Uman National University | today: 12/28/2025
| Author(s) | Кравець Є. П., , , | ||
|---|---|---|---|
| Category | Economics | ||
| year | 2025 | issue | Issue 107 part 2 |
| pages | 330-339 | index UDK | 004.738.5:339.172.4:631.1 | DOI | 10.32782/2415-8240-2025-107-2-330-339 (Link) |
| Abstract | The article examines blockchain technology as a key instrument for enhancing transparency and strengthening institutional reliability within the infrastructure of the agricultural commodity exchange market. The purpose of the research is to determine how blockchain can transform existing exchange operations by increasing data integrity, reducing information asymmetry, and improving contract execution mechanisms. The study synthesizes Ukrainian and international scientific approaches to understanding blockchain-based transparency tools, emphasizing their relevance for agricultural markets characterized by complex logistics chains, multi-stage certification procedures, and high risks of data manipulation. The methodological framework combines comparative analysis, systematic review of academic sources, structural-logical modeling, and graphical interpretation of blockchain implementation stages. These methods allow the identification of technological, regulatory, and organizational preconditions for integrating distributed ledger systems into agricultural exchange infrastructure, as well as potential risks and constraints associated with their adoption. The results demonstrate that blockchain provides immutable and verifiable transaction records, supports automated settlement procedures through smart contracts, and ensures full traceability of agricultural products from producer to final buyer. Comparative analysis reveals significant advantages of blockchain-enhanced exchange infrastructure over traditional centralized systems, particularly in terms of transparency of trading operations, operational efficiency, cybersecurity, and reduction of intermediary influence. The paper also outlines key challenges such as insufficient digital readiness of market participants, lack of unified data standards, high implementation costs, and gaps in legal recognition of smart contracts. The study concludes that blockchain can serve as a strategic driver for modernizing Ukraine’s agricultural commodity exchange market, strengthening trust between participants, and improving Ukraine’s competitiveness in global agri-food trade. Further research should focus on developing blockchain-based models for agro-derivatives trading and assessing the readiness of Ukrainian exchanges for full technological transformation. | ||
| Key words | blockchain; distributed ledger; agricultural commodity exchange; market transparency; digitalization of agribusiness; market infrastructure; product traceability; smart contracts; information security; agricultural trading platforms | ||