The Use of Blockchain Technologies in Transport Transactions

The article is devoted to the implementation of blockchain technology in transport transactions and the impact of this technology on the features of concluding and executing transactions in the transport sector. Blockchain technology is a key element of smart contracts, as a type of electronic transactions in the transport sector. Blockchain technology provides new opportunities for the security of concluding transactions, but the key issue in regulating such transactions is the identification of transaction subjects, as well as data protection from unlawful encroachment. A smart contract allows the full use of artificial intelligence technologies in the transport sector both for concluding and monitoring the execution of a transaction. The problem with regulatory frameworks is that most countries do not have specific regulations, but allow the use of blockchain-based tools, such as smart contracts and electronic bills of lading. However, recent changes to digital asset legislation, allowing for settlements in cryptocurrency, indicate a trend towards permissive regulation of blockchain technology, which will lead to greater adoption of this technology in the transport sector.