<!DOCTYPE article PUBLIC "-//NLM//DTD JATS (Z39.96) Journal Archiving and Interchange DTD v1.0 20120330//EN" "JATS-archivearticle1.dtd">
<article xmlns:xlink="http://www.w3.org/1999/xlink">
  <front>
    <journal-meta>
      <journal-title-group>
        <journal-title>M. Chyzhevska);</journal-title>
      </journal-title-group>
    </journal-meta>
    <article-meta>
      <title-group>
        <article-title>Artificial Intelligence and Blockchain Technologies as Tools for Modeling Investment Projects⋆</article-title>
      </title-group>
      <contrib-group>
        <contrib contrib-type="author">
          <string-name>Maryna Chyzhevska</string-name>
        </contrib>
        <contrib contrib-type="author">
          <string-name>Oleksandra Kuzmenko</string-name>
        </contrib>
        <contrib contrib-type="author">
          <string-name>Vitalii Venger</string-name>
          <email>vengerv@ukr.net</email>
        </contrib>
        <contrib contrib-type="author">
          <string-name>Nataliia Romanovska</string-name>
        </contrib>
        <contrib contrib-type="author">
          <string-name>Alona Desiatko</string-name>
        </contrib>
      </contrib-group>
      <pub-date>
        <year>1953</year>
      </pub-date>
      <volume>000</volume>
      <fpage>0</fpage>
      <lpage>0002</lpage>
      <abstract>
        <p>The relevance of this study is due to the increasing role of artificial intelligence (AI) and blockchain technologies in investment project modeling. These technologies offer new opportunities for risk management and profitability forecasting by enhancing the efficiency and transparency of financial decision-making processes. The objective of the study is to analyze the impact of AI and blockchain on investment project modeling, emphasizing their role in optimizing financial strategies. The study employs analytical methods, systematic analysis, synthesis, and comparative approaches to assess the effectiveness of these technologies in financial decision-making. The study explores the integration of AI and blockchain in investment project modeling, highlighting their advantages, such as improved financial stability assessment, fraud prevention, and automation of investment agreements. Special attention is given to the role of deep learning in macroeconomic forecasting and the potential of asset tokenization in attracting capital. Additionally, the study examines challenges related to digital transformation, including high implementation costs, cybersecurity risks, and technological adaptation. Practical applications of AI and blockchain in investment projects are assessed, focusing on their impact on asset management and financial stability. The study provides recommendations for improving the efficiency of investment project modeling through digital technologies to ensure sustainable financial growth.</p>
      </abstract>
      <kwd-group>
        <kwd>eol&gt;artificial intelligence</kwd>
        <kwd>blockchain</kwd>
        <kwd>investment</kwd>
        <kwd>investment projects</kwd>
        <kwd>modeling</kwd>
        <kwd>digital transformation</kwd>
        <kwd>asset tokenization</kwd>
        <kwd>digitalization</kwd>
        <kwd>cybersecurity</kwd>
      </kwd-group>
    </article-meta>
  </front>
  <body>
    <sec id="sec-1">
      <title>1. Introduction</title>
      <p>
        Today’s conditions open up many prospects for modern enterprises. It is the use of digital
technologies, in particular AI and blockchain technologies, that is driving the development of the
global economy, opening up new opportunities for modeling investment projects. Integration into
global digital chains creates added value, which is the basis for the emergence of new markets and
the entry of products into the international arena. Thus, the introduction of innovative information
technologies, including AI and blockchain, is becoming a key factor in optimizing investment
decisions. Efficient and fast data processing ensures transparency of financial transactions and
increases the accuracy of management decisions [
        <xref ref-type="bibr" rid="ref1 ref2">1, 2</xref>
        ].
      </p>
      <p>
        Thus, the development and implementation of scientific and technological advancements have
made the digitalization of all spheres of activity the foundation for the practical application of
analytical models for investment risk forecasting, thereby enhancing the growth potential of
enterprises. The advancement of digital technologies (Big Data, the Internet of Things (IoT), Smart
technologies, smart contracts) has led to the transformation of traditional approaches to investment
opportunity assessment and the expansion of financial instruments [
        <xref ref-type="bibr" rid="ref3 ref4 ref5 ref6">3–6</xref>
        ]. Consequently, this issue
remains at the center of attention in political, business, and scientific-practical domains.
In his work Kovtunenko Y. [
        <xref ref-type="bibr" rid="ref7">7</xref>
        ] explored the challenges and potential benefits of utilizing AI
technologies in enterprise management. Chernenko N. analyzed and evaluated the application of
AI in investment analysis business processes, with a particular focus on financial decision
optimization [
        <xref ref-type="bibr" rid="ref8">8</xref>
        ]. A research team consisting of Hnatiienko H., Hnatiienko V., Zozulya O., Ilarionov
O., and Sysak K. [
        <xref ref-type="bibr" rid="ref9">9</xref>
        ] studied AI applications for enhancing the accuracy of investment risk
assessment. Ostrovska H. and Ostrovskyi O. [
        <xref ref-type="bibr" rid="ref10">10</xref>
        ], as well as Brintseva O. [
        <xref ref-type="bibr" rid="ref3">3</xref>
        ], examined and
systematized various aspects of AI utilization, including its impact on marketing and human
resource management. Andriichuk O., Kadenko S., and Florek-Paszkowska A. investigated the use
of AI in expert decision-support system modeling [
        <xref ref-type="bibr" rid="ref11">11</xref>
        ]. Mashlii H., Mosii O., and Pelcher M.
conducted a survey among domestic enterprise managers regarding the readiness for adopting
advanced AI-based scientific developments, as well as developed proposals for AI-driven financial
project management and implementation strategies [
        <xref ref-type="bibr" rid="ref12">12</xref>
        ].
      </p>
      <p>
        Modern scientific research focuses on the optimization and enhancement of investment
processes through the implementation of AI and blockchain. Scholars such as Verbivska L. [
        <xref ref-type="bibr" rid="ref13">13</xref>
        ],
Kraievska A. [
        <xref ref-type="bibr" rid="ref14">14</xref>
        ], and Yevseieva-Severina I. [
        <xref ref-type="bibr" rid="ref15">15</xref>
        ] have investigated the integration of AI tools into
enterprise competitiveness management and business development strategies. The team of authors
Hnatienko G., Hnatienko V., Zozulya O., Ilarionov O., Sysak K. in the work [
        <xref ref-type="bibr" rid="ref9">9</xref>
        ] investigated the
main directions of possible application of modern results obtained in the field of AI for improving
educational processes in agriculture. Thus, the objective of this study is a comprehensive analysis
of AI and blockchain methods and tools for investment project modeling, performance evaluation,
and risk management in the digital economy.
      </p>
    </sec>
    <sec id="sec-2">
      <title>2. Materials and methods</title>
      <p>
        The study is based on a comprehensive analysis of various materials, including theoretical sources,
financial reports of enterprises, documentation on operational performance, and statistical reports.
To examine the level of digitalization in investment modeling, financial reports of companies that
actively implement AI and blockchain technologies in their business processes, particularly Nova
Poshta LLC over the past six years [
        <xref ref-type="bibr" rid="ref16">16</xref>
        ], were analyzed. This analysis allowed for the identification
of digitalization trends, key financial indicators of the industry, and their impact on investment
strategies. Based on the review of documentation covering the core aspects of company activities,
the implementation and application of AI and blockchain in financial operations, smart contracts,
and investment risk assessment were noted.
