Digital Transformation Of Economy Research Articles

TRENDS IN THE DIGITAL TRANSFORMATION OF UKRAINE'S ECONOMY IN THE CONTEXT OF WAR

Influenced by the processes of global digital transformation and the requirements set by the European Union in the context of European integration, the Ukrainian economy, even before the full-scale invasion, was focused on the development of digital technologies that allow increasing the level of production automation and labour productivity, reducing costs, increasing revenues, improving competitiveness and realising other benefits of digitalisation. At the same time, during the war, the role of digital technologies is growing, turning into a flexible tool that ensures the economic sustainability of Ukraine. Despite the considerable attention of researchers to the problems of building Ukraine's digital economy in wartime, the key features and trends of its development require a more detailed study, taking into account the challenges and tasks that arise in martial law and can be quickly and effectively addressed with the help of digital technologies. In this regard, the study of the specifics of the development of digital transformation of the economy in order to achieve Ukraine's strategic goals in wartime deserves special attention. The subject of the study is the process of digital transformation of Ukraine's economy in wartime. The purpose of the study is to analyse the features and trends in the development of Ukraine's digital economy, taking into account the challenges and needs of wartime, and to propose ways of post-war recovery. The study of the problem was carried out with the use of a combination of general scientific and modern research methods, among which the main ones are the method of system analysis (when studying the approaches and points of view of domestic and Western scientists), economic and statistical (to determine the trends in the development of the digital economy in Ukraine), analysis and synthesis (when studying the types of digital economy), graphic (to visualize a number of theoretical and practical provisions of the article). The purpose of the article is to study the peculiarities of development of Ukraine's digital economy in the context of current challenges caused by the war. The authors emphasises that digitalisation processes are important for the restoration and development of the national economy and for increasing the country's competitiveness. The importance of further development of the digital economy is determined not only in the context of war, but also to overcome its consequences in the period of post-war recovery. Conclusions. Digital technologies have a significant potential to restore the national economy and accelerate economic development, as they can facilitate the transition from the use of material to information resources, reduce production costs, create new technological products and bring them to the global market, increase the country's competitiveness, etc. In addition, digital technologies can accelerate Ukraine's economic development both during the war and in the period of post-war reconstruction. This contribution is supported by the research work of the Department of Accounting and Taxation of the National University Zaporizhzhia Polytechnic 05711 "Modern concepts and practice of development of accounting, auditing and taxation in the context of economic globalization".

New trends in platform employment of rural youth in the context of digital transformation

The use of online digital labor platforms is aimed at simplifying access to professional activities, accelerating and facilitating the interaction of workers and employers in the process of labor relations. The goal is to study new trends in platform employment of rural youth in the context of digital transformation of economy. The methods are based on materials from domestic and foreign analytical reviews, scientific publications, changes in social and labor legislation and practice of developing platform employment of the rural population of the Republic of Kazakhstan. The method of quantitative and graphical analysis of the number of freelancers by industry, dynamics in the level of youth unemployment, education, as well as in regional aspect is used. Results – the state and factors hindering the increase in the level of employment of rural young personnel in freelance sector due to the underdevelopment of Internet platforms for labor adaptation and weak social infrastructure in rural areas, and a low incentive for young specialists to work have been identified. The importance of motivational factors contributing to the growth of prestige, increasingly popular format of work – online platforms and development of labor potential of the younger generation is substantiated. The fundamental importance of attracting young villagers through freelancing in labor-abundant regions of the country has been proven. Conclusions – official freelancing and platform employment in the republic are at the stage of formation, as evidenced by the recent inclusion of these norms in social and labor legislation. Statistical authorities provide very limited information on development of free employment. It is proposed, using world experience, to expand research to achieve the ultimate goal - improving the quality of life of the rural population.

Digital Transformation of the Resource Potential of Accounting and Analytical Workers in the Preparation of Competitive Actors of the Service Sector

The article is devoted to a comprehensive study of the digital transformation of the resource potential of accounting and analytical workers in the preparation of competitive actors in the service sector. The purpose is to consider the competencies of accounting and analytical workers as an integral part of the resource potential in the context of digital economy transformation. The low level of digital competencies causes the lack of new skills as components of resource potential in terms of economic growth. In this regard, the topic of the study is relevant. The scientific novelty of the research consists in development of universal model of digital competences for workers of registration and analytical positions as a derivative of resource potential. It was concluded that the digital transformation of the resource potential of accounting and analytical specialists consists in the acquisition of digital competencies, which contributes to economic growth and the development of competition, favorably affecting the improvement of the service sector in the country, thought indirectly. The research method was not based on individual methods, but on their combination. Working on the article the author used cognitive and systemic approaches.

