Application of Blockchain in International Trade: An Overview
The purpose of this paper is to present the potential advantages of using blockchain technology in the field of international trade. Blockchain, known as one of the disruptive technologies of the moment, will bring important changes to the process of specific foreign trade operations. In this paper,...
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| Format: | Article |
| Language: | English |
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Editura ASE Bucuresti
2019-03-01
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| Series: | Romanian Economic Journal |
| Subjects: | |
| Online Access: | http://www.rejournal.eu/sites/rejournal.versatech.ro/files/articole/2019-04-01/3547/1belu.pdf |
| _version_ | 1818116155452162048 |
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| author | Mihaela Gabriela Belu |
| author_facet | Mihaela Gabriela Belu |
| author_sort | Mihaela Gabriela Belu |
| collection | DOAJ |
| description | The purpose of this paper is to present the potential advantages of using blockchain technology in the field of international trade. Blockchain, known as one of the disruptive technologies of the moment, will bring important changes to the process of specific foreign trade operations. In this paper, there are presented elements specific to the blockchain technology, its underlying principles, but also the areas in which this technology can be applied. Referring to the academic literature and various online sources, we identified blockchain-based applications in the international trade field (logistics and financial scope) and we highlighted the potential benefits of this technology. |
| first_indexed | 2024-12-11T04:18:01Z |
| format | Article |
| id | doaj.art-cf6c99560070465d8fad64c23210626a |
| institution | Directory Open Access Journal |
| issn | 1454-4296 2286-2056 |
| language | English |
| last_indexed | 2024-12-11T04:18:01Z |
| publishDate | 2019-03-01 |
| publisher | Editura ASE Bucuresti |
| record_format | Article |
| series | Romanian Economic Journal |
| spelling | doaj.art-cf6c99560070465d8fad64c23210626a2022-12-22T01:21:12ZengEditura ASE BucurestiRomanian Economic Journal1454-42962286-20562019-03-01XXII71216Application of Blockchain in International Trade: An OverviewMihaela Gabriela Belu 0The International Business and Economics Department, The Bucharest University of Economic Studies, Bucharest, Romania, belumihaela@gmail..comThe purpose of this paper is to present the potential advantages of using blockchain technology in the field of international trade. Blockchain, known as one of the disruptive technologies of the moment, will bring important changes to the process of specific foreign trade operations. In this paper, there are presented elements specific to the blockchain technology, its underlying principles, but also the areas in which this technology can be applied. Referring to the academic literature and various online sources, we identified blockchain-based applications in the international trade field (logistics and financial scope) and we highlighted the potential benefits of this technology.http://www.rejournal.eu/sites/rejournal.versatech.ro/files/articole/2019-04-01/3547/1belu.pdfblockchaindistributed ledger technologyinternational tradelogisticsSupply Chain Management |
| spellingShingle | Mihaela Gabriela Belu Application of Blockchain in International Trade: An Overview Romanian Economic Journal blockchain distributed ledger technology international trade logistics Supply Chain Management |
| title | Application of Blockchain in International Trade: An Overview |
| title_full | Application of Blockchain in International Trade: An Overview |
| title_fullStr | Application of Blockchain in International Trade: An Overview |
| title_full_unstemmed | Application of Blockchain in International Trade: An Overview |
| title_short | Application of Blockchain in International Trade: An Overview |
| title_sort | application of blockchain in international trade an overview |
| topic | blockchain distributed ledger technology international trade logistics Supply Chain Management |
| url | http://www.rejournal.eu/sites/rejournal.versatech.ro/files/articole/2019-04-01/3547/1belu.pdf |
| work_keys_str_mv | AT mihaelagabrielabelu applicationofblockchainininternationaltradeanoverview |