      </p>
      <p>The active use of open data and statistical reports has helped contextualize the research findings
and determine the role of digital technologies in investment decision-making. The analysis of
articles and scientific studies in the fields of finance, logistics, and the digital economy plays a
crucial role in expanding the theoretical foundation of the study.</p>
      <p>The application of the analytical method was a key stage in the research on the use of AI and
blockchain in investment activities. This method not only identified the key financial indicators but
also allowed for the identification of digital transformation trends and their impact on management
processes. The statistical method was useful for examining the main parameters of investment
efficiency. The methods of analysis, synthesis, induction, deduction, and generalization enabled the
argumentation of the concept of using AI for financial risk forecasting; the graphical method was
used to visually illustrate the obtained results; and correlation-regression analysis was employed to
assess the impact of digital technologies on investment planning. As a result, this approach made it
possible to assess the level of digitalization in investment processes, explore the use of AI and
blockchain in risk modeling, and substantiate the feasibility of implementing innovative
approaches to enhance the efficiency of investment decision-making. Given that financial
management digitalization is currently a key prerequisite for successful investment and the
strategic development of enterprises.</p>
    </sec>
    <sec id="sec-3">
      <title>3. Results</title>
      <p>Modeling investment projects based on AI and blockchain technologies opens up new
opportunities for effective risk management and profitability forecasting. AI enables the analysis of
large volumes of financial data, uncovering hidden patterns and generating predictive models to
optimize investment strategies. Through machine learning, AI can identify potentially promising
projects, assessing their financial stability based on historical data.</p>
      <p>Blockchain, in turn, ensures transparency in financial transactions by automating the execution
of investment agreements through smart contracts. The use of asset tokenization facilitates the
attraction of additional capital via digital platforms, making the investment process more flexible.
The combination of AI and blockchain helps reduce analytical and portfolio management costs by
automating key risk assessment processes.</p>
      <p>Deep learning algorithms can forecast macroeconomic trends, allowing investors to make more
informed decisions. Blockchain reduces fraud risks by creating immutable records of all
transactions and investment decisions, enhancing trust in projects. AI models can analyze market
behavior and the impact of global events on investment decisions, ensuring effective strategy
adaptation. Thus, the application of these technologies in investment project modeling enhances
asset management efficiency and contributes to financial stability for companies.</p>
      <p>The modern digital economy represents a prolonged process of transformation across all
economic sectors, aimed at transferring information resources and knowledge into digital form.</p>
      <p>Scholars identify three key components of the digital economy [17, pp. 51, 52]: basic
infrastructure, e-business, and e-commerce. Their development ensures several advantages [18, pp.
14, 15]:


</p>
      <p>Digital economy demonstrates a high level of adaptability to the socio-economic demands
of society, enabling the rapid provision of necessary goods and services to consumers at the
right time.</p>
      <p>Digital technologies facilitate the dissemination of knowledge, innovations, and data
transmission. Simultaneously, they enhance societal productivity by optimizing and
structuring business process flows, thereby improving efficiency and supporting stable
economic growth.</p>
      <p>Digital economy operates as a model built upon digital communication platforms, which
contribute to increased labor productivity, enhanced enterprise competitiveness, cost and
resource optimization, and ultimately, improved quality of life for the population.</p>
      <p>
        Taking into account the core concept [19, p. 74] and the principles of economic digitalization
[20, p. 38, 39], it has been noted that the digital economy constitutes a complex system of social,
cultural, economic, and technological interconnections among the state, businesses, and citizens
operating within a global information space. It leverages network technologies for the creation and
promotion of digital products and services, fostering continuous innovation in management
approaches and technologies aimed at improving the efficiency of socio-economic processes [
        <xref ref-type="bibr" rid="ref21">21</xref>
        ].
      </p>
      <p>Thus, digital technologies—including the Internet, mobile devices, Big Data analytics, AI,
blockchain, and cloud computing—serve as the foundation of the digital economy. They facilitate
digital transactions, communication, and data processing, allowing enterprises and individuals to
engage in commercial activities in previously unprecedented ways.</p>
      <p>
        Given that the Internet is essentially a network of local networks, it can be concluded that the
IoT for each digitalized economic entity (enterprise or institution) is, in fact, a situational
aggregation of local networks Mi (corporate portals) of its business partners. This is determined by
the business cycle chain established at a given point in time (business period), which encompasses
the following stages: “marketing business processes—consumer value creation business processes—
distribution business processes” [
        <xref ref-type="bibr" rid="ref22">22</xref>
        ].
From the perspective of the digital economy concept, which is regarded as a digitalized integrated
mechanism for generating economic added value through the formation of a synergistic network of
IoT-based economic entities, the primary focus should be on the categories of e-commerce
interactions: G2G, G2B, G2C, B2B, B2G, B2C. At the same time, a key development trend is the
implementation of a digital management mechanism within enterprises as part of their IoT model
realization.
      </p>
      <p>
        Based on these principles, study [
        <xref ref-type="bibr" rid="ref22">22</xref>
        ] presents a conceptual model of the fundamental
methodological components of the digital economy, which integrates the IoT network technology.
This model outlines a business process chain aimed at creating business value for producers
(enterprises), structured as follows: D (Define)—Create the consumer (Consumer IoT, CIoT); P
(Prepare)—Prepare for the creation of consumer value (Industrial IoT, IIoT); M (Make)—
Manufacture consumer value (Industrial IoT, IIoT); S (Sell)—Sell the created consumer value
(Consumer IoT, CIoT).
      </p>
      <p>The COVID-19 pandemic served as a catalyst for the accelerated adoption of these models,
reshaping consumer behavior and compelling businesses to adapt to new realities. This shift led to
changes in how enterprises interact with consumers, compete with rivals, and structure their
operations. The digital revolution has thus influenced virtually all aspects of modern commerce,
from market promotion strategies to distribution channels and customer service methods,
effectively establishing new business paradigms. As a result, companies now need to coordinate all
business processes (investment projects) and integrate advanced management methods and
technologies by moving to an information-driven and virtual environment.</p>
      <p>Now, the enterprise must implement and coordinate all its business processes (investment
projects) by adopting new management methods and technologies, shifting towards an
information-driven and virtual environment.</p>
      <p>
        The implementation of digital technologies within enterprises follows a three-stage approach
[
        <xref ref-type="bibr" rid="ref23">23</xref>
        ]:
1. Analysis of business processes and strategic assets; identifying the primary causes of value
underperformance; assessing the efficiency of all departments, production, and internal &amp;
external communications.
2. Selection and integration of digital tools, deploying software platforms that enable rapid
development and scaling of experimental business applications; evaluation of digital
solutions’ effectiveness.
3. Monitoring changes in revenue dynamics and making necessary adjustments to solution
architectures if required.
      </p>
      <p>This structured approach enables enterprises to effectively adapt to the evolving digital
economy, ensuring competitiveness and sustainable development in the rapidly changing business
environment</p>
      <p>
        Digitalization Enterprise digitalization encompasses the following levels [
        <xref ref-type="bibr" rid="ref23">23</xref>
        ]:
1. Comprehensive automation of internal business processes, including production processes,
financial operations, enterprise resource planning (ERP) systems, project management,
budgeting, and customer relationship management (CRM) systems. At this stage, manual
tasks of any complexity are digitized, and data collection and analysis are carried out to
determine the next steps in the company’s digital transformation.
2. Implementation of advanced IT technologies across different departments within the
enterprise. This integration leads to the development of new, high-quality business models
that enhance operational efficiency and competitiveness.
3. Partial integration of digitalization, where the company’s management formulates a new
development strategy based on digital technologies. At this level, traditional processes are
replaced with digital solutions, leading to the emergence of a new organizational culture
that fosters innovation.
4. Full synchronization of the digitalization process, where a new digital platform is
implemented as the foundation for the company’s future operations. This phase may also
involve the creation of an entirely new business model. However, there remains a risk that
digitalization at this stage has not yet reached full stability, potentially leading to
operational disruptions.
5. Innovation and flexibility, a stage characterized by the complete consolidation of IT
solutions. The company gains the capability to develop its own digital solutions and foster
an agile organizational culture that can rapidly adapt to external changes.
