| Popis: |
Purpose: The purpose of the research is to study the feasibility and possibilities of using distributed ledger technology in credit cooperation. Design/methodology/approach: The research methodology is based on traditional cooperative principles: mutual assistance, solidarity, transparency, trust, democratic management of the cooperative. This study aims to strengthen and comply with these principles as ensuring the identity of credit cooperation in the financial market. In the work, methods of forecasting and SWOT analysis are applied. Results: The feasibility of using distributed ledger technology in the practice of credit cooperation is determined by the following. It is necessary to innovate cooperative services and strengthen the specific inherent features of cooperation, which are expressed in the basic cooperative principles. The most effective innovation for credit cooperation may be the technology of distributed registries (blockchain). The use of distributed ledger technology in credit cooperation will provide the following opportunities. Multilevel distributed control of cooperative members will be strengthened. Members of a credit cooperative will have the opportunity to control the integrity of the chains and the formation of new links. For the market regulator and self-regulatory organizations, access to the registry is open for regulated supervision and monitoring activities. To assess the possibility of using the technology of distributed registries from the point of view of the state of the external and internal environment, the SWOT analysis method was applied, which confirmed the possibility and necessity of using distributed registries. Conclusions: According to the authors, the use of distributed ledger technology in credit cooperation is advisable. The technology is able to enhance competitive advantages based on cooperative principles. The blockchain will provide a more perfect exchange of information between shareholders about the formation and use of a common cooperative fund. The technology can increase the transparency and controllability of operations, avoiding external mediation. A distributed registry in credit cooperation can be the best practical solution to strengthen the community of members, enhance transparency of activities, and increase the efficiency of the use of funds in the common interests of members. |
