THE ECONOMIC ADVANTAGES OF BLOCKCHAIN TECHNOLOGY IN E-PROCUREMENT

This article aims to review economic advantages of the one of the most modern cutting edge technologies, namely blockchain for eProcurement. As eProcurement (including its part – Supply chain) is a concept consisting of plenty of different processes, therefore specific advantages per such major different processes are explained. Assumptions and pre-conditions of Blockchain application are explained. Article‘s main conclusion is that due to the main characteristics of Blockchain technology (safety, transparency, reliability, speed and cost efficiency) payment settlement and products‘ shipping tracking/inventory management are  eProcurement‘s phases that could benefit from this technology the most, among others (such as analysis – requirements‘ gathering, sourcing/vendors‘ selection and contract management cycle).KEYWORDS:  Blockchain, eProcurement, Supply chain, Technology application.JEL CODES: O31, O32DOI: http://dx.doi.org/10.15181/rfds.v31i2.209

Main Features and Considerations of Blockchain Technology Implementation in E-Procurement

This article aims to review main features and considerations of the one of the most modern cutting edge technologies‘ implementation, namely blockchain in eProcurement. First of all article describes technological background of Blockchain technology nature. Secondly assumptions and pre-conditions of Blockchain application are explained. Thirdly main process and project management methodologies of Blockchain implementation are delivered and separate steps revised. Last but not least as eProcurement (including its part – Supply chain) is a concept consisting of plenty of different processes, therefore for better technology understanding specific advantages per such major different processes are also explained

Energy sector impact on country’s economic security: Baltic sea region EU countries’ case

The article object is to is a relatively new research direction in economic theory - economic security at the macro-level. One of the aims of this article is to reveal the country’s economic security idea and to choose methods for this economic phenomenon evaluation as well as to suggest the method to evaluate the energy sector's impact on this economic phenomenon. Firstly, the authors review different approaches to economic security principles and do some assumptions related to the country's economic security concept. There is shortly described the energy sector. Since the scientific problem is how to evaluate the energy sector and the country's security and what impact the energy sector has on the country's economic security, the authors have selected methods to analyze the links between energy sector activities and economic security. Furthermore, there were presented the results of regression analyzes and concluded what energy sector indicators influence countries' economic security

Blockhain impact on economic security

The aimof this paper is to review impact of the one of the most modern cutting edge technologies‘, namely Blockchain on Economic Security. First of all article describes concept - technological background of Blockchain technology nature, emphasizing main features that have most significant and even disruptive impact on separate industries and even whole Economy including Economic Security. Secondly contemporary challenges of this technology are provided. Thirdly multifaced concept of Economic security is explained, followed by importance of this phenomenon specifically within modern mega trends such as Globalization and Information Society. Blockhain impact has been researched through three main industries/functions – eCommerce, Payments and Logistics. Finally conclusions of the paper suggest to use Blockhain with another Industry 4.0 technologies (such as Big Data and Internet of Thing) to reach maximum possible synergy