• Ekaterina Grigoreva
  • Liliya Garifova
  • Elvira Polovkina



Abstract. The rapid growth in the number of blockchain-based startups proves that this technology is in
demand in the modern world; completely different sectors of the economy are influenced by blockchain technologies or are ready to accept it today. Through the blockchain, databases can be created in the form of a registry to form a digital image of an asset (real estate, intellectual property, security, etc.) and a digital trace upon the fact of completion of transactions. First of all, there are opportunities in terms of storage, transfer and change of ownership rights on digital assets. It is already becoming obvious that the introduction of blockchain-based technologies in state administration will significantly reduce both financial and time costs for the implementation of state functions or the provision of services
to citizens and businesses. At the same time, it is possible to minimize risks (fraud, cyber-attacks), significantly increase asset control and ensure confidentiality. The paper shows that most financial companies are ready and willing to use blockchain technology. At the moment, Russia is a few steps behind all of its direct competitors on the world stage. The transition to digital platform technology needed to be initiated several years ago, but so far it is only in the discussion stage.
Keywords: blockchain, cryptocurrency, technology, startup, digital asset.


L.F. Garifova, E.A. Grigoreva A businessman's modern assistant // Trends and Issues in Interdisciplinary Behavior

and Social Science/ Edited by Ford Lumban Gaol, Fonny Hutagalung, Chew Fong Peng, Zulkifli Md Isa and A.R.

Rushdan Taylor & Francis Group, 6000 Broken Sound Parkway NW, Suite 300, Boca Raton, FL 33487-2742 / CRC

Press, pp. 55–59, 2017.

Evtushenko A., Polyakov E. // In chain order to Russia. [Digital source]. 02/01/2016. Access mode: (access date 04/20/2016).

S. Huckle, R. Bhattacharya, M. White, N. Beloff. Internet of Things, Blockchain and Shared Economy Applications/

Procedia Computer Science 98, pp. 461- 466, 2016.

Eris Industries, “Explainer. Smart Contracts” Eris Industries Documentation [Online]. 2016. Available:

. Blockchain Technology Market (Type – Public Blockchain, Private Blockchain, and Consortium Blockchain;

Application – Financial Services and Non-financial Sector) – Global Industry Analysis, Size, Share, Growth, Trends,

and Forecast 2016 – 2024, [Online]. Available:

5 things we learned from analyzing the location of 950 blockchain startups [Online]. 2018. Available:

13 blockchain startups to watch in 2017 [Online]. Available:


IBM Announces Major Blockchain Collaboration with Dole, Driscoll’s, Golden State Foods, Kroger, McCormick

and Company, McLane Company, Nestlé, Tyson Foods, Unilever and Walmart to Address Food Safety Worldwide

[Online]. Available:

Blockchain technology usage opportunities among financial institutions worldwide in 2017 [Online]. Available:

P.A. Levchayev, Blockchain Technologies and Virtualization of Business Processes as the Basis for the Digital

Society patterns of life and thought / InnoCentre Electronic Scientific Practical Journal, Issue No. 2 (19) July 2018

D. Efanov, P. Roschin, The All-Pervasiveness of the Blockchain Technology/ Procedia Computer Science/ Volume

, pp. 116-121, 2018.

A. Savelyev. Copyright in the blockchain era: Promises and challenges/ Computer Law & Security Review/ Volume

, Issue 3, pp.550-561, June 2018.

Grigoreva E.A., Garifova L.F. The economic security of the state: the institutional aspect / E. A. Grigoreva, L. F.

Garifova // Procedia Economics and Finance. 2015. Volume 24. pp. 266–273.