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Blockchain Technology and its Impact on International Trade. What does the Future Hold?

Blockchain Technology and its Impact on International Trade. What does the Future Hold? PDF Author: Mehedi Hasan
Publisher: GRIN Verlag
ISBN: 3346514463
Category : Business & Economics
Languages : en
Pages : 91

Book Description
Master's Thesis from the year 2021 in the subject Business economics - Miscellaneous, grade: Merit, University of Salford, course: International Business, language: English, abstract: The research aimed to analyse the impact of blockchain technology on international trade and find out how blockchain technology can improve the various fields of international trade. The research also intended to find the challenges regarding the implementation of blockchain technology in international trade to help companies achieve successful collaboration and understand what requirements need to be met in advance. The literature review of this research covered the fundamentals of blockchain technology, blockchain's role in facilitating supply chain and trade finance, the impact and adoption of blockchain technology, and blockchain implementation's key challenges. A qualitative approach was used based on 12 semi-structured in-depth interviews with ten companies operating in different business fields and two blockchain specialists to obtain empirical data. This research found that blockchain technology has significantly impacted international trade by improving supply chain efficiency, reducing the complexity of the paper-based trade process, and enabling faster cross-border payments. The empirical findings presented that blockchain can facilitate the supply chain by providing a high level of transparency and better product traceability. Furthermore, the findings showed that smart contracts could facilitate trade finance by providing automatic payments and eliminating intermediaries and blockchain-based ICOs could be a great fundraising option for innovative projects. However, this research also found that the large-scale implementation of blockchain in trade finance is still not possible due to government regulations. Blockchain technology ensures to transform the supply chain and trade finance and reduce the complexity of the current international trade process. However, some critical challenges are associated with blockchain implementation, and some essential requirements need to be met in advance for successful implementation, which was discussed in this research. Furthermore, several suggestions regarding the large-scale implementation of blockchain in trade finance were presented. The empirical findings will help companies develop their adoption strategies and prepare to implement the technology in the trade process. Furthermore, the findings of this research can bring new insight into the policymaking process regarding the implementation of blockchain in trade finance.

Blockchain Technology and its Impact on International Trade. What does the Future Hold?

Blockchain Technology and its Impact on International Trade. What does the Future Hold? PDF Author: Mehedi Hasan
Publisher: GRIN Verlag
ISBN: 3346514463
Category : Business & Economics
Languages : en
Pages : 91

Book Description
Master's Thesis from the year 2021 in the subject Business economics - Miscellaneous, grade: Merit, University of Salford, course: International Business, language: English, abstract: The research aimed to analyse the impact of blockchain technology on international trade and find out how blockchain technology can improve the various fields of international trade. The research also intended to find the challenges regarding the implementation of blockchain technology in international trade to help companies achieve successful collaboration and understand what requirements need to be met in advance. The literature review of this research covered the fundamentals of blockchain technology, blockchain's role in facilitating supply chain and trade finance, the impact and adoption of blockchain technology, and blockchain implementation's key challenges. A qualitative approach was used based on 12 semi-structured in-depth interviews with ten companies operating in different business fields and two blockchain specialists to obtain empirical data. This research found that blockchain technology has significantly impacted international trade by improving supply chain efficiency, reducing the complexity of the paper-based trade process, and enabling faster cross-border payments. The empirical findings presented that blockchain can facilitate the supply chain by providing a high level of transparency and better product traceability. Furthermore, the findings showed that smart contracts could facilitate trade finance by providing automatic payments and eliminating intermediaries and blockchain-based ICOs could be a great fundraising option for innovative projects. However, this research also found that the large-scale implementation of blockchain in trade finance is still not possible due to government regulations. Blockchain technology ensures to transform the supply chain and trade finance and reduce the complexity of the current international trade process. However, some critical challenges are associated with blockchain implementation, and some essential requirements need to be met in advance for successful implementation, which was discussed in this research. Furthermore, several suggestions regarding the large-scale implementation of blockchain in trade finance were presented. The empirical findings will help companies develop their adoption strategies and prepare to implement the technology in the trade process. Furthermore, the findings of this research can bring new insight into the policymaking process regarding the implementation of blockchain in trade finance.

