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Block Chain and Financial Controlling in the System of Technological Provision of Large Corporations

Author

Listed:
  • Albekov Adam Umarovich
  • Vovchenko Natalia Gennadyevna
  • Andreeva Olga Vladimirovna
  • Sichev Roman Alexandrovich
Abstract
The article is devoted to the research of current trends and priorities for the blockchain technology use in order to ensure the economic security of large corporate entities. Large corporate entities operating in terms of digital economy were selected as the object of the research. The subject of the research is a set of economic and organizational and financial relations ensuring the financial controlling effectiveness in large corporate entities, implemented with the blockchain technology application.The work highlights the advantages and risks of the blockchain technology use at different levels of the economic system on the basis of the study of accumulated experience, reveals institutional gaps and organizational dysfunctions appearing in the course of modelling the blockchain technology application experience to solve definite economic problems, defines the need of institutional, legal, information and technology preparation of economic agents to the blockchain technology implication.Forcing the practice of the blockchain technologies use in corporate entities can provide a minimum level of the corporate sector infrastructural readiness to risk management in the economic system integration into digital economy. At the same time the use of the system and functional approach has allowed coming to a conclusion that the blockchain technology spread in the international and domestic contracting between the corporate sector subjects is creating new threats to economic security, which requires the inclusion of possible risks decomposition in the systems of corporate audit and controlling as a part of the proactive approach.

Suggested Citation

  • Albekov Adam Umarovich & Vovchenko Natalia Gennadyevna & Andreeva Olga Vladimirovna & Sichev Roman Alexandrovich, 2017. "Block Chain and Financial Controlling in the System of Technological Provision of Large Corporations," European Research Studies Journal, European Research Studies Journal, vol. 0(3B), pages 3-12.
    • Handle: RePEc:ers:journl:v:xx:y:2017:i:3b:p:3-12
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    References listed on IDEAS

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    Cited by:

    1. N.G. Vovchenko & S.S. Galazova & A.A. Sopchenko & O.S. Dzhu, 2019. "FinTech Ecosystem as an Instrument of Sustainable Development Provision," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(Special 2), pages 147-155.
    2. Yu.V. Przhedetskiy & N.V. Przhedetskaya & K.V. Borzenko & V.A. Bondarenko, 2019. "Blockchain Technologies in Healthcare Institutions: Focus on Security and Effective Cooperation with the Government," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(Special 2), pages 92-99.
    3. repec:ers:journl:v:special_issue:y:2018:i:1:p:397-406 is not listed on IDEAS
    4. Nicolas Neysen, 2020. "Blockchain and Smart Contracts in the Recording Industry," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 174-185.
    5. Tolendi Ashimbayev & Sarkyt Tashenova, 2018. "Prospects for Using Cryptocurrency in the Economy of Kazakhstan and the Attitude of the National Bank," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 524-532.
    6. Klarin, Anton, 2020. "The decade-long cryptocurrencies and the blockchain rollercoaster: Mapping the intellectual structure and charting future directions," Research in International Business and Finance, Elsevier, vol. 51(C).
    7. M. Dorofeyev & M. Ksov & V. Ponkratov & A. Masterov & A. Karaev & M. Vasyunina, 2018. "Trends and Prospects for the Development of Blockchain and Cryptocurrencies in the Digital Economy," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 429-445.
    8. repec:ers:journl:v:volumexxi:y:2018:i:issue4:p:524-532 is not listed on IDEAS
    9. M. Dorofeyev & M. Ksov & V. Ponkratov & A. Masterov & A. Karaev & M. Vasyunina, 2018. "Trends and Prospects for the Development of Blockchain and Cryptocurrencies in the Digital Economy," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 429-445.
    10. D.V. Volkov & A.N. Maloletko, 2018. "Reliability of Cryptographic Information on Fiscal Data," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 744-753.
    11. T.V. Shatkovskaya & A.B. Shumilina & G.G. Nebratenko & Ju.I. Isakova & E.Yu. Sapozhnikova, 2018. "Impact of Technological Blockchain Paradigm on the Movement of Intellectual Property in the Digital Space," European Research Studies Journal, European Research Studies Journal, vol. 0(Special1), pages 397-406.
    12. N.G. Vovchenko & O.B. Ivanova & O.V. Andreeva & E.D. Kostoglodova, 2018. "Conceptual Approach to the Development of Financial Technologies in the Context of Digitalization of Economic Processes," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 2), pages 11-20.

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