on traditional industries. Particular attention is paid to the analysis of architectural and institutional mechanisms of digitalization, including the introduction of cyber-physical systems (CPS), platform economy, cloud and edge computing, artificial intelligence and distributed ledgers. Based on an interdisciplinary approach, the impact of digital technologies on the manufacturing, agricultural, transport and logistics, trade, financial and service sectors is substantiated using statistical data and empirical case studies. In conclusion, recommendations are formulated for institutional support of digital transformation, development of digital infrastructure and formation of adaptive management strategies in the context of the transition to a data economy.
This article examines the application of blockchain technology for creating and circulating new investment assets in the creative industry. The study analyzes the impact of decentralized technologies, particularly blockchain, on the formation of new types of investment assets in the creative sector of the economy and assesses their potential for industry development. The research employs a systematic approach, methods of analysis and synthesis, comparative and statistical analysis, and generalization of expert assessments. The current state and trends in the use of blockchain technologies in the creative industry have been investigated, with a focus on NFTs, intellectual property tokenization, and decentralized autonomous organizations (DAOs). The study concludes that blockchain technologies create fundamentally new opportunities for monetization and investment in creative assets, while also highlighting challenges such as regulatory uncertainty and technological limitations. Recommendations for maximizing the positive impact of blockchain on the creative economy are provided, along with suggestions for further research.
M. Shanthalakshmi, J. Jeyalakshmi, R. Sunandita, Yerragogu Rishitha · 6 authors
Supply chain finance provides an ideal solution in the latest transactions for suppliers to receive early payment. However, the problems of risk and amalgamation issues can only be rectified by blockchain and AI technologies. The proof of stake consensus algorithm protects private transaction details from breaches and provides an efficient and economical mechanism to enhance the SCF system. Additionally, blockchain provides the scalability feature to extend these chains to a global level. The introduction of smart contracts automates transactions without intermediaries. Moreover, blockchain records being immutable and decentralised protect the integrity of data. The Ring signature algorithm increases the confidentiality of transactions along with the Distributed Key Generation (DKG) algorithm used for authentication. Merkle trees are used as a data structure to store financial records. Blockchain’s interoperability makes it an attractive option to use along with traditional supply chain methodologies. AI algorithms in supply chain finance help detect fraudulent activities and assess risk. It also performs predictive analytics which leads to better decision-making. AI also provides easy collaboration between supply chain partners. It automates compliance checks reducing the administrative burden for businesses. AI checks various data points and assesses the creditworthiness of suppliers. It also reduces errors and delays in payments by automating invoice and payment processing. Clustering algorithms can be used to group vulnerabilities and Reinforcement learning can be deployed to categorise risks. The integration of blockchain and AI in supply chain finance presents promising benefits. Blockchain ensures transparency, data integrity, and fraud prevention, while AI facilitates data-driven decision-making and personalised financing. By leveraging algorithms for consensus, smart contracts, predictive analytics, fraud detection, and autonomous supply chain operations, businesses can achieve an efficient, secure, and resilient supply chain finance ecosystem. This synergy paves the way for a transformative shift in the global supply chain finance landscape, enhancing collaboration, trust, and financial inclusivity.
This study explores the transformative potential of blockchain technology in green finance, aiming to assess how it enhances transparency, efficiency, and trust within the sector. Employing a systematic literature review and content analysis, the research scrutinizes peer-reviewed journals, industry reports, and case studies to elucidate blockchain's impact on sustainable financial practices. The methodology focuses on identifying the benefits, challenges, and strategic implications of blockchain applications in green finance, guided by specific inclusion and exclusion criteria to ensure the relevance and quality of the literature analyzed. Key findings reveal that blockchain technology significantly contributes to the transparency and efficiency of green finance mechanisms, such as green bonds and sustainability-linked loans, by providing immutable, transparent, and secure transaction records. This technological integration fosters trust among stakeholders, including investors, regulators, and beneficiaries, and addresses traditional challenges faced by green finance, such as lack of transparency and high transaction costs. The study underscores blockchain's role as a catalyst for change in the future of green finance, advocating for the development of supportive regulatory frameworks and international collaboration to fully harness its potential. Finally, the research offers strategic recommendations for enhancing transparency and trust in green finance through blockchain technology and identifies areas for future research, including the exploration of emerging technologies and the socio-economic implications of blockchain in sustainable finance. This study contributes to the ongoing discourse on leveraging blockchain technology to advance environmental sustainability goals within the financial sector. Keywords: Blockchain Technology, Green Finance, Transparency and Trust, Sustainable Financial Practices.