6. Continuous innovation, where the company achieves sustainable development and
operational efficiency by integrating ongoing innovations through a flexible management
system and dynamic adaptation to market shifts.
      </p>
      <p>At every stage and level of digitalization, the human factor plays a crucial role. Moreover, it is
essential to recognize that the pace of digitalization should align with the company’s real
capabilities, not only in terms of technology adoption but also in ensuring effective utilization by
employees.</p>
      <p>Thus, it can be asserted that the profound impact of digital technologies is reshaping traditional
business models, production chains, and stimulating the emergence of new products and
innovations. Digitalization enhances the efficiency of production processes, compelling companies
to make digital transformation a central component of their development strategy.</p>
      <p>The digital transformation of an enterprise involves the integration of modern technologies into
its business processes. This approach encompasses not only the implementation of cutting-edge
hardware and software but also substantial changes in management practices, corporate culture,
and external communications. As a result, employee productivity increases, while customer
satisfaction levels improve, contributing to the enterprise’s reputation as a progressive and modern
organization.</p>
      <p>Thus, in developing a strategic development plan based on digital transformation, enterprises
address a number of key technological challenges [24, p. 289]:
1. Acceleration and simplification of business processes through computational infrastructure
programming, the use of automation tools, and virtualization technologies.
2. Ensuring process transparency and predictability across the enterprise’s infrastructure and
applications.
3. Enhancing product quality, increasing labor productivity, and optimizing resource
utilization while simultaneously reducing production costs and minimizing equipment
downtime.</p>
      <p>Modern businesses can no longer afford to ignore current trends in digital technology adoption.
Among the key digital tools utilized in enterprise activities, the following are distinguished [25, pp.
469–473]:</p>
      <p>AI is one of the leading technologies driving digital transformation. Its application includes
the automation of routine tasks, trend forecasting, and managerial decision-making based
on big data analysis.</p>
      <p>Big Data and analytical tools are enabling enterprises to gain deep insights into market
trends, consumer behavior, and internal operational efficiency. This facilitates data-driven
decision-making and the development of new growth strategies.</p>
      <p>Cloud computing is allowing enterprises to store data on remote servers with real-time
access, significantly reducing IT infrastructure costs and increasing flexibility in
collaborations with partners and customers.
4. Augmented Reality (AR) technologies and virtual tours—creating interactive experiences
for customers, thereby increasing engagement and interest in products and services.
5. IoT is enabling devices to communicate and exchange information autonomously, leading
to more efficient process and resource management within enterprises.</p>
      <p>AI has the capability to process vast amounts of data, enhancing forecast accuracy across
various business domains. AI-driven optimization of supply chains, route planning, and demand
forecasting allows companies to use their resources more efficiently, reduce costs, prevent delays,
and improve customer service quality.</p>
      <p>The primary AI methodologies include machine learning, neural networks, deep learning,
ensemble algorithms, and clustering techniques. The accuracy of AI-driven predictions largely
depends on the quality and volume of data as well as the application of regularization techniques,
which help prevent overfitting. Simpler models may fail to capture the full complexity of data,
while overly complex models risk overfitting, reducing their generalization ability. Thus, achieving
an optimal balance is crucial for ensuring high-precision forecasting and decision-making.</p>
      <p>Despite the fact that business management digitalization opens up new opportunities for
enhancing enterprise efficiency, it is also associated with a number of significant challenges that
may slow down its implementation. Among the key difficulties, the following should be
highlighted: high financial costs associated with the deployment of digital technologies, employee
adaptation difficulties in working with new tools, cybersecurity threats and data loss risks, as well
as the rapid pace of change in technological innovations [25, pp. 471, 472].</p>
      <p>In today’s business environment, enterprises must consider the necessity of integrating
innovative technologies such as blockchain into their operations. The core principle of blockchain
lies in the creation of a decentralized and distributed data storage system, where information is
recorded in sequentially linked blocks, each connected to the previous one through cryptographic
hashes. This structure ensures a high level of security and reliability, as modifying data in a single
block is impossible without altering the entire chain [26, p. 60].</p>
      <p>
        The conducted research leads to the conclusion that the application of digital technologies such
as AI, big data analytics, cloud computing, and the IoT provides enterprises with an opportunity to
strengthen their competitive positions in the global market [
        <xref ref-type="bibr" rid="ref27 ref28 ref29 ref30">27–30</xref>
        ]. These technologies enable
companies to reduce costs, accelerate decision-making processes, and improve productivity.
Furthermore, they open up new prospects for in-depth data analysis and the adoption of more
well-grounded managerial decisions.
      </p>
      <p>Integrating the latest technologies into existing production processes is one of the most
challenging tasks for enterprises. The transition to digital tools can cause technical difficulties or
temporary interruptions in production, which emphasizes the importance of detailed planning and
coordination to minimize possible risks [31, p. 181].</p>
      <p>
        Ukrainian enterprises use different types of CRM systems (Creation, SalesDrive, LP-CRM,
KeepinCRM, HugeProfit, Pipedrive, CleverBox: CRM, PERFECTUM, KeyCRM, described in [
        <xref ref-type="bibr" rid="ref32">32</xref>
        ]),
which help to solve problems related to attracting new customers and retaining existing ones;
ensuring the protection of personal data of customers by storing them on reliable servers; reducing
costs; optimizing time for managing business processes; increasing productivity; and organizing
effective remote work without losing efficiency.
      </p>
      <p>When implementing digital technologies in an enterprise, managers need to take into account
the possible difficulties they may face [33, p. 40]:</p>
      <p>Technological innovations (driven by technology). This problem relates to the introduction
and use of technologies whose potential and capabilities are not always realized by
customers, stakeholders, competitors or other stakeholders. These technologies include AI,
edge computing, augmented and virtual reality, and blockchain.
2. Behavior and requirements of customers (stakeholders, competitors, and other
stakeholders). This problem is not always related to the use of technology and is often
shaped by consumer expectations or behavior.
3. Innovations and inventions. The emergence of innovative approaches to solving business
problems and meeting customer needs is an important aspect. Innovations and inventions
create a new reality in the form of products, services or solutions, such as cryptocurrencies,
various applications or virtual worlds.
4. Ecosystemicity. Businesses are integral parts of broader ecosystems—business, social and
natural—in which they interact with consumers and other stakeholders.</p>
      <p>To fully leverage the benefits of digital technologies, enterprises must be prepared for rapid
evolution, increased flexibility of business processes, and the growing importance of data and
information in their operations. Implementing digital technologies requires management to
develop a comprehensive strategy that takes into account all aspects: information, data, processes,
technologies, human factors, and investment projects.</p>
      <p>Modern investment projects increasingly incorporate AI and blockchain technologies, which
enhance efficiency, reduce costs, and ensure operational transparency. Blockchain is used for data
security, contract automation, and reliable record-keeping, while AI helps analyze large data sets,
predict risks, and optimize processes.</p>
      <p>
        Thus, an enterprise’s digitalization strategy should be based on six key approaches [
        <xref ref-type="bibr" rid="ref33">33</xref>
        ]:
      </p>
      <sec id="sec-3-1">
        <title>1. Establishing a clear vision for digital transformation and innovation.</title>
        <p>2. Developing a digital culture within the enterprise.
3. Utilizing key performance indicators.
4. Automating business processes.
5. Integrating AI.
6. Creating an analytics department.</p>
        <p>Thus, management must ensure effective data management to avoid analytical paralysis,
optimize business processes, and use information to achieve the strategic goals of the enterprise.
