Uman National University | today: 06/19/2025
| Author(s) | Олійник О. М., , , | ||
|---|---|---|---|
| Category | Economics | ||
| year | 2025 | issue | Випуск 106 Частина 2 |
| pages | 56-64 | index UDK | 005.591.6:658.7/.8]:[347.440:664] | DOI | 10.32782/2415-8240-2025-106-2-56-64 (Link) |
| Abstract | The study examines the problems of traditional supply chains in the food industry, in particular their low transparency, complexity of product traceability, fraud risks and bureaucratic delays. The possibilities of implementing blockchain-based smart contracts are presented, which provide process automation, data reliability, acceleration of financial transactions and improved product quality control. The idea of the role of blockchain technologies in the modern food industry is expanded by analyzing their impact on supply chain participants, including manufacturers, suppliers, retailers, consumers and regulatory authorities. A comprehensive analysis of the international experience of using smart contracts in leading companies Walmart, IBM Food Trust and VeChain is provided, confirming their effectiveness in increasing security, reducing costs and simplifying audits. The key factors influencing the transparency and reliability of supply chains are analyzed, including document workflow automation, transaction speed, data availability, financial transparency, and regulatory oversight. The results obtained indicate that the integration of smart contracts into the food industry contributes to reducing operational risks, improving supply management, and increasing the level of trust between market participants. Conclusions are drawn about the need for state support, adapting the regulatory framework, and implementing educational initiatives for the effective implementation of the technology. Recommendations are proposed for the development of a national blockchain platform, supporting the digital transformation of business, and integrating Ukraine into global supply chains, which will create the prerequisites for the long-term stability and competitiveness of the industry. A promising direction for further research will be the assessment of the economic efficiency of implementing blockchain solutions in the food industry and their impact on the sustainability of supply chains in the face of global challenges. | ||
| Key words | state regulation, transparency, supply chains, blockchain, Smart contracts | ||