Volodymyr Nakonechnyi, Serhiі Tolіupa, Volodymyr Saiko, В. И. Луценко · 6 authors
Background: The fast digital revolution and expansion of the Internet have influenced banking, leading to blockchain technology and cryptocurrencies. This technique may solve online banking security and transparency challenges. This paper examines the obstacles faced when incorporating blockchain technology into financial systems, explicitly emphasising crucial concerns, including scalability, interoperability, and adherence to shifting regulatory frameworks. These problems are crucial for comprehending the intricacies and viability of using blockchain technologies in the ever-changing environment of online banking operations. Objective: This article aims to examine the impact of blockchain implementation in the banking system, focusing on its ability to enhance the protection of online banking operations. It aims to elucidate the advantages and disadvantages of this platform in the banking industry, with a particular emphasis on its technical functionalities and consensus algorithms. Methods: Wo models and block architecture, the study analyses the technical functionalities of blockchain technology, drawing comparisons with traditional banking systems. The research also explores the application of security, verification, and decentralisation features to prevent fraudulent activities and ensure transaction integrity, mainly focusing on the banking landscape in India. Results: Initial findings indicate that blockchain technology holds promising prospects for improving banking efficiency, with its structures efficiently tracking transactions and preventing unauthorised alterations. The technology’s characteristics, such as security and decentralisation, make it a potential game-changer in the financial industry, with increasing acceptance and application by banks and financial institutions worldwide. Conclusion: Blockchain technology is poised to play a pivotal role in reshaping the future of the banking industry by addressing issues of security, transparency, and efficiency in online banking operations. Its increasing adoption by banks worldwide signifies a shift in traditional banking paradigms, highlighting the technology’s potential to revolutionise financial systems and create a more secure and transparent banking environment.
Philip Olaseni Shoetan, Babajide Tolulope Familoni
Blockchain technology, originally developed for digital currencies, has evolved to offer transformative prospects for enhancing financial security and efficiency beyond its initial application. This review paper explores the expansive utility of blockchain technology across various domains, with a special focus on its implications for green logistics innovations within the oil industry, drawing a comparative analysis between Nigeria and the USA. Through a comprehensive review of existing literature, this study aims to uncover the multifaceted impact of blockchain on streamlining operations, ensuring transparency, and fostering sustainability in the oil sector's supply chain management. The methodology hinges on synthesizing findings from peer-reviewed articles, industry reports, and case studies to construct a holistic view of blockchain's role in mitigating traditional challenges faced by the oil industry, such as fraud, inefficiencies, and environmental concerns. By comparing the progress and setbacks in Nigeria and the USA, the paper delineates the influence of regulatory frameworks, technological infrastructure, and stakeholder engagement on the adoption and effectiveness of blockchain solutions. Key findings reveal that blockchain technology can significantly elevate financial security and operational efficiency, offering a robust framework for transparent, immutable transactions and supply chain oversight. However, the comparative analysis highlights a notable divergence in adoption levels and outcomes, attributed to varying degrees of technological readiness, regulatory environments, and commitment to sustainability goals between the two countries. Conclusively, the paper emphasizes that the broader application of blockchain in enhancing green logistics and sustainability within the oil industry requires a concerted effort among policymakers, industry leaders, and technology providers. It advocates for targeted investments in technology infrastructure, clearer regulatory guidelines, and stronger collaborations to harness blockchain's full potential, suggesting a pathway towards more secure, efficient, and sustainable industry practices. Keywords: Blockchain Technology, Financial Services, Smart Contracts, Decentralized Finance (Defi), Regulatory Landscape, Ethical Considerations, Privacy Concerns, Data Protection, User Anonymity, Operational Efficiency, Financial Security, Scalability Issues, Energy Consumption, Consensus Mechanisms, International Regulations, Jurisdiction-Specific Challenges, Technology Adoption, Integration Strategies, Innovation, Collaboration, Financial Ecosystem.
