The Effect of the Blockchain on the International Trade

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Year-Number: 2023-52
Yayımlanma Tarihi: 2023-12-17 21:35:42.0
Language : İngilizce
Konu : İşletme
Number of pages: 1359-1369
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Abstract

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Abstract

Considering the current and potential opportunities offered by blockchain technology in many areas, it can be understood that how current and future international trade will be affected by blockchain technology will be among the topics of interest. In this context, it is essential to understand the effect of blockchain technology on international trade for institutions that regulate international trade, businesses, academics and others. This study aims to examine the effect of blockchain technology on international trade in a scope (Web of Science, Scopus, Science and Direct databases) that has not been previously examined in the international literature. As a result of this research, it has been understood that the studies in the literature have many effects of blockchain technology, such as cost reduction in international trade, delivery times, performance, facilitation, data security, information sharing and documentation, reliability of the international commercial credit evaluation system, practices, policies and strategies. In addition, in some studies, it has been determined that there are suggestions on how blockchain technology can be used in international trade, such as a blockchain-based letter of credit trading process and a blockchain-based logistics platform. This study is expected to provide useful information to explain the impact of blockchain on international trade.

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