FORMS OF DIGITALIZATION OF ECONOMIC LEGAL RELATIONS

Abstract

Abstract. The article is devoted to the analysis of the forms (means, types) of digitization of business entities through the emergence and implementation of economic legal relations. Digitization is not a goal, but a continuous process, thanks to which modern digital achievements are embodied in the activities of enterprises, as a result of which they are not tied to any physical asset. For successful business transformation, it is necessary to develop a clear strategy, invest in technology and develop personnel competencies. The main modern forms of digitization are: electronic document circulation, which involves the transition from paper documents to electronic ones; e-commerce, thanks to which goods and services are sold over the Internet; Internet marketing, the purpose of which is to promote goods and services on the Internet; industry 4.0, the application of which allows the automation of production processes with the help of digital technologies and the use of robots, sensors, and artificial intelligence. The specified forms are objects of economic and legal regulation and economic relations. As a result of digitalization, digital economic legal relations appear, which represent a set of legal relationships that arise in the process of conducting economic activities with the help of digital technologies. These relationships cover a wide range of interactions between economic entities, consumers and the state in the digital environment. Features of digital economic legal relations include: virtuality, that is, many processes take place in the digital space, without physical contact between subjects; globality, which means the absence of geographical limitations when implemented in practice, which allows doing business on a worldwide scale; speed, that is, transactions are carried out instantly, information is distributed at a tremendous speed; anonymity, which often allows not to identify the exact identity of a participant in legal relations and new types of property, namely: digital assets, cryptocurrencies, intellectual property in digital format.