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KHARKIV NATIONAL ECONOMIC UNIVERSITY, UKRAINE

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BUSINESS INFORM №5-2018

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59

Section: Information Technologies in the Economy
UDC 336.7
Davydov D. S., Riabovol D. A.
Prospects for the Using of Blockchain Technology in the Existing Business and Startup Project (p. 396 - 402)

The aim of the article is to research the prospects and opportunities for using blockchain technology in entrepreneurship, as well as international payments and banking operations. On the basis of current and up-to-date data and opinions of authoritative English-language publications on business, the problems concerning the relevance of technology of a distributed ledger have been comprehensively examined, and the results of many startups – young companies working on blockchain-solutions in various spheres, have been evaluated. As a result of the research, the main directions of work of startups in the field of application of blockchain technology were identified: smart contracts; cloud data storage; production processes; sphere of remuneration of employees; electronic voting with protection against breaking; "sharing economy". Prospects for further research in this direction are specific justification of the applicability of distributed ledger technology and the concept of decentralization in developing sectors (the "sharing economy", "Internet of Things"), as well as a deeper analysis of the impact of new solutions in relation to the traditional sectors of the economy, including Ukraine.
Keywords: blockchain technology, new technologies in business, cryptocurrencies, startups in the field of blockchain, decentralization.
Bibl.: 32.

Davydov Denys S. – Candidate of Sciences (Economics), Associate Professor, Director, Karazin Center for Entrepreneurship, Educational and Research Institute «Karazin Business School» of V. N. Karazin Kharkiv National University (1 Myronosytska Str., Kharkiv, 61002, Ukraine)
Email: [email protected]
Riabovol Dmytro A. – Student, Faculty of Economics, V. N. Karazin Kharkiv National University (4 Svobody Square, Kharkіv, 61022, Ukraine)
Email: [email protected]

Article is written in English
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Reference to this article:
Davydov, Denys S., and Riabovol, Dmytro A. (2018) “Prospects for the Using of Blockchain Technology in the Existing Business and Startup Project.” Business Inform 5:396–402.


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