Трансформация рынка труда и запрос на новый тип ИТ-специалистов в тренде цифровой экономики

The article presents the main trends of the labor market in terms of the demand for a new type of IT specialists in the digital economy. The article forms a comprehensive understanding of the trends in the IT specialists’ labor market development in the context of the digital economy transformation and trends’ interaction with educational institutions through the acquisition of new professional competencies. To determine the relevance of the topic and identify key objectives, the authors performed a multidimensional bibliometric analysis of publication activity using six basic terms and their combinations. The article presents a statistical review of the IT personnel number in the world and Russia, the changes in the employment forms and the requirements for professional competencies in accordance with the Industry 4.0 paradigm, and confirms the hypothesis of insufficient flexibility and adaptability of the higher education system in terms of requests for a new type of IT specialists. The authors confirm the necessity for transforming the labor market and adapting to new realities on the part of both IT companies and specialists in the field. The study serves as a prerequisite for forecasting personnel needs and identifying structural changes in the digital skills of information and computer technology workers.

Exploring the mesomeric effect of executive equity incentives on enterprise innovation: a study in the context of digital transformation

PurposeThe purpose of this study is to explain the following questions: First, whether the executive equity incentive has an impact on enterprise innovation and digital transformation; Second, if there is any influence, whether there is difference between state-owned enterprises and private enterprises in the research conclusions; Third, whether the digital transformation of enterprises has had an intermediary effect between executive equity incentive and enterprise innovation; Fourth, whether the proportion of independent directors in the corporate governance mechanism has a regulatory effect.Design/methodology/approachIn the context of China's promotion of “digital China” construction and high-quality development of economic innovation, this paper takes Shanghai and Shenzhen A-share listed companies in 2011–2019 as a sample, empirically studies the linear and nonlinear relationship between executive equity incentive and enterprise digital transformation and innovation, and further considers the regulatory effect of heterogeneous property rights and the proportion of independent directors, with a view to improving the reform of China's enterprise equity incentive system make contributions to enterprise innovation and digital transformation.FindingsThe results show that executive equity incentive has a positive role in promoting enterprise digital transformation and innovation, and enterprise digital transformation has a positive role in promoting enterprise innovation; Digital transformation of enterprises has a partial intermediary effect between executive equity incentive and enterprise innovation.Originality/valueFirst, it expands the research on the economic consequences of enterprise salary incentive system. Second, it expands the research on the specific role path of enterprise digital economy transformation. Third, provide new ideas for the reform of corporate governance mechanism.

РАЗВИТИЕ ПРОЦЕССОВ ЦИФРОВОЙ ТРАНСФОРМАЦИИ ЭКОНОМИКИ РЕГИОНОВ

The priority tasks of the digital transformation of the economy of the regions are considered and it is shown that the level of competitiveness of their products significantly depends on the development of information technologies that allow enterprises to acquire a set of important advantages. The main directions of digitalization of the economy of St. Petersburg and the Leningrad region are analyzed. It is revealed that the implementation of the digital transformation of the regional economy causes significant shifts in the structure of consumption, leading to an increase in the share of high-tech products and information services, as well as the modification of the employment structure and lifestyle of the population. The most important role in the development of the processes of digital transformation of regions is played by the information infrastructure, which is characterized by the rapid development of the field of knowledge-intensive consulting, engineering and telecommunications services and contributes to the efficiency of the functioning of regional enterprises. The processes of digitalization of the economy under the influence of technological innovations are increasingly becoming systemic character and become the main productive force. The main problems are revealed digital transformation of the regional economy and the basic elements of the development of innovative activities that contribute to improving the efficiency of the functioning of regional enterprises are given.

AI for Environmental Intelligence in the Digital Economy

In today's digital economy, companies face climate-related damage to their assets, disruptions to supply chains and operations, and increasing pressure from consumers and regulators to their sustainability goals. Researchers need better tools to support climate research; businesses need better technologies to accelerate their sustainable digital transformation journeys. These include reimagining operations, supply chains, emissions management, or ESG and climate risk reporting with the help of emerging technologies for organizations to meet their sustainability goals. In this paper, we focus on some of the proposed approaches for helping enterprises to decarbonize their emission as they embrace their digital economy transformation.

