Entrepreneurship and Risks: Block Chain-Based Management
Nataliia Smentyna1, Valerii Nemchenko2, Larysa Ivanchenkova3, Nataliia Klievtsievych4, Vasyl Buhas5, Vitalii Minakov6
1NataliiaSmentyna, Department of Economics, Law and Business Management, Odessa National Economic University, Odessa, Ukraine.
2ValeriiNemchenko, Department of Accounting and Audit, Odessa National Academy of Food Technologies, Odessa, Ukraine.
3LarysaIvanchenkova, Department of Accounting and Audit, Odessa National Academy of Food Technologies, Odessa, Ukraine.
4NataliiaKlievtsievych, Department of Economics, Law and Business Management, Odessa National University of Economics, Odessa, Ukraine.
5VasylBuhas, Department of Management, Kyiv National University of Technologies and Design, Kyiv, Ukraine.
6VitaliiMinakov, Department of Mechanical Engineering, The Odessa State Academy of Building and Architecture, Odessa, Ukraine.
Manuscript received on 02 June 2019 | Revised Manuscript received on 10 June 2019 | Manuscript published on 30 June 2019 | PP: 3176-3179 | Volume-8 Issue-8, June 2019 | Retrieval Number: H7325068819/19©BEIESP
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: As the Blockchain technology evolves and more and more new projects with its use are being prepared for commissioning, it seems necessary to focus on less-discussed issues. Do Blockchain-based business models generate new types of risks for entrepreneurship and the industry as a whole? If so, what should be done to prevent and mitigate these risks? In the article, the authors investigate the applicability of Blockchain technology, except for the Bitcoin and Ethereum, mainly through the lens of business risk management. In particular, the authors propose to introduce smart contracts into the activity and consider the action using the example of trade finance.
Keyword: Bitcoin, Blockchain technology, Risk management, Smart contract.
Scope of the Article: Data Base Management System.