EDN: BAAKDK
The article identifies opportunities and directions for the use of the Russian digital platform solutions to develop the BRICS Grain Exchange. Based on the analysis of academic literature, the authors describe the features of exchange trade in agricultural products and the dangers of its turning into a platform for hedging price risks and financial speculation (when a balance of supply and demand for physical goods would have no impact on prices). The authors propose to use the Russian B2B platform technologies to ensure a balance of interests of different business forms in the agro-industrial complex, providing an example of the GrainChain digital platform technologies developed for the grain and oilseeds market and a possible technological basis for the BRICS Grain Exchange. The digital trading channel for agribusiness supported by the Russian technology can ensure transparency of interactions between the BRICS countries, since the exchange and platform solutions in B2B trading would increase the number of trade participants in the digital space and speed up the formation of price indices based on a representative sample.
Technological sovereignty, food security, digital platforms, technological innovation, agribusiness, BRICS.
Marina Yu. Sheresheva, DSc (Economics), Head of the Marketing Department and Laboratory for Institutional Analysis, Lomonosov Moscow State University. Leninskie Gory, 1, bldg. 46, Moscow, 119991.
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Artem A. Belyaev, PhD (History), CEO of “Znamensky Trade Company”, Co-founder of “Grain Chain”, Adviser to the President of the Association “Afanasy Nikitin”.
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