FOREIGN EXPERIENCE IN IMPLEMENTING DIGITAL EDUCATION IN THE CONTEXT OF DIGITAL ECONOMY TRANSFORMATION

The relevance of the research topic is that the study of foreign experiences in the implementation of digital education in the context of digital economic transformation is of great importance. In the context of digitalisation, developed countries are implementing digitalisation policies to promote the digital transformation of education, focusing on improving digital literacy and digital competence. The purpose of the study is to conceptualise the foreign experience of implementing digital education in the context of digital economy transformation. This study aims to examine the global implementation of digital education as a social and economic phenomenon. This study focuses on exploring the impact of the digital economy on the transformation of digital education. The research will focus on: (1) reflections on the concepts of digitalisation of education in advanced countries such as the USA, Japan, India, South Korea, Australia, the UK, Germany and China; (2) definition of connotations and attributes of the digital economy; (3) identification of smart education as a condition for the transformation of the digital economy. According to the study, advanced countries are adopting smart education concepts as a crucial step towards digitalising education to achieve a balance in developing high-quality education, enhancing its quality, expanding opportunities, and promoting the formation of lifelong digital competenciesIt is concluded that the promotion of higher education as a "smart digital transformation reform" contributes to the creation of a new educational environment in the digital age, providing convenient channels for obtaining digital resources. Informatisation of education as a factor of digital transformation has created new opportunities, provided students with intelligent data for learning, given a new impetus to education reform, facilitated large-scale individualised learning, and formed innovative concepts for implementing smart education as an extension of the capabilities of digital technologies and the impact of the digital economy on the transformation of digital education.

Improving the System of Mandatory Requirements to Business under the Digital Transformation of Economy

Objective: to elaborate scientifically substantiated proposals for improving the system of mandatory requirements in the sphere of business and other economic activity under formation of digital economy, taking into account the foreign experience of eliminating barriers for business and the available practice of legislation optimization in this sphere.Methods: the research methodological basis consists of traditional general and specific methods of scientific cognition: dialectical, formal-logical, historical-comparative, systematic, terminological, general logic methods (analysis, synthesis, generalization, induction, deduction, etc.), as well as special methods: historical-legal, formal-legal, and method of comparative jurisprudence.Results: the author investigated and systematized theoretical approaches and experience of improving the system of mandatory requirements in foreign countries and the Russian Federation; the possibilities of introducing the most successful innovative legal instruments and practices to improve the regulation of economic relations were considered. The role of a retrospective assessment of the regulatory impact of existing regulatory legal acts containing mandatory requirements in addressing issues of reducing burdensome rules and ensuring legal stability in the context of digital transformation of the economy was determined. The international experience of implementing the regulatory guillotine mechanism was considered; its essence, purpose, tasks, basic principles, and algorithm of operation were revealed. The issues of establishing and evaluating the application of the requirements for business contained in regulatory legal acts were analyzed.Scientific novelty: the author’s comprehensive analysis of existing scientific developments on improving the system of mandatory requirements for business; systematization of scientific and theoretical approaches to the selection of innovative legal instruments to eliminate excessive legal regulation of economic relations; generalization of successful foreign practices in the implementation of “regulatory guillotine” measures.Practical significance: recommendations were developed for effective reduction of burdensome requirements that negatively affect the development of business in the context of digital transformation of the economy. Conditions were determined for the implementation of a full-fledged regulatory impact assessment procedure and the successful implementation of regulatory reforms. The results of the study can be used in standard-setting activities and in the educational process when elaborating educational programs in Economics and Law.

Network human capital formation in the conditions of digital transformation of economy

The article reveals the pattern of network human capital formation. Network human capital has been proved to be closely connected and conditioned by digital transformation. On this basis, the relationship between network human capital formation and digital human capital has been substantiated. The purpose of the article is to consider a number of basic theoretical, methodological, and empirical foundations in the field of analysis of network human capital formation. Based on the analysis of a number of key studies in the area, it has been concluded that in the modern network economy, network human capital is determined by one of the most important strategic assets of organizations. It has been proposed to use the methodology of the Network Readiness Index to quantify network human capital. The theoretical and practical value of the proposed approach lies in the application of a methodology that gives priority to the human factor of network readiness and reflects the impact of individuals’ choices regarding technologies and management methods on innovative networks creation in the process of innovative technologies development and implementation. The emerging concept of network human capital is aimed at overcoming the digital inequality and using the Internet to implement positive social changes. This concept considers digital education in the context of the formation of an active socio-political position of human influence on society development.

