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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DOI: 10.22394/2500-1809-2024-9-4-257-279
The article outlines directions for the development of digital platforms for the Russian agro-industrial complex. Based on scientific data and research, the authors explain advantages and problems of platform solutions for agribusiness and possibilities to balance interests of producers of different sizes, including farmers and other small and medium-sized enterprises involved in agricultural value chains. The article presents a case of the GrainChain digital platform that allows actors in the grain and oilseeds market to find partners for mutually beneficial transactions, optimize procurement decisions, reduce inventory and overhead costs, receive real-time analytics and use other related services, including financial solutions, which ultimately reduces risks and increases cash flow. The authors conclude about the prospects of such platform solutions not only at the national level but also for international cooperation, in particular for the interaction of various groups whose interests are related to the BRICS agricultural production sector.
Digital platforms, technological sovereignty, technological innovation, agriculture, agribusiness, stakeholder networking.
Marina Yu. Sheresheva, DSc (Economics), Professor, Department of Applied Institutional Economics, Head of the Laboratory for Institutional Analysis, Lomonosov Moscow State University. Leninskie Gory 1–46, Moscow, 119991, Russia.
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Artem A. Belyaev, PhD (History), CEO, We Grow; Co-founder, GrainChain; Adviser to the President, Association “Afanasy Nikitin”.
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