https://doi.org/10.25198/2077-7175-2020-6-61
THE CONCEPT OF AN ELECTRONIC TRADING PLATFORM FOR MANAGING THE SUSTAINABLE DEVELOPMENT OF WOOL PROCESSING
I. E. Mizikovsky1, D. V. Lidzhi-Goryaev2
National research Lobachevsky State University of Nizhny Novgorod, Nizhny Novgorod, Russia
1e-mail: core090913@gmail.com
2e-mail: denis847y@gmail.com
Abstract. The relevance of the research is that in Russia there is a problem of underdevelopment of the system of purchasing wool and its processed products at all levels of the value chain. The purpose of the research is to develop a concept for creating a specialized electronic trading platform that allows organizing inter-industry interaction in the field of wool processing based on the principles of auction trade, excluding unnecessary intermediary links. The paper proposes the creation of a specialized electronic trading platform (exchange), specializing in the purchase and sale of wool and its products by analogy with the world’s leading (Australian, New Zealand and Chinese-countries that are world leaders in the production and processing of wool) wool exchanges. The differences between the author’s recommendations and those that are known and tested in the world practice are that the key participant of the exchange is the state national wool certification body, which creates the main condition for exchange trading — high-quality classification and batch standardization of wool. An electronic exchange that includes trading, settlement (guarantee) and payment systems must be an official trading platform licensed by the state as a professional Institute of the financial market; its main task is to facilitate market transactions between buyers and sellers of wool by overcoming information asymmetry for the parties to transactions. The difference between the proposed concept is that digital technologies and tools are used in exchange trading of wool: QR-coding of wool batches, the use of smart contracts, distributed registries (blockchain). The novelty of the research lies in the fact that for the first time in the Russian market, the concept of organizing electronic exchange trade in wool using innovative digital technologies and tools (QR-coding, smart contracts, blockchain), where, along with buyers-processors of wool and sellers — producers of wool, there is a mandatory participant — the state national certification body, which organizes the certification process of exchange batches of wool. In practical terms, the author’s proposals allow us to: streamline the domestic wool market; organize certified wool trade both in accordance with the best world practices and in accordance with modern trends in digital technologies; digitalize the relationship between sellers and buyers in the wool market, eliminating intermediary links.
Key words: sustainable development, wool processing, light industry, innovation, e-commerce, procurement, digital economy.
Cite as: Mizikovsky, I. E., Lidzhi-Goryaev, D. V. (2020) [The concept of an electronic trading platform for managing the sustainable development of wool processing]. Intellekt. Innovatsii. Investitsii [Intellect. Innovations. Investments]. Vol. 6, рр. 61–68. DOI: 10.25198/2077-7175-2020-6-61.
