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ИД «Финансы и кредит»






Finance and Credit

Formation of a financial management system in the development industry based on digital financial technologies

Vol. 30, Iss. 6, JUNE 2024

Received: 23 November 2023

Received in revised form: 18 January 2024

Accepted: 1 February 2024

Available online: 28 June 2024


JEL Classification: G17, G31, L74

Pages: 1290-1309


Elena A. RAZUMOVSKAYA Ural Federal University named after the first President of Russia B.N. Yeltsin, Yekaterinburg, Russian Federation


Aleksandr L. NEVMERZHITSKII Ural Federal University named after the first President of Russia B.N. Yeltsin, Yekaterinburg, Russian Federation

ORCID id: not available

Subject. The article considers the financial management system in the context of the use of digital financial technologies.
Objectives. The main goal of the study is to create new financial management tools for use in construction to improve the efficiency of transaction control based on digital FinTech.
Methods. The study attempts to analyze the potential possibility of creating a financial management system in construction projects, based on solutions generated by FinTech and implemented in construction, using the Blockchain technology.
Results. The introduction of Blockchain will help all construction project participants to safely make transactions without the involvement of third parties, based on a smart contract. The proposed approach enables stakeholders (real estate buyers) to control the remaining financial obligations between interested parties, i.e. participants in business transactions. The main result is the presentation of new tools for a decentralized financial management system that reduce the risks of losses in operational and financial activities of the developer, and this is extremely important in conditions of external market volatility.
Conclusions. This study presents provisions that substantiate the potential possibility of using new tools for a decentralized financial management system based on digital financial technologies that reduce the developer’s risks.

Keywords: financial management, Blockchain, financial strategy, FinTech, decentralized system


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Vol. 30, Iss. 6
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