Blockchain Technologies and Applications for Digital Governance

Blockchain Technologies and Applications for Digital Governance PDF Author: Nijalingappa, Pradeep
Publisher: IGI Global
ISBN: 1799884953
Category : Law
Languages : en
Pages : 266

Book Description
Since its inception, blockchain has evolved to become a crucial trending technology that massively impacts the fast-paced digital world. It has been a game-changing technology that is underpinned with cryptocurrencies like Ethereum and Bitcoin that eventually closed the doors for hacking activities. As blockchain is utilized across areas such as banking, voting, finance, healthcare, and manufacturing, it is important to examine the current trends, difficulties, opportunities, and future directions in order to utilize its full potential. Blockchain Technologies and Applications for Digital Governance addresses the impacts and future trends of blockchain, particularly for digital governance, and demonstrates the applications of blockchain in digital governance using case studies. Covering a range of topics from cybersecurity to real estate tokenization, it is ideal for industry professionals, researchers, academicians, instructors, practitioners, and students.

Can Blockchain Revolutionize International Trade?

Can Blockchain Revolutionize International Trade? PDF Author: Emmanuelle Ganne
Publisher:
ISBN: 9789287047618
Category : Blockchains (Databases)
Languages : en
Pages : 0

Book Description
Trade has always been shaped by technological innovation. In recent times, a new technology, Blockchain, has been greeted by many as the next big game-changer. Can Blockchain revolutionize international trade? This publication seeks to demystify the Blockchain phenomenon by providing a basic explanation of the technology. It analyses the relevance of this technology for international trade by reviewing how it is currently used or can be used in the various areas covered by WTO rules. In doing so, it provides an insight into the extent to which this technology could affect cross-border trade in goods and services, and intellectual property rights. It discusses the potential of Blockchain for reducing trade costs and enhancing supply chain transparency as well as the opportunities it provides for small-scale producers and companies. Finally, it reviews various challenges that must be addressed before the technology can be used on a wide scale and have a significant impact on international trade.

How Blockchain Technology Is Reshaping International Trade in Goods

How Blockchain Technology Is Reshaping International Trade in Goods PDF Author: Toluwabori Magbagbeola
Publisher:
ISBN:
Category :
Languages : en
Pages : 87

Book Description


White Paper Blockchain in Trade Facilitation

White Paper Blockchain in Trade Facilitation PDF Author: United Nations
Publisher:
ISBN: 9789211172546
Category : Political Science
Languages : en
Pages : 158

Book Description
Blockchain technology is one of the most talked about topics in the sphere of information technology as well as in the facilitation of electronic business. The cryptocurrency Blockchain applications are well known and well-publicized, however, this technology has the potential to influence the way that we do business today, as its use expands to new areas. Blockchain, which is one form of Distributed Ledger Technology (DLT), offers opportunities to increase the reliability and security of trade transactions. The repetition of data among multiple ledgers in a network, as well as the immutability of information after it has been integrated into the Blockchain, can increase levels of confidence for both traders and regulators.

Big Data and Global Trade Law

Big Data and Global Trade Law PDF Author: Mira Burri
Publisher: Cambridge University Press
ISBN: 110884359X
Category : Business & Economics
Languages : en
Pages : 407

Book Description
An exploration of the current state of global trade law in the era of Big Data and AI. This title is also available as Open Access on Cambridge Core.

Blockchain

Blockchain PDF Author: Noah Gladwyn
Publisher: Createspace Independent Publishing Platform
ISBN: 9781983493287
Category :
Languages : en
Pages : 168

Book Description
The blockchain is a new revolution in the field of technology. This technology is in developmental stages; therefore, a number of people don't know about it. There are lots of hypes and questions surrounding about blockchain, bitcoin, and cryptocurrencies. As a result, numerous people have incomplete information of this transformative technology. This book is designed to offer you maximum details about blockchain and cryptocurrencies. If you want good information about future, implication, and effects of blockchain technology, this can be a good book for you. After reading this book, you will be able to understand blockchain, bitcoin, and its uses. The book offers: + What is blockchain? And An Overview and Uses of Blockchain + Role of Blockchain in Economy and Financial Services + Understand the Future of the Blockchain and its Impact on Industries + Challenges for Blockchain Technology + Basic Terminology of Blockchain and Financial Market + A Guide for the Beginners to Advance Traders + Strategies to Secure Information and Data with Blockchain Read this book and explore the world of blockchain and its wonders for your life.

