APPLICATION OF BLOCKCHAIN TECHNOLOGY IN THE SUPPLY CHAIN IN THE PROCESS OF FORMING A STRATEGY FOR FOREIGN ECONOMIC ACTIVITY OF ENTERPRISES

Authors

DOI:

https://doi.org/10.31891/mdes/2024-11-3(1)

Keywords:

blockchain technologies, supply chains, formation, foreign economic activity strategy, enterprise

Abstract

The article substantiates the need to use blockchain technology in the supply chain in the process of forming a strategy for foreign economic activity of enterprises.

It is established that blockchain can be the optimal solution for ensuring tracking in all processes related to supply chains around the world, promoting the principle of "just in time" from an ethical point of view, when values such as honesty, transparency and trust are finally established. 

The results of the study demonstrate that there are various blockchain-based platforms that adapt to the needs, facilitating the implementation and adoption that this technology requires, providing an opportunity to strengthen enterprises as strong competitors in a global environment, it is vital that they overcome the challenge of configuration and infrastructure management to support n solutions within the framework of coordination and collaboration between all their participants.

Blockchain can be the optimal solution for ensuring tracking in all processes related to supply chains around the world, promoting the principle of "just in time" from an ethical point of view, when values such as honesty, transparency and trust are finally achieved.

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Published

2024-03-28

How to Cite

KULISH Д. (2024). APPLICATION OF BLOCKCHAIN TECHNOLOGY IN THE SUPPLY CHAIN IN THE PROCESS OF FORMING A STRATEGY FOR FOREIGN ECONOMIC ACTIVITY OF ENTERPRISES. MODELING THE DEVELOPMENT OF THE ECONOMIC SYSTEMS, (1), 22–32. https://doi.org/10.31891/mdes/2024-11-3(1)