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Implementation of smart contracts in international business activities

Oleg Klym & Tetiana Melnyk

Management: Journal of Contemporary Management Issues2025https://doi.org/10.30924/mjcmi.30.2.5article
AJG 1ABDC C
Weight
0.50

What the paper says

The complexity of business operations in the global economy is rising, necessitating new approaches to contractual relationship management. This article explores the potential of smart contracts as a transformative tool for international business. By utilizing blockchain technology, smart contracts can automate agreements, reduce transaction costs, and enhance security and efficiency. Initially developed on the Ethereum network, smart contracts have since evolved with the introduction of new blockchain platforms. This paper examines the theoretical background of smart contracts, their practical applications in international business activities, and their impact on economic efficiency. Despite high costs of development, insufficient legal frameworks, and trust-related concerns, the findings suggest that smart contracts hold great potential to optimize international economic activities by increasing transparency, reducing risks, and facilitating decentralized governance.

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https://doi.org/https://doi.org/10.30924/mjcmi.30.2.5

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@article{oleg2025,
  title        = {{Implementation of smart contracts in international business activities}},
  author       = {Oleg Klym & Tetiana Melnyk},
  journal      = {Management: Journal of Contemporary Management Issues},
  year         = {2025},
  doi          = {https://doi.org/https://doi.org/10.30924/mjcmi.30.2.5},
}

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Implementation of smart contracts in international business activities

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Evidence weight

0.50

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.50 × 0.4 = 0.20
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.