Integrating Blockchain Platforms With Big Data Solutions for Regional Innovation Development

Abstract

The chapter discusses the creation of a mechanism for ensuring reliable and secure interaction among participants in regional innovation systems based on the establishment of smart contracts in the blockchain. The technology allows to reduce the possibility of fraud by dishonest participants, as well as to exclude the need for a third party by transferring its functions to a smart contract. This is important for ensuring confidential and transparent relations between participants in innovative projects, as well as with interested subjects of social and economic activities in the regions. The Ethereum blockchain platform was chosen to create smart contracts. On its basis, there were developed components to perform transactions in contracting, creating, and implementing innovations, transferring intellectual property rights, using rights and licenses for innovation, etc. The main component of the system is a distributed transaction register with digital copies of innovation objects.