Abstract
Purpose – This paper aims to improve the solution of international trade payments and the stability of logistics and information and study the applicability and effectiveness of blockchain, which has been considered positive solution in terms of the fourth industrial revolution with the recent global trade. Research on the blockchain has been discussed mainly on the surface area phenomena, such as developing trade availability and technological innovation of digital processes upon the international trading practice. Design/Methodology/Approach – his paper will follow certain previous studies to find the optimal solution to international tradings, including blockchain activations, and examine how to figure out the various financial factors and trade environments. For the support of this idea, we identified that the limitations of this analysis results from the one-dimensional theory application of cryptocurrencies. The author will introduce some critical ideas among various approaches to analyze blockchain and address the applicability of each e-trade based on the adjustment level of the digital developing process in the international trade sectors. Findings – This study focuses on ① the position of the international trading model by analyzing the trading process of digitalization through logistics environment with blockchain technology and ② financial platforms and technical certification for export traffic control. Also, This paper will discuss ③ the advantages and disadvantages of the digital process on trading practices through SWOT analysis. Finally, ④ t he study w ill get i mplications of blockchain technology to international trade. Research Implications – The blockchain technique of capturing various factors in the trade process to pursue safety, speed, and convenience introduces the concept of overcoming some barriers to the international trade practice. The paper expands the limits of analysis of blockchain technology, which is at the heart of the digital solution, including cryptocurrencies, introducing it into the trade process through existing theory, analyzing its practices, and looking at its applicability in each trade field based on it.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
