Prospects of Application of Smart Contracts Based on Blockchain Technology for Public Procurement in the Nuclear Power Industry of the Russian Federation

This scientific and analytical paper examines and analyzes the existing and promising solutions for the effective use of smart contracts tool based on blockchain technology for public procurement in the nuclear energy sector of the Russian Federation. The scientific and analytical aspects of this paper consider legal, economic, managerial and technical aspects of the potential implementation of smart contracts in the process of public procurement in the State Corporation «Rosatom» and its subordinate bodies. Additionally, practical algorithmic examples of smart contracts that may be implemented in specific electronic contracts of public procurement are brought into the spotlight. The authors of the article provide practical recommendations for improving approaches to the procurement of goods, works or services using blockchain. The main expected consequence of the publication is the optimization of the basic approaches of the State Corporation «Rosatom» as well as the legislative body to the practice of organizing and conducting the procurement of goods, works or services through the implementation of blockchain technology.