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Blockchain solutions for corporate governance: Russian experience

Blockchain technology allows to consider corporate governance problems in a new way. The known advantages of blockchain technology, such as decentralization, transparency and constancy of transactions, can significantly improve the reliability and efficiency of traditional corporate procedures in the field of register keeping, voting at General meetings, corporate control and audit. The authors come to the conclusion that the registrars system in Russia contradicts the idea of blockchain. Nevertheless, blockchain platforms can be successfully applied to arrange the voting of shareholders, but the greatest advantages they have in the sphere of introducing a public blockchain, not a private one. Private blockchain is more appropriate for arranging of corporate control and audit.

L.V. Sannikova, Chief researcher of the Institute of state and law of the Russian Academy of Sciences, Doctor of law, Professor, Professor of RAS
J.S. Kharitonova,  Professor of the Department of business law Faculty of law, Lomonosov Moscow State University, Doctor of law, Professor

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