This paper explores the transformative potential of blockchain technology in addressing inefficiencies, opaque processes, and fraud susceptibility in the traditional supply chain ecosystem. Blockchain technology, with its distributed ledger technology (DLT), provides secure, transparent, and tamper-proof record-keeping capabilities throughout the supply chain. Its applications include traceability and transparency, inventory and logistics optimization, smart contracts for automated payments, and counterfeit prevention and brand protection. Blockchain's decentralized and immutable ledger facilitates traceability, offering an unalterable record of the journey of goods. Real-time visibility into inventory levels and locations empowers better forecasting, demand planning, and logistics management, leading to cost reductions and improved efficiency in warehousing, delivery routes, and resource utilization. Smart contracts enable automated, secure, and transparent execution of predefined contractual conditions, resulting in efficiency gains, cost savings, and contractual compliance. Blockchain also creates a secure digital fingerprint for products, combating counterfeiting and ensuring product authenticity throughout the supply chain. The case study of Everledger in the diamond industry exemplifies how blockchain technology contributes to ethical sourcing and reduces the risk of conflict diamonds. However, blockchain faces challenges such as scalability, regulatory uncertainties, cost, and privacy concerns. Future directions involve integrating blockchain with artificial intelligence and the Internet of Things, developing industry-specific blockchain solutions, and exploring hybrid blockchain models. By addressing these challenges through collaborative research, development, and policy initiatives, stakeholders can unlock the full potential of blockchain in supply chain management, creating a resilient and robust supply chain ecosystem. Keywords: Blockchain, Supply Chain Management, Traceability, Efficiency, Trust, Case Studies, Best Practices, Agriculture, Pharmaceuticals, Manufacturing, Challenges, Future Directions
Advances in artificial intelligence, robotics, neural networks, artificial limbs and systems, automation, virtual and augmented reality, machine learning, and other fields hold great promise for improving efficiency and knowledge acquisition. Decentralization is one of the trends in the modern global finance market. The growth and active development of the Islamic finance and banking industry, the growth in the number of Muslims in the world and other factors determine the interest of researchers in digitalization issues. This paper is devoted to the study of the possibilities, approaches and views on the use of digital currencies from the point of view of Islamic finance. Methods of analysis and synthesis, comparative analysis are used. The approaches of various countries of the Muslim world to the introduction of digital currencies are analyzed, ongoing projects are considered. In the Islamic world, there has not yet been a consensus on the permissibility and scope of the possible use of digital currencies. The authors conclude that, in general, digital currencies can be harmoniously used within the concept of Islamic finance. This is facilitated by such factors as the transparency of decentralized finance and digital currencies, the contribution to the protection of the wealth of society, the focus on social benefits, which is in line with the good goals of Islamic finance and its social value.
Irina I. Glotova, Elena P. Tomilina, Irina P. Kuzmenko
The application of blockchain technologies, as well as the identification of their potential benefits and risks, is an important process of digitalization of society. The authors present a comprehensive view of how blockchain can change traditional processes in various areas, such as finance, healthcare and public administration, and assess the impact of these changes on the social structure and economic models. Aspects of decentralization, increased transparency and data security are considered in detail, along with challenges, including tech-nical, legal and ethical issues. The results of the study show that despite significant benefits, such as reduced costs and increased trust, blockchain also carries risks associated with ineffi-ciency in case of mass application, lack of a regulatory framework and the possibility of using the technology to “circumvent” laws.
This article aims to explore the use of digital finance and fintech in financing sustainable projects and explain trends in the development of sustainable digital finance. Sustainable digital finance is the targeted application of digital finance to finance and support appropriate institutional and market mechanisms that contribute to the achievement of sustainable development. It is determined that the decentralization of the financial sphere opens up new opportunities for «green» investments and achievement of sustainable development goals. Transparency, trust, and efficiency are becoming essential components of a sustainable financial ecosystem that conserves natural resources and supports environmentally friendly initiatives. The use of digital technologies such as artificial intelligence (AI), blockchain and the Internet of Things (IoT) in the financial sector to support sustainable development and green finance is considered. By providing financial risk forecasting and analysis, these technologies help create sustainable and effective strategies for issuers and investors, which contributes to the development of a sustainable financial sector. The taxonomy of «green» digital finance, which combines sustainable development goals with digital financial technologies, is considered. The characteristics and examples of different types of sustainable digital financial solutions are provided. The importance of continuing research in the field of sustainable digital finance to promote «green» initiatives and effectively address modern global challenges is emphasized. The practical value of this article is that it provides an overview of modern technological and financial innovations in green finance and sustainable development. The results of the study can be useful for researchers interested in the integration of finance and technology in the context of sustainable development, providing them with a basic understanding of key concepts and trends in this direction.
