Smart contracts for multi-agent interaction of regional innovation subjects

Abstract

The main obstacle to effective interaction between innovation agents is high innovation transaction costs. The development of innovation requires the continuous interaction of participants at all stages of the innovation process, from idea to commercialization. The article discusses the creation of a safe and reliable way to support such interaction in regional innovation systems based on blockchain technology and smart contracts. This approach is recommended to exclude unfair and fraudulent actions on the part of participants. Another feature is the transfer of third-party functions to a smart contract to ensure safe communication. The smart contract will allow, on the one hand, to realize trustful and reliable relationships between the project participants themselves, and, on the other hand, between participants and stakeholders. The article discusses the possibilities of the Ethereum blockchain platform, with the help of which the main components of a smart contract were synthesized for concluding contracts for creating and introducing innovations, transferring intellectual property rights, using licenses, etc. The basis of the smart contract is a distributed registry of transactions and a database with descriptions of innovative objects.