A decision support model for evaluating risks in the digital economy transformation of the manufacturing industry

In recent decades, digital technologies have seriously changed socioeconomic systems on a global scale. Unfortunately, consequential issues have remained mostly uninvestigated. The literature lacks research into the risks that may arise in the procedure of developing digital capabilities that have considerable impacts on firms’ innovative growth. In addition, inadequate research has been conducted on challenges that may arise when a business is being developed in the context of the digital economy. Moreover, the advent of new risks specific to the digital economy has not been addressed in the overall system of modern economic relations. As a result, the current study aims to investigate the major areas of relevance to transforming companies into the digital economy, considering the impacts of new risks encountered during such transitions. Along this line, this paper develops a decision support model for evaluating risks in the digital economy transformation of the manufacturing industry. This approach is applied to compute the weights and the study ranks the most important risks for digital economy transformation in the manufacturing industry. In addition, the proposed method model is implemented to find industries’ priorities of different risks for the digital economy transformation of the manufacturing industry. Finally, a case study is carried out to assess the most important risk for the digital transformation of the manufacturing industry. The results show that lack of top management involvement (f7), with a weight of 0.0563, an unstable market environment in terms of the uncertainty industry, and market volatility, with a weight of 0.0542, are the most considerable risks for the digital economy transformation (DET) of the manufacturing industry. Additionally, comparison and sensitivity analyses are made to illustrate the advantage of the presented approach.

The Potential of Cyber Attacks in Indonesia's Digital Economy Transformation

In the era of the industrial revolution 4.0, many activities use the internet and computers, including economic activities. Many activities in real space are transformed into cyberspace. Currently, the world economy is transforming from conventional methods to digital. Thus, almost all countries in the world are competing to adapt to these changes, one of which is Indonesia which, based on the McKinsey report, ranks first as the country with the fastest growth in adopting the digital economy. The purpose of writing this article is to analyze the potential for cyber attacks that can affect the transformation of Indonesia's digital economy. The research method used is qualitative with data collection techniques in the form of literature studies. The results of the study found that there are several potential cyber attacks in the transformation of Indonesia's digital economy, including: Denial-of-service (DoS) and distributed denial-of-service (DDoS) attacks, Man-in-the-middle (MitM) attacks, Phishing attacks, Drive-by-download attack, Password Attack, SQL Injection Attack, Cross-site scripting (XSS) attack, Eavesdropping attack, Birthday Attack, and Malware Attack.
 (Pada era revolusi industri 4.0, banyak aktivitas yang menggunakan internet dan komputer, termasuk aktivitas ekonomi. Banyak aktivitas di dunia nyata ditransformasikan ke dunia maya. Saat ini, perekonomian dunia sedang berubah dari metode konvensional ke digital. Oleh karena itu, hampir semua negara di dunia sedang bersaing untuk menyesuaikan diri dengan perubahan ini, salah satunya adalah Indonesia yang, berdasarkan laporan McKinsey, menduduki peringkat pertama sebagai negara dengan pertumbuhan tercepat dalam mengadopsi ekonomi digital. Tujuan penulisan artikel ini adalah untuk menganalisis potensi serangan cyber yang dapat mempengaruhi transformasi ekonomi digital Indonesia. Metode penelitian yang digunakan adalah kualitatif dengan teknik pengumpulan data berupa studi pustaka. Hasil penelitian menemukan bahwa ada beberapa potensi serangan cyber dalam transformasi ekonomi digital Indonesia, di antaranya: Serangan Denial-of-service (DoS) dan distributed denial-of-service (DDoS), Serangan Man-in-the-middle (MitM), Serangan Phishing, Serangan Drive-by-download, Serangan Password, Serangan SQL Injection, Serangan Cross-site scripting (XSS), Serangan Eavesdropping, Serangan Birthday, dan Serangan Malware.)

Impact of environmental education on environmental quality under the background of low-carbon economy.

