Methods and Means of Legal Regulation of Relations in Entrepreneurship: Novels of Digitalization

Olga Sushkova

2021

Abstract

The use of blockchain technology is often used in business and professional activities because of the decentralization of user data and consensus building through a public network of participants to ensure the accuracy of information. It is important to evaluate the fundamental characteristics of such a technology: transparency, security, decentralization and immutability of transactions. Businesses around the world are experimenting with the scalability of blockchain technology, so it is necessary to legally qualify the technology for systemic application and establish common standards and rules, technical capabilities, asset digitization, and the application of a self-regulatory mechanism. Foreign scientists Kumar V., Ramachandran D., Kumar B. suggest that blockchain technology must pass three tests: a test of decentralization (i.e., political, architectural, commercial and contractual), a test of cryptoassets, and a test of a business model. Cloud computing has undergone significant changes, but the standards and interoperability issues of this platform are now becoming apparent. Scientists Kathuria A., Mann A., Khuntia J., Saldanha T.J., Kauffman R.J. believe that cloud computing can be based on technological capabilities, cloud service portfolio capabilities (cloud service offerings, market offerings) or cloud integration capabilities (legacy synchronization and consistency) to influence profits, competitiveness and commercial turnover of business entities. Data analytics is transforming business operations, but business and professional actors need to solve managerial and technological challenges to benefit from large datasets. Incompatible IT infrastructure and data architecture can impede the ability to store, analyze and retrieve effective information from datasets that include structured, semi-structured, and unstructured data.

Paper Citation

in Harvard Style

Sushkova O. (2021). Methods and Means of Legal Regulation of Relations in Entrepreneurship: Novels of Digitalization. In Proceedings of the 1st International Scientific Forum on Jurisprudence - Volume 1: WFLAW, ISBN 978-989-758-598-2, pages 83-88. DOI: 10.5220/0010662300003224

in Bibtex Style

@conference{wflaw21,
author={Olga Sushkova},
title={Methods and Means of Legal Regulation of Relations in Entrepreneurship: Novels of Digitalization},
booktitle={Proceedings of the 1st International Scientific Forum on Jurisprudence - Volume 1: WFLAW,},
year={2021},
pages={83-88},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0010662300003224},
isbn={978-989-758-598-2},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 1st International Scientific Forum on Jurisprudence - Volume 1: WFLAW,
TI - Methods and Means of Legal Regulation of Relations in Entrepreneurship: Novels of Digitalization
SN - 978-989-758-598-2
AU - Sushkova O.
PY - 2021
SP - 83
EP - 88
DO - 10.5220/0010662300003224