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  <front>
    <journal-meta>
      <journal-id journal-id-type="publisher-id">RFDS</journal-id>
      <journal-title-group>
        <journal-title>Regional Formation and Development Studies</journal-title>
      </journal-title-group>
      <issn pub-type="epub">2029-9370</issn>
      <issn pub-type="ppub">2029-9370</issn>
      <publisher>
        <publisher-name>KU</publisher-name>
      </publisher>
    </journal-meta>
    <article-meta>
      <article-id pub-id-type="publisher-id">02_MATYSKIEVIC</article-id>
      <article-id pub-id-type="doi">10.15181/rfds.v31i2.2094</article-id>
      <article-categories>
        <subj-group subj-group-type="heading">
          <subject>Article</subject>
        </subj-group>
      </article-categories>
      <title-group>
        <article-title>The Economic Advantages of Blockchain Technology in E-Procurement</article-title>
      </title-group>
      <contrib-group>
        <contrib contrib-type="Author">
          <name>
            <surname>Matyskevic</surname>
            <given-names>Jurij</given-names>
          </name>
          <email xlink:href="mailto:jmatyskevic@dxc.com">jmatyskevic@dxc.com</email>
          <xref ref-type="aff" rid="j_RFDS_aff_000"/>
        </contrib>
        <aff id="j_RFDS_aff_000">DXC Technology</aff>
        <contrib contrib-type="Author">
          <name>
            <surname>Kremer-Matyskevic</surname>
            <given-names>Inna</given-names>
          </name>
          <email xlink:href="mailto:inna_kremer@hotmail.com">inna_kremer@hotmail.com</email>
          <xref ref-type="aff" rid="j_RFDS_aff_001"/>
        </contrib>
        <aff id="j_RFDS_aff_001">Mykolas Romeris University</aff>
      </contrib-group>
      <volume>31</volume>
      <issue>2</issue>
      <fpage>17</fpage>
      <lpage>27</lpage>
      <permissions>
        <ali:free_to_read xmlns:ali="http://www.niso.org/schemas/ali/1.0/"/>
      </permissions>
      <abstract>
        <p>This article aims to review economic advantages of the one of the most modern cutting edge technologies, namely blockchain for eProcurement. As eProcurement (including its part – Supply chain) is a concept consisting of plenty of different processes, therefore specific advantages per such major different processes are explained. Assumptions and pre-conditions of Blockchain application are explained. Article‘s main conclusion is that due to the main characteristics of Blockchain technology (safety, transparency, reliability, speed and cost efficiency) payment settlement and products‘ shipping tracking/inventory management are  eProcurement‘s phases that could benefit from this technology the most, among others (such as analysis – requirements‘ gathering, sourcing/vendors‘ selection and contract management cycle).</p>
      </abstract>
      <kwd-group>
        <label>Keywords</label>
        <kwd>Blockchain</kwd>
        <kwd>eProcurement</kwd>
        <kwd>Supply chain</kwd>
        <kwd>Technology application</kwd>
      </kwd-group>
      <kwd-group kwd-group-type="JEL CODES">
        <label>JEL CODES</label>
        <kwd>O31</kwd>
        <kwd>O32</kwd>
      </kwd-group>
    </article-meta>
  </front>
</article>