Next, let’s look at digitalization tools and the use of AI in the context of the Ukrainian logistics
company Nova Post.</p>
        <p>
          Back in 2022, Nova Post became the owner of sorting terminals—automated complexes that
provide continuous sorting. The speed and quality of service at Nova Post is ensured by a mobile
application that allows you to assess the level of occupancy of BDF containers, as well as
robottrain systems used to optimize the sorting of small shipments in logistics areas; bot technologies
that optimize the cost of communication processes between the company and the retail client, as
well as within the company; IT information security programs [
          <xref ref-type="bibr" rid="ref34">34</xref>
          ]. NovaPay, a part of the Nova
Post group of companies, provides additional financial services, as well as the expansion and
renewal of logistics infrastructure in Ukraine, and the development of IT infrastructure [
          <xref ref-type="bibr" rid="ref16">16</xref>
          ].
        </p>
        <p>
          The company uses the following basic services [
          <xref ref-type="bibr" rid="ref35">35</xref>
          ]:
        </p>
        <p>Nova Post API is a modern set of tools designed to automate work with the company and
integrate logistics processes into any business. The API serves as a single access point for all
customers and services, ensuring efficient interaction. Its functionality significantly speeds up
operations, in particular through integration with CRM systems, which allows processing large
volumes of orders (147.8 million electronic waybills).</p>
        <p>Tracking—provides customers with the ability to track the movement of parcels, change the
delivery address, extend the storage period in the branch and pay for services online.</p>
        <p>Business Cabinet is a personal account on the company’s corporate website where customers
can create invoices, call a courier, and manage shipments around the clock. The platform is
currently used by 1.8 million active customers, and the number of electronic waybills created
through it is 60.6 million.
Mobile application—allows customers to manage their shipments at any time, providing convenient
access to information and making express delivery services even easier and more comfortable (13.5
million active users, 38.7 million electronic waybills).</p>
        <p>Thus, the company, which strives for fast and high-quality service, is constantly developing by
transforming the professional culture and professional competencies of its skilled workers,
increasing the requirements for their personal and professional qualities.</p>
        <p>The use of AI for Nova Post provides opportunities to predict peak order periods, determine the
highest loads of delivery routes, or optimize warehousing. The use of neural networks and deep
learning models also helps to predict possible delays or changes in demand, which contributes to
more informed management decisions. AI helps automate workflows, including cargo sorting and
tracking, which reduces the risk of human error and increases the accuracy and speed of order
processing. AI-powered chatbots improve customer experience by providing timely responses to
inquiries and solving problems without the need for human operators. Thus, the integration of AI
into the logistics processes of a company not only allows to predict the results of its operations, but
also significantly improves the overall efficiency of the enterprise.</p>
        <p>In 2017, “Nova Post” implemented the Microsoft Dynamics AX 2012 R3 ERP platform in its
operations, which met the company’s needs for efficient management and covered a wide range of
business processes. This decision was made to save time and reduce operational costs. At the same
time, to ensure electronic document flow, the M.E.Doc service was initially selected; however, it did
not meet expectations due to several drawbacks: additional costs for counterparties, limited
functionality, and insufficient protection against viral attacks. As a result, the company
transitioned to the “VCHASNO” service, implementing a specialized Vbox solution that enables the
processing of large volumes of documents within tight deadlines—signing up to 10,000 documents
in 30 minutes and processing XML documents with 100,000 rows in 3 minutes.</p>
        <p>Subsequently, to analyze the impact of digitalization on the company’s business processes,
correlation-regression analysis was applied. Suppose that the model is defined by multiple
regression:</p>
        <p>Y = a0 + a1 ∙ x1+ … + an ∙ xn,
where Y is a dependent variable, net revenue of LLC “Nova Post”; x1 is an amount of expenses
for implementing AI in business processes, invested in automation; x2 is an amount of expenses for
business process automation; x3 is the other non-current assets.</p>
        <p>Based on the correlation analysis of the company’s financial indicators, key factors influencing
the formation of LLC’s net profit were identified. Using the conducted analysis, the relationship
between the determined indicators was assessed with the application of Chaddock’s scale. This
allowed for the classification of the obtained correlation coefficient values, and the results of this
assessment are presented in Table 1.
The results of the correlation analysis indicate that there is a very strong relationship between net
revenue and all other analyzed indicators. The strongest correlation is observed between the
amount of expenses for AI implementation and total expenses for business process automation.
This suggests that when one factor changes, the other is also likely to change accordingly. Such a
strong correlation may complicate the analysis and the precise determination of each factor’s
impact on the dependent variable under study.</p>
        <p>To determine the specific type of relationship between different variables, a regression analysis
was conducted using MS Excel’s “Data Analysis/Regression” functionality. The results of this
analysis are presented in Fig. 1. The adjusted coefficient of determination R 2 is 0.96, indicating that
96% of the variance in the dependent variable is explained by changes in the independent variables.
The results of the variance analysis confirm that the obtained model is reliable based on Fisher’s
criterion Fр = 10,18 &gt; Ftable = 0,09, where Ftable =(1 − 0.95; ;  −  − 1).
So, we have that the regression equation and its coefficients are significant at the 95% confidence
level, that is, the influence of random factors is insignificant.</p>
        <p>From the regression analysis of the model factors, a correlation was found. For other factor
variables, an error occurs during the analysis in Ms Excel due to the lack of a correlation
relationship, which makes it impossible to obtain regression results.</p>
        <p>Fig. 2 shows the results of the regression analysis of the resulting indicator for each of the
identified factors. The results of the regression analysis show that for all indicators the P–value is
less than 0.5, which allows us to conclude that the coefficients are statistically significant. This
means that they are non–zero. Thus: the factorial feature of the amount of expenses for the
implementation of AI in business processes has a significant impact on the resulting indicator; the
factorial feature of total costs for business process automation also has an impact on the
performance indicator; the factorial feature of investments in other non-current assets is another
factor that affects the performance indicator. At the same time, it was found that the factorial
feature of the volume of costs for the implementation of AI in business processes has a more
influential result.
Starting in 2022, Nova Post LLC has set the goal of implementing and using AI in its activities.</p>
        <p>
          Let’s consider the activities of Nova Post with an emphasis on analyzing and forecasting costs
related to the cost of products sold. The analysis used information obtained from the company’s
official website [
          <xref ref-type="bibr" rid="ref16">16</xref>
          ] and the Julius neural network.
        </p>
        <p>From the research we have been able to obtain an assessment of the current state of costs,
identify key factors affecting the cost, and predict their dynamics in future periods. This approach
provides a deep understanding of the cost structure and contributes to the development of effective
measures for their optimization.</p>
        <p>Julius AI is a powerful tool with AI that analyzes and visualizes data in a matter of seconds,
making complex information accessible to everyone. The main advantages of Julius are: data
analysis becomes available to everyone; full automation of routine tasks; quick extraction of
valuable information from data; processing complex data sets; ensuring data protection. Thus,
using the Julius neural network to analyze the company’s expenses for the period from 2019 to
2023, the results presented in Fig. 3 were obtained.
