Issue of crypto currency as a means of achieving scientific and technological progress


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Abstract

The distribution of federal budget funds for 2021-2023 years shows a tendency to reduce the cost of maintaining high-tech innovative research. The problem of attracting funds to innovative activities is becoming one of the main areas of activity. The subject of the study is the system of financing, including through investment mechanisms, research and development activities in the conduct of high-tech research, design developments. The purpose of the study is to develop a methodology for financing research and development activities through the institution of ICO projects. The following methods are used: empirical methods of comparison, description, interpretation; theoretical methods of formal and dialectical logic; private-scientific methods: legal-dogmatic and method of interpretation of legal norms. The analysis of the existing system of financing high-tech research and design development is carried out, and the main problems of the existing system of implementing state space programs are highlighted. The features of the issue of crypto currency through ICO projects for the implementation of scientific research are disclosed. This study proposes a model for the development of economic relations between the private sector involved in the implementation of domestic scientific research and the customer, represented by the Government of the Russian Federation. The presented model of interaction of participants of the domestic market of space technologies is aimed at creating favorable conditions for the development of domestic cosmonautics, conducting research and development activities. The proposed model of issuing crypto currency through ICO projects for the implementation of scientific research will increase the funding of domestic research and development activities. The stabilization of investment processes that contribute to long-term planning of investment returns will allow large financial flows of private investors to be poured into scientific and technical research. As a result, a planned increase in investment activity is expected, which allows launching innovative projects on a federal scale without attracting budget funds.

About the authors

Viktor N. Terent'ev

Volga State University of Technology

Author for correspondence.
Email: vico-n-t@yandex.ru
ORCID iD: 0000-0001-7160-8898

Candidate for a degree of Candidate of Economic Sciences at the Department of Economic Security

Russian Federation, 3, Lenin Square, Yoshkar-Ola

Konstantin G. Petrov

Samara National Research University

Email: kostyapetrov92@mail.ru

postgraduate student

Russian Federation, 34, Moskovskoye shosse, Samara

References

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