Application of Blockchain Technology and Cryptography Methods to Ensure Economic Security in the Transportation of Crude Oil

Authors

Anatoly Makarov
Pyatigorsk State University, Pyatigorsk, Russia
Elena Pisarenko
Pyatigorsk State University, Pyatigorsk, Russia
Gennady Vorobyev
Pyatigorsk State University, Pyatigorsk, Russia

Synopsis

A large number of parties that, generally speaking, have different goals, can participate in the processes of production, loading and transportation of crude oil by tankers. This can lead to conflict situations, misunderstanding, disputes and disagreement in assessing the quantity and quality of transported oil, which threatens the economic security of the processes.

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Published
April 12, 2020