The diagram shows the dynamics of growth in total costs with an accelerated increase in individual
categories.</p>
        <p>Based on historical data and the ARIMA model, a forecast of total costs for 2024 was developed,
which is UAH 33,005,406.70. In addition, a compound annual growth rate (CAGR) was calculated
for the period 2019-2023 using a neural network. It was 28.48%, which indicates that the total costs
of the enterprise increased by an average of 28.48% each year. This confirms the significant
expansion of the company’s activities.</p>
        <p>Analysis of the initial data allowed us to identify changes in costs by various categories for
2022–2023 (Table 2): Total costs increased by 59.13%; Expenses for maintenance and repair of fixed
assets increased by 349.69%, indicating a significant focus on supporting infrastructure. On the
other hand, categories such as rent and utility reimbursement showed a slight decrease. These
results highlight the importance of monitoring expenses by category to identify key growth drivers
and optimize resource management.</p>
      </sec>
      <sec id="sec-3-2">
        <title>Maintenance and repair of fixed assets</title>
      </sec>
      <sec id="sec-3-3">
        <title>Other expenses</title>
      </sec>
      <sec id="sec-3-4">
        <title>Communication services</title>
      </sec>
      <sec id="sec-3-5">
        <title>Compensation of utility costs</title>
      </sec>
      <sec id="sec-3-6">
        <title>Automotive services</title>
      </sec>
      <sec id="sec-3-7">
        <title>Partner remuneration</title>
      </sec>
      <sec id="sec-3-8">
        <title>Depreciation</title>
      </sec>
      <sec id="sec-3-9">
        <title>Material expenses for fuel</title>
      </sec>
      <sec id="sec-3-10">
        <title>Processing services</title>
      </sec>
      <sec id="sec-3-11">
        <title>Outsourcing services</title>
        <p>Salary and related expenses
2023
59.13
3.50
2.12
0.01
–0.10
–0.10
–0.13
–0.14
–0.36
–0.44
–0.68
–0.97
—
The final stage of the analysis was the use of the Julius neural network to build a forecast for 2024,
the results of which are presented in Fig. 4.</p>
        <p>In the graph, each line reflects the change in costs for a certain category. The dots on the lines
correspond to the actual data for the period 2019–2023, and the asterisks located at the end of each
line illustrate the forecast values for 2024.</p>
        <p>This approach allows you to clearly see the dynamics of costs for each category, as well as
assess expected changes, which helps in planning and managing the company’s resources.</p>
        <p>Analysis of the graph and forecasts allows us to draw the following conclusions: the category
“Partner remuneration” demonstrates the greatest expected growth, which may indicate an active
expansion of the company’s partner network; “Salaries and related expenses” also demonstrate
significant growth, probably due to staff expansion or salary increases; “Auto services”
demonstrate stable growth, which may be a result of fleet expansion or increased transportation
volumes; “Material costs and fuel” demonstrate moderate growth, which may be the result of cost
optimization in these categories; “Depreciation” shows an increase, which indicates investments in
new fixed assets. Other expense categories, such as “Outsourcing services”, may demonstrate less
significant growth or even a decrease.</p>
        <p>It is important to make sure that the forecast based on linear regression does not cover possible
external factors, such as the economic crisis, changes in legislation, or strategic decisions of the
company. Therefore, actual indicators may differ from the forecasted ones.</p>
        <p>To increase the accuracy of competitive forecasting: reduce additional external and internal
factors; use more complex forecasting models, such as neural networks or economic methods;
regularly update forecasts based on new data and changes in the business environment.</p>
        <p>Thus, constant monitoring and analysis of the activities of Nova Post remains the key to making
effective management decisions.</p>
        <p>T, the necessity of implementing AI in the management of Nova Poshta’s business processes has
been proven. Since the main objective of the company is to reduce logistics costs so that its share in
the total delivery cost remains minimal (currently, Nova Poshta has the highest delivery price), it is
essential to implement blockchain technologies in the cargo transportation process. Incorporating
blockchain into logistics operations will allow the company to optimize delivery routes, improve
transparency in transactions, and enhance the security of cargo tracking. Additionally, investment
projects focused on AI and blockchain will enable cost reductions, automation of documentation
processes, and an overall increase in service efficiency.</p>
        <p>The algorithm for using the platform based on blockchain technology by Nova Post is shown in
Fig. 5.
Thus, the implementation of blockchain technology in the activities of the LLC will ensure a
reduction in transportation costs; reduce data falsification; eliminate unnecessary intermediaries in
logistics processes; reduce errors in labeling and discrepancies in documentation; reduce the time
for document processing. At the same time, along with the advantages, the company faces a
number of problems:</p>
        <p>Different ways of storing data. The lack of unified database standards among developers of
blockchain solutions.</p>
        <p>Non-adaptability of IT algorithms. Modern software is not always ready to integrate new
methods;
Rapid development of technology. Constant changes in the blockchain field require
adaptation;
Data management in the international market. Difficulties arise due to the large number of
participants in global logistics processes.</p>
        <p>The need for technological development. Constant updating of technical knowledge and
skills of employees is mandatory.</p>
        <p>
          The implementation of blockchain in the activity makes a significant step towards increasing
the efficiency and transparency of business processes, but requires careful preparation and a
strategic approach to solving the above problems [
          <xref ref-type="bibr" rid="ref36 ref37">36, 37</xref>
          ].
        </p>
        <p>The mechanism of operation of the platform based on blockchain technology for cargo delivery
includes the following stages:
1. Registration of an application for cargo transportation.
2. Automatic route planning taking into account optimal logistics solutions.
3. Publication of offers of cargo exchange participants in accordance with the request.
4. Calculation of the full cost of transportation in automatic mode.
5. Determination of the winner of the auction who offered the best conditions.
6. Document flow: opening a new transport route.
7. Primary processing of payments, including prepayment or advance payment.
8. Registration of cargo insurance.
9. Tracking the delivery process in real time.
10. Registration of the route and maintenance of documentation.
11. Collection of feedback from transportation participants.
12. Final payment processing after successful completion of delivery.</p>
        <p>The proposed mechanism for transporting goods using blockchain for Nova Post is simplified,
but includes all the main stages. The use of this technology will significantly reduce the labor costs
of dispatchers and accountants of the enterprise, optimize the work of drivers, which will lead to a
significant reduction in time and financial resources.</p>
      </sec>
    </sec>
    <sec id="sec-4">
      <title>Conclusions</title>
      <p>Thus, this study shows the important role of digitalization and the use of digital technologies for
modern business. For this, the essence of the concept of “digital economy” was revealed. It was
confirmed that the digital economy is of strategic importance not only for the effective operation of
enterprises, but also for the functioning of the global system of public consumption. Digital
transformation covers all digital processes at different levels of management and regulation of
socio-economic spheres, which makes it a key factor in modern development. The study confirms
that digitalization is a key factor in improving the efficiency of modern enterprise management.
The integration of AI and blockchain technologies opens up new opportunities for optimizing
business processes, automating operations, and increasing the transparency of financial
transactions.</p>
      <p>To determine the level of enterprise digitalization, the stages and levels of enterprise
digitalization were analyzed. It was found that digital technologies have a transformative impact on
traditional business models and production chains, contributing to the creation of new products
and the introduction of innovations. It is noted that digitalization is becoming the basis for the
strategic development of enterprises, bringing production processes to a qualitatively new level.
The strategic context of enterprise development management within the framework of digital
transformation is presented.</p>
      <p>The study examines information technologies and analysis tools in the digital economy. It is
proven that digitalization of enterprise management is critically important for increasing their
efficiency and competitiveness in the modern market. The introduction of technologies such as AI,
cloud solutions and automation allows enterprises to adapt to changes more quickly, optimize
processes and make informed decisions. However, attention is drawn to the high cost of
implementing digital solutions and the need to ensure an adequate level of data protection. The
importance of using blockchain as a tool for ensuring security, transparency and decentralization
in the development of enterprises is emphasized.</p>
      <p>The work proves the need to introduce AI into the management of business processes of Nova
Post, therefore, the introduction of blockchain technologies into the freight and transport process is
proposed. Blockchain will help increase transaction security, reduce logistics costs, and optimize
operational processes. For this purpose, an algorithm for using a platform based on blockchain
technology of Nova Post has been formed. This will allow the enterprise to significantly reduce the
costs of paying dispatchers and accountants, simplify and facilitate the work of drivers, which in
turn leads to a significant reduction in time and, accordingly, the enterprise’s funds.</p>
      <p>Thus, investments in digital technologies, in particular in AI and blockchain, contribute to
reducing costs, increasing productivity, and ensuring the long-term competitiveness of enterprises.
Nova Post has significant potential for further development in the direction of digital
transformation, which will allow the company to remain a leader in the field of logistics and
implement innovative solutions to optimize business processes.