How does environmental education affect environmental quality? There is no consensus among theorists. This paper is devoted to exploring the influence mechanism of environmental education and environmental quality under the background of a low-carbon economy from a theoretical model and empirical analysis. The research method of this paper includes two aspects. First, from the consideration of the central planner, this paper draws on and improves the Ramsey Model to explore the interaction mechanism among environmental education, environmental quality and green growth. Second, this paper uses provincial panel data from China from 2011 to 2017 for empirical analysis, which mainly verifies the impact mechanism of environmental education on environmental quality. The theoretical model shows that environmental education enhances green consumption intention through residents' environmental awareness and enhances enterprises' cleaner production motivation through environmental pressure. Correspondingly, the pressure to improve environmental quality will also promote the economy's endogenous growth through the digital economy's transformation and the accumulation of human capital. The empirical analysis confirms that environmental education can improve environmental quality through green consumption and pollution control. Still, the effect of improving environmental quality only through pollution control is not apparent, and pollution control needs to be combined with environmental education, especially in high-pollution areas. Finally, this paper puts forward some suggestions for optimizing environmental education.

Основні тренди та перспективи цифровізації економіки України

The article is aimed at studying and generalizing the main trends in the digital transformation of Ukraine’s economy and determining their impact on the activities of entrepreneurial entities for a more complete use of their potential. Over the past decade, there has been a radical transformation of society, a real information revolution, which is characterized by changes not only in the technical characteristics of goods, but also in the model of interaction between people. The main value is information that has a unique nature regarding its own multiplication and preservation. The active use and accumulation of information transforms humanity from industrial to informational one. It is determined that the purpose of digitalization of the Ukrainian economy is the digital transformation of existing sectors of the economy into new, more efficient and economically advantageous ones. The introduction of digitalization in most business processes and in the spheres of people’s life will become the basis for increasing the competitiveness of Ukrainian products and services, stimulate economic growth and contribute to improving the welfare of the population. This process should be grounded on basic principles. Therefore, the study summarizes the principles of digitalization, compliance with which is decisive for the creation and implementation of the benefits provided by digital technologies. According to the results of the carried out theoretical analysis, it is found that digitalization of economy has a contradictory impact on the development of economy and society as a whole. The advantages, negative consequences and risks of digital transformation for the development of the country’s economy are determined. Summarizing the experience of domestic and foreign scientists, the main trends in the digital transformation of economy have been identified.

Statistical and managerial analysis of the digital transformation of economy in the context of sustainable development

The purpose of the study is to analyze available statistic information concerning the level of digitalization in the Russian Federation and to identify problem areas for the subsequent development of measures to eliminate them. Currently, a number of quantitative indicators have been developed in the world that determine the ranking of countries according to the degree of development of the digital economy. It is a system of indices and sub-indices on various areas of digitalization development. Conducting such evaluation by various organizations allows us to speak about the objectivity of assessments received and the reflection of real situation in a particular country. The article provides an analysis of the position of the Russian Federation among other countries of the world on a number of digital economy development indices – the world digital competitiveness index, the readiness index for a networked society, the inclusive Internet index, the e-government development index, the mobile interaction index, as well as on national indicators affecting digital economy and information and communication technologies. The dynamics of these indicators in recent years is analyzed, problematic areas of digitalization in our country are identified in order to concentrate efforts on lagging areas, which would ensure further development of the Russian economy.

The role of human capital in the context of digital economy transformation

In the context of the current trend of digital economy transformation, human capital emerges as a key factor supporting economic growth and innovation processes. This paper focuses on the dynamics of these processes, examining how human capital influences the implementation of new technologies and artificial intelligence, particularly in the context of the business environment. The aim of this study is to analyze and provide a comprehensive view of selected factors that, in the context of human capital, shape economic growth and innovations in the process of digital economy transformation, with a particular emphasis on its current challenges and opportunities. Based on the analysis of current trends and reflection on academic literature, this paper highlights the significance of the economic transformational potential of human capital, especially in the area of digitalization and artificial intelligence (AI). The conclusion and discussion include a set of innovative proposals for education and development of human capital, with a focus on new challenges associated with the concept of Industry 4.0 and artificial intelligence (AI).

The Insurance Market Transformation with the Assistance of Innovative Technologies

The present article is devoted to the study of the insurance market regarding the insurance services provided as a part of the digital economy transformation and the direction of Russian insurance companies’ innovative activities. The needs and prospects of digitalization of the economy insurance sector are justified and obstacles restraining the full introduction of innovative technologies are identified in the article. The considered factors relying on the review of the Russian insurance market in the period from 2019 to 2021 are: the current insurance market situation, its prospects and key trends in the near future. Nonetheless, the opportunities provided by digital technologies are far from ones fully implemented in the insurance sector that is hindered by both objective and subjective circumstances. The material and financial capabilities of insurers as well as the number of legislative and infrastructure restrictions of the country are mentioned among them.

