Utilizing blockchain for sustainable development of international supply chains amid economic challenges
DOI:
https://doi.org/10.20397/2177-6652/2023.v23i4.2717Palavras-chave:
Blockchain, Transnational Payment Systems, Import Substitution, International Supply Chains, Sustainability of Economic DevelopmentResumo
The work aims to develop and test methodological approaches to the study of the prospects for macroeconomic growth of the national economy of the Russian Federation within the framework of integration into the system of export-import operations of blockchain technologies, which can significantly contribute to the development of the global system of international payments, and stimulate international trade under economic sanctions. The study is based on a descriptive express analysis of the processes under study, as well as mechanisms for constructing a system of recursive equations that make it possible to determine the impact of the growth rates of cross-border cash flows on the dynamics of gross domestic product. Based on the developed model, it is established that a 1% reduction in the volume of transnational cash flows creates the potential for a 0.45% reduction in the gross domestic product of the Russian Federation. It is proved that localization of these risks can be provided based on the introduction of blockchain technologies into the system of cross-border payments of the Russian Federation, forming a new basis for the cash flows in the conditions of emerging systemic transformations in the external environment. The estimates obtained not only indicate the prospects for the use of blockchain in the implementation of transnational payments but also determine the potential for their use in localizing the risks of increasing sanctions pressure, expressed, in particular, in restricting access to international clearing services, payment systems (SWIFT, etc.). The scope of the results is the development of adaptive mechanisms to stimulate transnational supply chains in the context of systemic transformations.
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