The Blockchain Future

The Blockchain Future PDF Author: Robert Seymour
Publisher:
ISBN:
Category :
Languages : en
Pages : 180

Book Description
If you want to understand the whole new universe of Blockchain and Crypto technology then keep reading... This whole new world of Blockchain and Cryptocurrency that has exploded has made an impact that is hard to comprehend. Understanding the jargon is only the start of the journey. Governments, businesses, investors large and small not to mention the 'man in the street' that are trying to make sense of it all and if it will effect their lives personally and in their work environment. Well, it will effect everyone! And, very soon, if not already. The speed of Blockchain and Cryptocurrency development has never been seen before since the invention of the Internet. But, it's growing at over 100 times faster than the adoption of the Internet. But, don't panic... This book that is written for everyone who is interested in Crypto and Blockchain. It will provide an understanding of this amazing technology and the use cases that will impact our very existence. From the inception of Bitcoin to the alternative Cryptocurrencies to where the underlining technology is being utilized to make efficiencies in the real world. Every country in the world is adopting Blockchain technology in some form to provide their economies their ability to re-establish their internal structures. From being able to make purchases with Crypto such as groceries, cars, houses, holidays to making international payments within minutes at little cost. But, where the Blockchain really makes a difference are Smart Contracts. These contracts enable fast executable agreements between parties that are safe, secure and cannot be changed without all parties agreeing. We have brand new applications from gaming, trading, social media, banking, music, art and every conceivable idea that can be built without the need for huge infrastructure. This book will provide you with an easy read and without too much jargon of how it all started and a holistic view of where it's going! In this book you will discover: 87 most common used terminologies The rise of Cryptocurrency and Blockchain The technology that makes it all work The impact of being your own bank How the financial institutions are joining in the fun How social media will change That privacy does actually matter Use cases that you can experience now What the future will hold for you How fast new business models are happening What are NFTS and so much more... If you need to understand this whole new amazing technology, then scroll up and click the "Add to Cart" button now!

Blockchain Revolution

Blockchain Revolution PDF Author: Don Tapscott
Publisher: Portfolio
ISBN: 9781101980132
Category : Banks and banking
Languages : en
Pages : 0

Book Description
The technology likely to have the greatest impact on the future of the world economy has arrived, and it's not self-driving cars, solar energy, or artificial intelligence. It's called the blockchain. The first generation of the digital revolution brought us the Internet of information. The second generaƯtion-powered by blockchain technology-is bringing us the Internet of value: a new, distributed platform that can help us reshape the world of business and transform the old order of human affairs for the better. Blockchain is the ingeniously simple, revolutionƯary protocol that allows transa.

Can Blockchain Revolutionize International Trade?

Can Blockchain Revolutionize International Trade? PDF Author: Emmanuelle Ganne
Publisher:
ISBN: 9789287047618
Category : Blockchains (Databases)
Languages : en
Pages : 0

Book Description
Trade has always been shaped by technological innovation. In recent times, a new technology, Blockchain, has been greeted by many as the next big game-changer. Can Blockchain revolutionize international trade? This publication seeks to demystify the Blockchain phenomenon by providing a basic explanation of the technology. It analyses the relevance of this technology for international trade by reviewing how it is currently used or can be used in the various areas covered by WTO rules. In doing so, it provides an insight into the extent to which this technology could affect cross-border trade in goods and services, and intellectual property rights. It discusses the potential of Blockchain for reducing trade costs and enhancing supply chain transparency as well as the opportunities it provides for small-scale producers and companies. Finally, it reviews various challenges that must be addressed before the technology can be used on a wide scale and have a significant impact on international trade.