Opportunities for the introduction of smart contracts in the agro-industrial complex of Russia

DOI

10.2991/ispc-19.2019.98How to use a DOI?

Keywords

blockchain, agriculture, digital economy

Abstract

Many advanced technologies appear in the period of digitalization of economic processes, in particular, one of these technologies is the blockchain. The application of this technology is used in many areas: information technology, law, state, and municipal administration, etc. This article discusses the mechanisms of functioning and features of the latest Internet technologies in the context of the agro-industrial complex of Russia. Their practical significance for optimizing the relationship between the seller and the buyer has been investigated. The advantages of the blockchain for all market participants when using technology in the supply of agri-food products are justified. The research shows the possible difficulties and shortcomings of the existing content system, gives recommendations on the use of the blockchain and its evaluation for domestic producers of agricultural products. The authors propose a mechanism for using the blockchain technology in agriculture, which will change the existing practice of trade and settlement transactions between counterparties of the agricultural market.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Dmitriy Nazarov
AU  - Anton Nazarov
AU  - Elena Kulikova
PY  - 2019/06
DA  - 2019/06
TI  - Opportunities for the introduction of smart contracts in the agro-industrial complex of Russia
BT  - Proceedings of the International Scientific and Practical Conference “Digital agriculture - development strategy” (ISPC 2019)
PB  - Atlantis Press
SP  - 439
EP  - 442
SN  - 1951-6851
UR  - https://doi.org/10.2991/ispc-19.2019.98
DO  - 10.2991/ispc-19.2019.98
ID  - Nazarov2019/06
ER  -