Запровадження смарт-контрактів при інвестиціях в інфраструктурні проекти
DOI:
https://doi.org/10.26906/EiR.2026.2(101).4654Ключові слова:
смарт-контракт, блокчейн, інфраструктурні інвестиції, проектне фінансування, токенізація активів, державно-приватне партнерство, цифрова фінансова екосистема, фінансова інфраструктураАнотація
У статті досліджено теоретичні та прикладні аспекти використання смарт-контрактів як інструменту трансформації інвестиційних процесів у сфері інфраструктури. Метою дослідження є обґрунтування можливостей інтеграції смарт-контрактів у фінансові механізми реалізації інфраструктурних проєктів та визначення їх впливу на ефективність управління інвестиційними потоками. Узагальнено підходи до використання блокчейн-технологій у фінансовій інфраструктурі, визначено переваги автоматизації контрактних відносин, підвищення довіри між учасниками та забезпечення контролю за виконанням зобов’язань. Результати дослідження свідчать про потенціал смарт-контрактів як складової цифрових фінансових екосистем, що сприяють підвищенню ефективності реалізації інфраструктурних проєктів.
Посилання
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Patel, R., Migliavacca, M., & Oriani, M. E. (2022). Blockchain in banking and finance: A bibliometric review. Research in International Business and Finance, Article 101718. DOI: https://doi.org/10.1016/j.ribaf.2022.101718 DOI: https://doi.org/10.1016/j.ribaf.2022.101718
Sharma, G. D., Tiwari, A. K., Chopra, R., & Dev, D. (2024). Past, present, and future of block-chain in finance. Journal of Business Research, is. 177, 114640. DOI: https://doi.org/10.1016/j.jbusres.2024.114640 DOI: https://doi.org/10.1016/j.jbusres.2024.114640
Ren, Y., Ma, C., Chen, X., Lei, Y., & Wang, Y. (2023). Sustainable finance and blockchain: A systematic review and research agenda. Research in International Business and Finance, is. 64, 101871. DOI: https://doi.org/10.1016/j.ribaf.2022.101871 DOI: https://doi.org/10.1016/j.ribaf.2022.101871
Chung, K. H. Y., Li, D., & Adriaens, P. (2023). Technology-enabled financing of sustainable infrastructure: A case for blockchains and decentralized oracle networks. Technological Forecasting and Social Change, is. 187, 122258. DOI: https://doi.org/10.1016/j.techfore.2022.122258 DOI: https://doi.org/10.1016/j.techfore.2022.122258
Chen, Y., & Volz, U. (2022). Scaling up sustainable investment through blockchain-based project bonds. Development Policy Review, is. 40(3), e12582. DOI: https://doi.org/10.1111/dpr.12582 DOI: https://doi.org/10.1111/dpr.12582
Zhang, Y., Gong, B., & Zhou, P. (2024). Centralized use of decentralized technology: Tokenization of currencies and assets. Structural Change and Economic Dynamics, is. 71, pp. 15–25. DOI: https://doi.org/10.1016/j.strueco.2024.06.006 DOI: https://doi.org/10.1016/j.strueco.2024.06.006
Lambert, T., Liebau, D., & Roosenboom, P. (2022). Security token offerings. Small Business Economics, is. 59(1), pp. 299-325. DOI: https://doi.org/10.1007/s11187-021-00539-9 DOI: https://doi.org/10.1007/s11187-021-00539-9
Bongini, P., Osborne, F., Pedrazzoli, A., & Rossolini, M. (2022). A topic modelling analysis of white papers in security token offerings: Which topic matters for funding? Technological Forecasting and Social Change, is. 184, 122005. DOI: https://doi.org/10.1016/j.techfore.2022.122005 DOI: https://doi.org/10.1016/j.techfore.2022.122005
Swinkels, L. (2023). Empirical evidence on the ownership and liquidity of real estate tokens. Financial Innovation, is. 9, 45. DOI: https://doi.org/10.1186/s40854-022-00427-5 DOI: https://doi.org/10.1186/s40854-022-00427-5
Tanveer, U., Ishaq, S., & Hoang, T. G. (2025). Tokenized assets in a decentralized economy: Balancing efficiency, value, and risks. International Journal of Production Economics, is. 282, 109554. DOI: https://doi.org/10.1016/j.ijpe.2025.109554 DOI: https://doi.org/10.1016/j.ijpe.2025.109554
Taherdoost, H. (2023). Smart Contracts in Blockchain Technology: A Critical Review. Information, is. 14(2), 117. DOI: https://doi.org/10.3390/info14020117 DOI: https://doi.org/10.3390/info14050295
Wu, L., Lu, W., & Xu, J. (2022). Blockchain-based smart contract for smart payment in construction: A focus on the payment freezing and disbursement cycle. Frontiers of Engineering Management, is. 9, pp. 177-195. DOI: https://doi.org/10.1007/s42524-021-0184-y DOI: https://doi.org/10.1007/s42524-021-0184-y
Hamledari, H., & Fischer, M. (2021). Construction payment automation using blockchain-enabled smart contracts and robotic reality capture technologies. Automation in Construction, is. 132, 103926. DOI: https://doi.org/10.1016/j.autcon.2021.103926 DOI: https://doi.org/10.1016/j.autcon.2021.103926
Kamel, M. A., Bakhoum, E. S., & Marzouk, M. M. (2023). A framework for smart construction contracts using BIM and blockchain. Scientific Reports, is. 13, 10217. DOI: https://doi.org/10.1038/s41598-023-37353-0 DOI: https://doi.org/10.1038/s41598-023-37353-0
Tafuro, A., Dammacco, G., & Costa, A. (2023). A Conceptual Study on the Role of Blockchain in Sustainable Development of Public–Private Partnership. Administrative Sciences, is. 13(8), 175. DOI: https://doi.org/10.3390/admsci13080175 DOI: https://doi.org/10.3390/admsci13080175
Eze, E. C., & Ameyaw, E. E. (2025). Potential application areas and benefits of blockchain-enabled smart contracts adoption in infrastructure Public-private partnership (PPP) projects. Sustainable Futures, is. 9, 100477. DOI: https://doi.org/10.1016/j.sftr.2025.100477 DOI: https://doi.org/10.1016/j.sftr.2025.100477
Du, Y., Yuan, J., Wang, S., Liu, Y., & Zeng, N. (2025). Leveraging blockchain to anchor information for supervision in PPP projects: A conceptual framework. Engineering, Construction and Architectural Management, is. 32(4), pp. 2745–2770. DOI: https://doi.org/10.1108/ECAM-07-2023-0758 DOI: https://doi.org/10.1108/ECAM-07-2023-0758
Agapiou, A. (2023). Overcoming the Legal Barriers to the Implementation of Smart Contracts in the Construction Industry: The Emergence of a Practice and Research Agenda. Buildings, is. 13(3), 594. DOI: https://doi.org/10.3390/buildings13030594 DOI: https://doi.org/10.3390/buildings13030594
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