Blockchain technologies as a means of sale of lease right on the agricultural lands

Authors

  • Lesia Buiak West Ukrainian National University
  • Kateryna Pryshliak West Ukrainian National University
  • Lilia Buiak West Ukrainian National University

DOI:

https://doi.org/10.35774/visnyk2022.04.145

Keywords:

agricultural land, land auction, electronic bidding, digital technologies, Blockchain technologies.

Abstract

Introduction. A prerequisite for the market circulation of agricultural land is the formation of the appropriate infrastructure, an important component of which is land auctions, which have a thousand-year history and are widely used in many countries of the world.

The purpose of the article. The purpose of the article is to improve the process of conducting land auctions regarding the sale of lease rights on agricultural land by the procedure of introducing electronic auctions using blockchain technology.

Methods. Methods of scientific knowledge, method of analogies, methods of analysis and synthesis, method of system analysis, economic and statistical methods were used to reveal the set goal.

Results. The institutional content of the market infrastructure for ensuring the circulation of agricultural land has been improved through the implementation of proposals for the implementation of purchase and sale transactions and land lease rights in the form of an electronic auction, which, unlike the existing one, is complemented by the procedure for introducing electronic auctions using blockchain technology, which allows to increase the speed of transactions, reduce costs and prevent corruption.

Perspectives. Further research will be aimed at the introduction of electronic trading using blockchain technology, which allows to increase the speed of transactions, reduce costs and prevent corruption.

Author Biographies

  • Lesia Buiak, West Ukrainian National University

    D.Sc. (Economics), Professor, Head of economic cybernetics and informatics department

  • Kateryna Pryshliak, West Ukrainian National University
    PhD, SeniorLecturer at the Department of economic cybernetics and informatics
  • Lilia Buiak, West Ukrainian National University
    PhD at the Department of economic cybernetics and informatics

References

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Published

2023-01-14

How to Cite

Buiak, Lesia, et al. “Blockchain Technologies As a Means of Sale of Lease Right on the Agricultural Lands”. Herald of Economics, no. 4, Jan. 2023, pp. 145– 158, https://doi.org/10.35774/visnyk2022.04.145.

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