Abstract

Abstract Blockchain technology is widely used in many fields due to its non-tamper resistance, openness, transparency, and decentralization characteristics. The application of blockchain technology in international trade mainly includes five aspects: product traceability, trade payment, customs procedures, trade financing, and trade supply chain. Evaluation of the effect of blockchain technology application in the above aspects by a method of analytic hierarchy process (AHP) shows that the effect on trade payment and trade supply chain is better than others. At the same time, it has a less obvious effect on product traceability. Currently, there are still some barriers to applying blockchain technology in the field of international trade. Blockchain technology still has certain technical risks and lacks legal supervision. Better application of blockchain technology can be realized by cultivating high-quality blockchain technical talents and improving the supervision mechanism of blockchain technology.KeywordsInternational tradeBlockchain technologyAnalytic hierarchy process

Full Text
Paper version not known

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 call

Disclaimer: 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.