Comprehensive Assessment of the Effectiveness of the Implementation of Blockchain Solutions in Agribusiness Under the Condition of Systemic Risk

Анотація

The article provides a comprehensive assessment of the implementation of effective blockchain solutions in agribusiness in the face of systemic risks.These risks increase the uncertainty of agricultural companies' activities in the context of technological, institutional, economic, organizational, and cyber challenges.Purpose.The study aims to categorize the risks associated with implementing blockchain technologies in agribusiness and develop a model for assessing the effectiveness of using blockchain solutions to mitigate external challenges in agricultural company operations.Results.The study substantiates that using Blockchain in agribusiness increases supply chain transparency, product traceability, and reduces transaction costs and information asymmetry.It also strengthens trust between producers, financial institutions, and international partners.The study proves that the effectiveness of implementing blockchain solutions significantly depends on the level of systemic risk, formed by a set of restrictions under conditions of military instability and the transformation of the regulatory environment.A comparative analysis of Ukrainian agricultural companies' activities in the prewar and war periods was conducted.This analysis revealed a consistent correlation between the intensity of their Blockchain solution implementation in the dynamic cycle of systemic risk and maintaining a stable income level and quality of corporate governance.Conclusions.The study proposes a model for assessing the effectiveness of implementing blockchain solutions in agribusiness under the influence of systemic risk.This model is based on a combination of risk-oriented, network, and econometric approaches.The study defines an integral index of the effectiveness of implementing blockchain solutions in agribusiness in relation to systemic risk (EBC).Within the model, the quantitative characteristics of the coefficient of elasticity of blockchain solutions to systemic risk (IRs) are interpreted, which allows for an assessment of the effective sensitivity of digital innovation functions in the agricultural sector to changes in the regulatory environment.The study proves that agricultural companies with higher levels of corporate governance, financial stability, and developed Environmental, Social, and Governance (ESG) practices and access to external resources are characterized by lower elasticity of blockchain solutions to systemic risks.However, these companies have a high degree of investment support in the market.

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