Bukola A. Odulaja, Kelechi Chidiebere Ihemereze, Ololade Gilbert Fakeyede, Adekunle Abiola Abdul · 6 authors
The integration of blockchain technology into sustainable procurement processes has garnered significant attention in recent years, promising a transformative shift in ensuring transparency, traceability, and adherence to sustainability standards. This study embarked on a comprehensive exploration of the potential, effectiveness, challenges, and future implications of blockchain in the realm of sustainable procurement. Utilizing a rigorous methodology, the research delved into decentralized ledgers, smart contracts, and the inherent transparency offered by blockchain. Key findings highlighted the unparalleled potential of blockchain in enhancing trust and accountability among stakeholders, while also emphasizing the barriers to its widespread adoption, such as high implementation costs and the need for a paradigm shift in organizational culture. The study concludes with a forward-looking perspective, emphasizing the profound benefits organizations stand to gain by proactively embracing blockchain in their procurement processes. Recommendations underscore the importance of stakeholder education, pilot projects, and collaboration with regulatory bodies. As the landscape of sustainable procurement evolves, blockchain emerges as a pivotal tool in shaping its future. Keywords: Blockchain, Sustainable Procurement, Decentralized Ledgers, Smart Contracts, Transparency.
The development of crypto has resulted in NFT (non-fungible token) derivation. Artists began to explore the NFT market with its potential. NFT artists have different ways to get engagement and establish themselves in the world of NFT, whether in terms of artwork substance or in the social field. This study aims to deconstruct the actors behind NFT artists to elucidate the visual style and the social engagement of artists in the world of NFT. The method used in this study is a qualitative approach with data validation from interviews and NFT artwork samples. The data was subsequently processed using actor-network theory (ANT) to analyze and trace the actors behind the NFT artists. Two Indonesian artists, namely Angga Tantama and Mufti Prianka, became the study cases in this research. The result of this study shows heterogeneous actors who support the artists in their work's substance and social engagement. In the case of Mufti Prianka, NFTs influenced him to explore the possibilities of creating digital artworks, whereas for Angga, NFT platforms became one of his well-established channels to publish artworks. Based on their networks, the two Indonesian artists studied have different approaches and motivations in creating and engaging with NFTs.Proses kreatif dua seniman NFT Indonesia dalam perspektif teori jaringan aktorPerkembangan kripto telah menghasilkan derivasi NFT (non-fungible token). Para seniman mulai menjajaki pasar NFT dengan potensinya. Seniman NFT memiliki cara yang berbeda untuk mendapatkan keterlibatan dan memantapkan diri di dunia NFT baik dari segi substansi karya seni maupun dalam bidang sosial. Gaya visual dalam kategori ini bervariasi dengan seniman yang berbeda yang merupakan pencipta di belakangnya. Penelitian ini bertujuan untuk mendekonstruksi aktor di balik seniman NFT untuk menjelaskan gaya visual dan keterlibatan sosial seorang seniman di dunia NFT. Metode yang digunakan dalam penelitian ini adalah pendekatan kualitatif dengan validasi data dari wawancara dan sampel karya seni NFT. Data tersebut selanjutnya diolah menggunakan teori jaringan aktor (ANT) untuk menganalisis dan menelusuri aktor di balik seniman NFT. Dua seniman Indonesia menjadi studi kasus dalam penelitian ini, yaitu Angga Tantama dan Mufti Prianka. Hasil penelitian ini menunjukkan aktor heterogen yang mendukung seniman dalam substansi karya dan keterlibatan sosialnya. Dalam kasus Mufti Prianka, NFT memengaruhinya untuk mengeksplorasi kemungkinan dalam menciptakan karya seni digital, sedangkan pada Angga, platform NFT menjadi salah satu salurannya yang mapan untuk mempublikasikan karya seni. Berdasarkan jaringan mereka, dua seniman Indonesia yang diteliti memiliki pendekatan dan motivasi yang berbeda dalam menciptakan dan terlibat dengan NFT.