Declaration on Generative AI
While preparing this work, the authors used the AI programs Grammarly Pro to correct text
grammar and Strike Plagiarism to search for possible plagiarism. After using this tool, the authors
reviewed and edited the content as needed and took full responsibility for the publication’s content.</p>
    </sec>
  </body>
  <back>
    <ref-list>
      <ref id="ref1">
        <mixed-citation>
          [1]
          <string-name>
            <given-names>V.</given-names>
            <surname>Venger</surname>
          </string-name>
          , et al.,
          <article-title>Current State and Prospects for Expanding the Export of Domestic Industrial Products to Rapidly Developing Countries of Asia, Academy Rev</article-title>
          .
          <volume>1</volume>
          (
          <issue>60</issue>
          ) (
          <year>2024</year>
          )
          <fpage>216</fpage>
          -
          <lpage>231</lpage>
          . doi:
          <volume>10</volume>
          .32342/2074-5354-2024-1-
          <fpage>60</fpage>
          -16
        </mixed-citation>
      </ref>
      <ref id="ref2">
        <mixed-citation>
          [2]
          <string-name>
            <given-names>M.</given-names>
            <surname>Chyzhevska</surname>
          </string-name>
          , et al.,
          <source>Tokenomics and Perspectives of Proof of Stake, in: Digital Economy Concepts and Technologies</source>
          , vol.
          <volume>3665</volume>
          ,
          <year>2024</year>
          ,
          <fpage>61</fpage>
          -
          <lpage>69</lpage>
          .
        </mixed-citation>
      </ref>
      <ref id="ref3">
        <mixed-citation>
          [3]
          <string-name>
            <given-names>O.</given-names>
            <surname>Brintseva</surname>
          </string-name>
          ,
          <string-name>
            <given-names>O.</given-names>
            <surname>Bilovus</surname>
          </string-name>
          , Information Technologies in Enterprise Personnel Management: Current Trends,
          <source>Social and Labour Relations: Theory and Practice</source>
          ,
          <volume>1</volume>
          (
          <year>2018</year>
          )
          <fpage>264</fpage>
          -
          <lpage>271</lpage>
          .
        </mixed-citation>
      </ref>
      <ref id="ref4">
        <mixed-citation>
          [4]
          <string-name>
            <given-names>V.</given-names>
            <surname>Venger</surname>
          </string-name>
          ,
          <string-name>
            <given-names>N.</given-names>
            <surname>Romanovska</surname>
          </string-name>
          ,
          <string-name>
            <given-names>M.</given-names>
            <surname>Chyzhevska</surname>
          </string-name>
          ,
          <article-title>Integration of Ukraine to the Global Value Chains</article-title>
          ,
          <source>Comparative EconomiХc Research. Central and Eastern Europe</source>
          ,
          <volume>25</volume>
          (
          <issue>2</issue>
          ) (
          <year>2022</year>
          )
          <fpage>137</fpage>
          -
          <lpage>161</lpage>
          . doi:
          <volume>10</volume>
          .18778/
          <fpage>1508</fpage>
          -
          <lpage>2008</lpage>
          .
          <volume>25</volume>
          .17.
        </mixed-citation>
      </ref>
      <ref id="ref5">
        <mixed-citation>
          [5]
          <string-name>
            <given-names>M.</given-names>
            <surname>Chyzhevska</surname>
          </string-name>
          , et al.,
          <string-name>
            <given-names>A.</given-names>
            <surname>Desiatko</surname>
          </string-name>
          ,
          <article-title>Dual Impact of Crypto Industry Technologies on the Energy Poverty</article-title>
          ,
          <source>in: Cybersecurity Providing in Information and Telecommunication Systems</source>
          , vol.
          <volume>3421</volume>
          (
          <year>2023</year>
          )
          <fpage>293</fpage>
          -
          <lpage>299</lpage>
          .
        </mixed-citation>
      </ref>
      <ref id="ref6">
        <mixed-citation>
          [6]
          <string-name>
            <given-names>M.</given-names>
            <surname>Chyzhevska</surname>
          </string-name>
          , et al.,
          <article-title>Behavioral Biometry as a Cyber Security Tool</article-title>
          , in: Cybersecurity
          <source>Providing in Information and Telecommunication Systems</source>
          , vol.
          <volume>3188</volume>
          ,
          <year>2021</year>
          ,
          <fpage>88</fpage>
          -
          <lpage>97</lpage>
          .
        </mixed-citation>
      </ref>
      <ref id="ref7">
        <mixed-citation>
          [7]
          <string-name>
            <given-names>Y.</given-names>
            <surname>Kovtunenko</surname>
          </string-name>
          ,
          <source>Application of Artificial Intelligence in Enterprise Management System: Problems and Advantages</source>
          , Econom. J. Odessa Polytechnic University,
          <volume>2</volume>
          (
          <year>2019</year>
          )
          <fpage>95</fpage>
          -
          <lpage>97</lpage>
          . doi:
          <volume>10</volume>
          .5281/zenodo.4171114.
        </mixed-citation>
      </ref>
      <ref id="ref8">
        <mixed-citation>
          [8]
          <string-name>
            <given-names>N.</given-names>
            <surname>Chernenko</surname>
          </string-name>
          ,
          <source>Artificial Intelligence in Human Resources Management, Tavrian Scientific Bulletin</source>
          ,
          <volume>12</volume>
          (
          <year>2022</year>
          )
          <fpage>76</fpage>
          -
          <lpage>83</lpage>
          .
        </mixed-citation>
      </ref>
      <ref id="ref9">
        <mixed-citation>
          [9]
          <string-name>
            <given-names>H.</given-names>
            <surname>Hnatiienko</surname>
          </string-name>
          , et al.,
          <source>Some Aspects and Prospects of Artificial Intelligence Application in Educational Processes of the Agricultural Sector of the Economy, in: 8th International Scientific and Practical Conference “Applied Information Systems and Technologies in the Digital Society”</source>
          , vol.
          <volume>3942</volume>
          ,
          <year>2024</year>
          ,
          <fpage>26</fpage>
          -
          <lpage>43</lpage>
          .
        </mixed-citation>
      </ref>
      <ref id="ref10">
        <mixed-citation>
          [10]
          <string-name>
            <given-names>H.</given-names>
            <surname>Ostrovska</surname>
          </string-name>
          , О. Ostrovskyi,
          <source>Artificial Intelligence in Modern Businesses and Marketing Campaigns: Effective Tools and Development Prospects, Marketing and Digital Technologies</source>
          ,
          <volume>7</volume>
          (
          <year>2023</year>
          )
          <fpage>66</fpage>
          -
          <lpage>82</lpage>
          . doi:
          <volume>10</volume>
          .15276/mdt.7.3.
          <year>2023</year>
          .5
        </mixed-citation>
      </ref>
      <ref id="ref11">
        <mixed-citation>
          [11]
          <string-name>
            <given-names>O.</given-names>
            <surname>Andriichuk</surname>
          </string-name>
          ,
          <string-name>
            <given-names>S.</given-names>
            <surname>Kadenko</surname>
          </string-name>
          ,
          <string-name>
            <given-names>A.</given-names>
            <surname>Florek-Paszkowska</surname>
          </string-name>
          ,
          <article-title>Usage of Artificial Intelligence Tools for Improvement of Expert Formulations During Construction of Knowledge Bases of Decision Support Systems, in: Selected Papers of the XXIII International Scientific</article-title>
          and Practical Conference “Information Technologies and Security”, vol.
          <volume>3887</volume>
          ,
          <year>2023</year>
          ,
          <fpage>259</fpage>
          -
          <lpage>268</lpage>
          .