중소벤처기업 지원정책의 미래 방향성에 관한 연구

SMEs play an important role in national and regional economic systems. However, as the potential vulnerability of SMEs has emerged as a major policy concern due to COVID-19, government support policy is being emphasized. Despite the importance of SME support policies, there is only a few research study on factors affecting the revitalization of SMEs. In addition, it is time to establish the future orientation of support policies that can respond to new environmental changes, such as the Fourth Industrial Revolution and post-COVID-19. This study examined the relationship between SME support policies and future directions. Factors of the effectiveness of SME support policies were provided by analyzing the contents of academic papers (research trends) and news articles (social trends). And for stratification and categorization of factors, the Futures Wheel methodology was applied.
 Factors were classified into three categories: institutional, policy, and behavioral and cultural factors. In addition, future SME support policies should be moving toward survival and coexistence, digital economy transformation, management innovation, regulatory reform, innovative growth, management stabilization, ecosystem creation, and competitiveness improvement.

APPLICATION OF THE ESSENTIAL FACILITIES DOCTRINE IN THE ANALYSIS OF THE BIG DATA OPERATORS BEHAVIOR

Digital transformation of economy leads to changes in industrial markets and firms behavior on them. They begin to compete basing not on expansion of their market share but on creating a benefit for a consumer. Therefore, increase of firm competitiveness requires information about consumer preferences and behavior, which in turn leads to a changes in the role and forms of supply chain participants interaction. In such a situation, big data operators gain a competitive advantage, backed by high fixed costs of extracting value from big data, which provides monopoly power. The question arises about the possibility of considering big data and the behavior of such data operators based on the provisions of the essential facilities doctrine. The research is based on the theory of essential facilities and its application in the construction of an optimization model of big data market subjects behavior. The matter of big data attribution to essential facilities is solved basing on study of approaches to interpretation of big data and essential facilities categories, analysis of interrelation and size of big data processing costs, building a model of big data operator behavior when supplying firms on neighboring markets with processed information. It is shown that big data in processed form can be attributed to essential facilities as their collection and processing are connected to high initial costs which block possibility of their duplication by competitors. However, the peculiarity of it as essential facilities is that they do not completely limit the possibility of entering the market, but determine the competitiveness of firms in it, which causes the growth of the importance of such an entry barrier as the formation of customer loyalty. Such results raise the question of the need and ways to regulate access to big data as essential facilities, since their incorrect regulation or lack of such can lead to a decrease in the markets or supply chains performance and the effectiveness of industrial or antimonopoly regulation.

Trends in the Evolution of the Digital Financial Assets Market in the Context of the Digital Transformation of the Global Economy

The study focuses on identifying the driving forces behind the digital transformation of the economy in the financial sector and the development of the digital financial assets (DFA) market. The subject of the research is the factors of digital transformation and the DFA market. The relevance is due to the transformation of the world economy, associated, among other things, with the active development of the DFA market, the expansion of the possibilities of using distributed ledger technologies (DLT) and blockchain against the background of high growth rates of the cryptoasset market. The aim of the paper is to summarize the main trends in the development of the global cryptoasset market, determine the main factors of investment attractiveness of cryptocurrencies and explore the conditions for the successful implementation of various models of digital currencies of central banks (CBDC). In the course of the work, the methods of systematization and classification of information, multivariate statistical analysis were used. As a result of the study, 5 clusters of cryptocurrencies were identified, depending on the dominance in the market and the dynamics of price changes. The resulting functions can be used to predict the attribution of cryptocurrencies to the corresponding clusters. Among the factors that have a significant impact on the development of CBDC projects in general and with the wholesale model in particular, one can single out “capital”. At the same time, CBDC projects with a retail model are actively and successfully implemented in countries with a high level of technical knowledge and entrepreneurial talent, ahead of the capital factor in their importance. Taking into account the review of global trends, the development of fintech technologies, it was concluded that the processes of digitalization of financial assets are inevitable, the emergence of new forms of digital assets that dictate the need for the advanced development of their legal regulation.