Digital Economy: Distributed Project Financing Systems

DOI

10.2991/aebmr.k.200502.203How to use a DOI?

Keywords

project finance, digital economy, digital technology, distributed financing

Abstract

In modern conditions of the formation and transition to the next technological method of production, the increasingly active use of digital technologies in most industries and sectors of the economy, the study of issues related to digital systems in the field of project financing is becoming increasingly relevant. Distributed project financing systems due to the prevalence and effectiveness of digital technologies makes it possible to raise additional funds including innovative and venture projects, which in recent decades have become the “locomotives” of the development of the economy as a whole. The article presents the theoretical and methodological foundations of the analysis of distributed project financing systems, digital technologies, their use in distributed project financing in the context of the formation and development of the digital economy in Russia and abroad. The analysis of economic and institutional support of the processes of distributed financing of projects, various digital systems in the field of project financing, experience in the formation of the production and technological base of functioning of distributed financing systems for projects based on digital technologies on the example of such countries as the USA, China, Great Britain and Belarus, which allowed us to propose a scheme for the formation of the production and technological base for the functioning of distributed financial systems projects on the basis of digital technologies in Russia, which will make it possible to switch from an import-dependent role in the global software and hardware markets related to distributed project financing systems to the export-oriented positioning of domestic companies and the high capitalization of the IT technology market. It is proposed to use and adapt the Chinese experience in the formation of the production and technological base for the functioning of distributed project financing systems based on digital technologies, taking into account Russian specifics. In addition it was proposed to use the technology of spatial access to the Internet, big data technology and distributed registry technology for the functioning of distributed project financing systems based on digital technologies. Based on the analysis of practical results on the implementation of digital systems in distributed project financing in a number of leading foreign countries, an author’s classification of digital systems in the field of project financing was developed with three classification criteria: technological, institutional and economic. Recommendations are formulated on the use of the following sequence of digital technologies in the field of project finance: a national model of the technological basis for distributed project financing - an adapted institutional form of using digital technologies in project finance - an effective type of economic implementation of digital technologies in project finance.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - S.E. Belyaev
PY  - 2020
DA  - 2020/05/05
TI  - Digital Economy: Distributed Project Financing Systems
BT  - Proceedings of the 2nd International Scientific and Practical Conference “Modern Management Trends and the Digital Economy: from Regional Development to Global Economic Growth” (MTDE 2020)
PB  - Atlantis Press
SP  - 1224
EP  - 1230
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200502.203
DO  - 10.2991/aebmr.k.200502.203
ID  - Belyaev2020
ER  -