        </mixed-citation>
      </ref>
      <ref id="ref12">
        <mixed-citation>
          [12]
          <string-name>
            <given-names>G.</given-names>
            <surname>Mashliy</surname>
          </string-name>
          ,
          <string-name>
            <given-names>O.</given-names>
            <surname>Mosiy</surname>
          </string-name>
          ,
          <string-name>
            <given-names>M.</given-names>
            <surname>Pelcher</surname>
          </string-name>
          ,
          <article-title>Information Provided for Labor Relationship Management as Compositional Social Responsibility of Enterprises</article-title>
          , Galician Economic Bulletin,
          <volume>57</volume>
          (
          <year>2019</year>
          )
          <fpage>80</fpage>
          -
          <lpage>89</lpage>
          . doi:
          <volume>10</volume>
          .33108/galicianvisnyk_tntu2019.
          <fpage>02</fpage>
          .080
        </mixed-citation>
      </ref>
      <ref id="ref13">
        <mixed-citation>
          [13]
          <string-name>
            <given-names>L.</given-names>
            <surname>Verbivska</surname>
          </string-name>
          ,
          <article-title>Application of Artificial Intelligence Tools in Managing the Competitiveness of the Enterprise, Problems of Modern Transformations</article-title>
          . Series: Econom. Manag.
          <volume>10</volume>
          (
          <year>2023</year>
          ). doi:
          <volume>10</volume>
          .54929/
          <fpage>2786</fpage>
          -5738-2023-10-04-06
        </mixed-citation>
      </ref>
      <ref id="ref14">
        <mixed-citation>
          [14]
          <string-name>
            <surname>А. Kraevska</surname>
          </string-name>
          , et al.,
          <source>Trends and Factors of Business Competitiveness Management in Modern Conditions, Modeling the Development of the Economic Systems</source>
          ,
          <volume>2</volume>
          (
          <year>2023</year>
          )
          <fpage>173</fpage>
          -
          <lpage>178</lpage>
          . doi:
          <volume>10</volume>
          .31891/mdes/2023-8-23
        </mixed-citation>
      </ref>
      <ref id="ref15">
        <mixed-citation>
          [15]
          <string-name>
            <given-names>I.</given-names>
            <surname>Yevsieieva-Severyna</surname>
          </string-name>
          ,
          <string-name>
            <given-names>N.</given-names>
            <surname>Skopenko</surname>
          </string-name>
          ,
          <article-title>Artificial Intelligence as a Driver of the Development of Modern Business</article-title>
          ,
          <source>Theoretical and Applied Issues of Economics: A Collection of Scientific Papers</source>
          ,
          <volume>2</volume>
          (
          <year>2022</year>
          )
          <fpage>68</fpage>
          -
          <lpage>79</lpage>
          . doi:
          <volume>10</volume>
          .17721/tppe.
          <year>2022</year>
          .
          <volume>45</volume>
          .7
        </mixed-citation>
      </ref>
      <ref id="ref16">
        <mixed-citation>
          [16]
          <string-name>
            <given-names>Nova</given-names>
            <surname>Post</surname>
          </string-name>
          . URL: https://novapost.com/
        </mixed-citation>
      </ref>
      <ref id="ref17">
        <mixed-citation>
          [17]
          <string-name>
            <given-names>C.</given-names>
            <surname>Veretjuk</surname>
          </string-name>
          ,
          <string-name>
            <given-names>V.</given-names>
            <surname>Pilinsjkyj</surname>
          </string-name>
          ,
          <article-title>Determining Priority Areas for the Development of the Digital Economy in Ukraine</article-title>
          ,
          <source>Scientific notes of the Ukrainian Research Institute of Communications</source>
          ,
          <volume>2</volume>
          (
          <year>2016</year>
          )
          <fpage>51</fpage>
          -
          <lpage>58</lpage>
          .
        </mixed-citation>
      </ref>
      <ref id="ref18">
        <mixed-citation>
          [18]
          <string-name>
            <given-names>A.</given-names>
            <surname>Gholoborodjko</surname>
          </string-name>
          , Digital Economy: Approaches and Features of Development, BusinessInform,
          <volume>9</volume>
          (
          <year>2022</year>
          )
          <fpage>10</fpage>
          -
          <lpage>18</lpage>
          . doi:
          <volume>10</volume>
          .32983/
          <fpage>2222</fpage>
          -4459-2022-9-
          <fpage>10</fpage>
          -18
        </mixed-citation>
      </ref>
      <ref id="ref19">
        <mixed-citation>
          [19]
          <string-name>
            <given-names>O.</given-names>
            <surname>Dannikov</surname>
          </string-name>
          ,
          <string-name>
            <given-names>K.</given-names>
            <surname>Sichkarenko</surname>
          </string-name>
          ,
          <article-title>Conceptual Principles of Digitalization of the Economy of Ukraine</article-title>
          , Market Infrastructure,
          <volume>17</volume>
          (
          <year>2018</year>
          )
          <fpage>73</fpage>
          -
          <lpage>79</lpage>
          .
        </mixed-citation>
      </ref>
      <ref id="ref20">
        <mixed-citation>
          [20]
          <string-name>
            <given-names>N.</given-names>
            <surname>Ghavrylenko</surname>
          </string-name>
          ,
          <string-name>
            <surname>I. Tarasenko</surname>
          </string-name>
          ,
          <article-title>Modern Trends of Digitalization of the Economy: Problems and Prospects for Development</article-title>
          ,
          <source>Int. Sci. J. Internauka</source>
          ,
          <volume>3</volume>
          (
          <issue>47</issue>
          ),
          <volume>1</volume>
          (
          <year>2021</year>
          )
          <fpage>36</fpage>
          -
          <lpage>46</lpage>
          .
        </mixed-citation>
      </ref>
      <ref id="ref21">
        <mixed-citation>
          [21]
          <article-title>Ukraine 2030 E-Country with a Developed Digital Economy, Ukrainian Institute of the Future</article-title>
          . URL: https://strategy.uifuture.org/kraina-z
          <article-title>-rozvinutoyu-cifrovoyu-ekonomikoyu</article-title>
          .html
        </mixed-citation>
      </ref>
      <ref id="ref22">
        <mixed-citation>
          [22]
          <string-name>
            <given-names>V.</given-names>
            <surname>Tupkalo</surname>
          </string-name>
          , Digital Economy:
          <article-title>Changing the Paradigm of Enterprise Management, Economic Bulletin of NTUU “Kyivskyi politekhnichnyi instytut</article-title>
          ”,
          <volume>19</volume>
          (
          <year>2021</year>
          )
          <fpage>177</fpage>
          -
          <lpage>181</lpage>
          .
        </mixed-citation>
      </ref>
      <ref id="ref23">
        <mixed-citation>
          [23]
          <string-name>
            <given-names>T.</given-names>
            <surname>Obydjennova</surname>
          </string-name>
          ,
          <string-name>
            <given-names>V.</given-names>
            <surname>Vasyljjev</surname>
          </string-name>
          , Digital Technologies in Enterprise Management: Theoretical Aspect,
          <source>Adaptive Management: Theory and Practice</source>
          ,
          <volume>15</volume>
          (
          <issue>30</issue>
          ) (
          <year>2023</year>
          ).
        </mixed-citation>
      </ref>
      <ref id="ref24">
        <mixed-citation>
          [24]
          <string-name>
            <surname>I. Tokmakova</surname>
          </string-name>
          ,
          <article-title>Strategic Management of Enterprise Development in the Context of Digitalization of the Economy</article-title>
          ,
          <source>Bull. Econ</source>
          . Transp. Ind.,
          <volume>64</volume>
          (
          <year>2018</year>
          )
          <fpage>283</fpage>
          -
          <lpage>291</lpage>
          .