Farouq Ahmad Faleh Alazzam, Ali Jabbar Salih, Maher Ali Mohd Amoush, Fadiah Sami Al. Khasawneh
Purpose: This study aimed to assess the extent of the use and the safety of dealing withBitcoin through blockchain technology. Method/approach: Bitcoin model applied for electronic contracts. The method of functional-cost analysis for technical and economic analysis of system development for NFT creation is used in work. Theoretical framework: Bitcoin is a currency that depends on modern technological techniques with many advantages because they are used to send and receive money over the Internet and can be used in legitimate and illegal businesses. Therefore, quick international measures must be taken to regulate them legally through unified international conventions that regulate the ways of legal dealing with them. Results and Conclusions: International laws must govern and regulate the use of Bitcoin, as it is a currency traded over the Internet and can be used in legitimate and illegal businesses. And that the smart contract, which is executable code that runs on top of the blockchain to facilitate, execute and enforce an agreement between untrusted parties without the involvement of a trusted third party, can be used, especially since the International legislation lacks a legal regulation of virtual currencies. Research implications: The findings indicated the importance of stipulating special laws that regulate the use of Bitcoin. Originality/value: This work can provide possible solutions to reduce the risks of using Bitcoin, such as stipulating laws and regulations to regulate their use internationally.
Introduction. The application of blockchain technology has a significant potential to increase the efficiency of accounting compared to the traditional system and will ensure the digital transformation of the accounting process. Problem Statement. The introduction of blockchain technology into the accounting system is at an initial stage and requires significant refinement due to existing limitations. Purpose. To carry out a comparative analysis of the advantages and limitations of using blockchain technology in accounting in comparison with traditional accounting. Methods. The main research methods were general and special scientific approaches to theoretical generalization and grouping, systematization, comparative analysis, logical generalization. Results. Substantiated that the relationship and functionality of the blockchain are perfectly combined with the basic logic of accounting systems. The immutability of the transactions recorded in the blockchain process, the strong ongoing control of the procedures and compliance guaranteed in each phase meet the cardinal principles of accounting summarized in terms of informative data reliability and transparency. Conducted a comparison between pre- and postblockchain accounting characteristics. This established the advantages of blockchaintechnology compared to traditional accounting. The study defines confidentiality issues, scalability and interoperability as important significant constraints for adoption and deployment of blockchain based accounting. Procedural automation of blockchain technology always requires support and monitoring of the correctness of the interpretation of accounting phenomena that require professional judgment. Identified groups of asset transactions that reflect a high probability of outcome uncertainty and measurement uncertainty. Conclusions. Blockchain integration in accounting at enterprises supports consistent with Ukraine's digital transformation strategy. Accounting from this technology perspective would significantly reduce the amount of time and effort used by accountants for traditional and repetitive daily accounting records and constant control over their reliability. The introduction of blockchain in accounting requires overcoming limitations, the main one is the need to make changes to transactions, which require adjustments due to uncertainty and require accounting judgment.
Subject. This article examines the impact of blockchain technology on changing the infrastructure of global financial services, as well as its key advantages and development challenges in the financial environment. Objectives. The article aims to analyze the impact of distributed ledger technology on the implementation of blockchain technologies in smart contracts, non-fungible tokens, cryptocurrencies, central bank digital currencies, and digital financial assets. Methods. For the study, I used the methods of theoretical generalization, structural grouping, and statistical analysis. Results. The article reveals the expansion of the scope and audience of consumers of blockchain tools in the financial environment, the prospects for creating enterprises with minimal management capital, and reducing the cost of making payments. Conclusions. Blockchain technologies have the potential to radically change the global financial services market. Reducing the energy consumption of technologies, introducing a legal regulatory framework, expanding the scalability of blockchain networks, training specialists who understand the specifics of introducing advanced blockchain technologies into the financial sector of the economy – all these and some other acute problems of blockchain development are outstanding.
This article describes the role and importance of the investment climate in the economic development of the country, the content of the Investment Program for 2021-2023, sources of centralized financing of investments in fixed assets in the Republic of Uzbekistan, decentralized sources of financing. issues such as reforms in attraction, investments made by international financial institutions were considered and recommendations were made.