        </mixed-citation>
      </ref>
      <ref id="ref25">
        <mixed-citation>
          [25]
          <string-name>
            <given-names>V.</given-names>
            <surname>Tsiupak</surname>
          </string-name>
          ,
          <string-name>
            <given-names>A.</given-names>
            <surname>Bodnar</surname>
          </string-name>
          ,
          <string-name>
            <given-names>A.</given-names>
            <surname>Romaniuk</surname>
          </string-name>
          ,
          <article-title>Introduction of Digital Technologies in Enterprise Management: Opportunities and Challenges</article-title>
          ,
          <source>Economic Analysis</source>
          ,
          <volume>34</volume>
          (
          <issue>2</issue>
          ) (
          <year>2023</year>
          ).
          <source>doi:10.35774/econa2024.02.465</source>
        </mixed-citation>
      </ref>
      <ref id="ref26">
        <mixed-citation>
          [26]
          <string-name>
            <given-names>O.</given-names>
            <surname>Burykin</surname>
          </string-name>
          ,
          <article-title>Analysis of Forms and Types of Digital Technologies and Their Impact on Modern Society in a Dynamic Market Environment, Econom</article-title>
          . Bulletin of Dnipro University of Technology,
          <volume>1</volume>
          (
          <year>2024</year>
          )
          <fpage>56</fpage>
          -
          <lpage>64</lpage>
          . doi:
          <volume>10</volume>
          .33271/ebdut/85.054
        </mixed-citation>
      </ref>
      <ref id="ref27">
        <mixed-citation>
          [27]
          <string-name>
            <given-names>V.</given-names>
            <surname>Dudykevych</surname>
          </string-name>
          , et al.,
          <article-title>Platform for the Security of Cyber-Physical Systems and the IoT in the Intellectualization of Society</article-title>
          ,
          <source>in: Workshop on Cybersecurity Providing in Information and Telecommunication Systems, CPITS</source>
          , vol.
          <volume>3654</volume>
          (
          <year>2024</year>
          )
          <fpage>449</fpage>
          -
          <lpage>457</lpage>
          .
        </mixed-citation>
      </ref>
      <ref id="ref28">
        <mixed-citation>
          [28]
          <string-name>
            <given-names>B.</given-names>
             
            <surname>Zhurakovskyi</surname>
          </string-name>
          , et al.,
          <source>Secured Remote Update Protocol in IoT Data Exchange System, in: Cybersecurity Providing in Inf. and Telecommunication Systems</source>
          , vol.
          <volume>3421</volume>
          (
          <year>2023</year>
          )
          <fpage>67</fpage>
          -
          <lpage>76</lpage>
          .
        </mixed-citation>
      </ref>
      <ref id="ref29">
        <mixed-citation>
          [29]
          <string-name>
            <given-names>O.</given-names>
             
            <surname>Shevchenko</surname>
          </string-name>
          , et al.,
          <article-title>Methods of the Objects Identification and Recognition Research in the Networks with the IoT Concept Support</article-title>
          ,
          <source>in: Cybersecurity Providing in Information and Telecommunication Systems</source>
          , vol.
          <volume>2923</volume>
          (
          <year>2021</year>
          )
          <fpage>277</fpage>
          -
          <lpage>282</lpage>
          .
        </mixed-citation>
      </ref>
      <ref id="ref30">
        <mixed-citation>
          [30]
          <string-name>
            <given-names>V.</given-names>
             
            <surname>Zhebka</surname>
          </string-name>
          , et al.,
          <article-title>Methodology for Predicting Failures in a Smart Home based on Machine Learning Methods</article-title>
          ,
          <source>in: Cybersecurity Providing in Information and Telecommunication Systems, CPITS</source>
          , vol.
          <volume>3654</volume>
          (
          <year>2024</year>
          )
          <fpage>322</fpage>
          -
          <lpage>332</lpage>
          .
        </mixed-citation>
      </ref>
      <ref id="ref31">
        <mixed-citation>
          [31]
          <string-name>
            <given-names>V.</given-names>
             
            <surname>Prokhorova</surname>
          </string-name>
          ,
          <string-name>
            <given-names>Y.</given-names>
             
            <surname>Yanchak</surname>
          </string-name>
          ,
          <string-name>
            <surname>Y.</surname>
          </string-name>
           
          <article-title>Shcherbyna, Digital Economy Tools in the Context of Increasing the Efficiency of Industrial Enterprises</article-title>
          , Business-Inform,
          <volume>3</volume>
          (
          <year>2024</year>
          )
          <fpage>174</fpage>
          -
          <lpage>182</lpage>
          . doi:
          <volume>10</volume>
          .32983/
          <fpage>2222</fpage>
          -4459-2024-3-
          <fpage>174</fpage>
          -182
        </mixed-citation>
      </ref>
      <ref id="ref32">
        <mixed-citation>
          [32]
          <string-name>
            <given-names>T.</given-names>
             
            <surname>Yanchuk</surname>
          </string-name>
          ,
          <string-name>
            <surname>O.</surname>
          </string-name>
           
          <article-title>Boienko, Implementation of CRM Systems as a Means of Increasing the Effectiveness of Marketing Activities</article-title>
          ,
          <source>Economy and Society</source>
          ,
          <volume>48</volume>
          (
          <year>2023</year>
          ).
        </mixed-citation>
      </ref>
      <ref id="ref33">
        <mixed-citation>
          <source>[33] I. </source>
          <string-name>
            <surname>Yackevich</surname>
            ,
            <given-names>N.</given-names>
          </string-name>
           
          <string-name>
            <surname>Krasnostanova</surname>
          </string-name>
          , Digital Technologies in Entrepreneurial Activity,
          <source>Economic Bulletin of the Dnipro Polytechnic Institute</source>
          ,
          <volume>1</volume>
          (
          <year>2021</year>
          )
          <fpage>38</fpage>
          -
          <lpage>44</lpage>
          .
        </mixed-citation>
      </ref>
      <ref id="ref34">
        <mixed-citation>
          [34]
          <string-name>
            <surname>“Nova Poshta” Presented Innovative Technologies</surname>
          </string-name>
          (
          <year>2024</year>
          ). URL: https://www.retailers.ua/news/ tehnologii/13331-nova
          <article-title>-poshta-predstavila-innovatsiyni-tehnologiyi-sered-nih--roborukarobot-kolaborant-ta-zebra-kameri</article-title>
        </mixed-citation>
      </ref>
      <ref id="ref35">
        <mixed-citation>
          <source>[35] Management Report of Nova Post</source>
          for
          <year>2023</year>
          . URL: https://site-assets.
          <source>novapost.com/80e16b00- a8d4-40b4-9695-6638924e91e2</source>
          .pdf
        </mixed-citation>
      </ref>
      <ref id="ref36">
        <mixed-citation>
          [36]
          <string-name>
            <given-names>V.</given-names>
             
            <surname>Zhebka</surname>
          </string-name>
          , et al.,
          <article-title>Methodology for Choosing a Consensus Algorithm for Blockchain Technology</article-title>
          ,
          <source>in: Digital Economy Concepts and Technologies Workshop</source>
          , DECaT, vol.
          <volume>3665</volume>
          (
          <year>2024</year>
          )
          <fpage>106</fpage>
          -
          <lpage>113</lpage>
          .
        </mixed-citation>
      </ref>
      <ref id="ref37">
        <mixed-citation>
          [37]
          <string-name>
            <given-names>D.</given-names>
             
            <surname>Virovets</surname>
          </string-name>
          , et al.,
          <source>Integration of Smart Contracts and Artificial Intelligence using Cryptographic Oracles</source>
          , in: Classic, Quantum, and
          <string-name>
            <surname>Post-Quantum</surname>
            <given-names>Cryptography</given-names>
          </string-name>
          , vol.
          <volume>3829</volume>
          (
          <year>2024</year>
          )
          <fpage>39</fpage>
          -
          <lpage>46</lpage>
          .
        </mixed-citation>
      </ref>
    </ref-list>
  </back>
</article>