International trade and blockchain technologies: Implications for practice and policy

Описание

Тип публикации: доклад, тезисы доклада, статья из сборника материалов конференций

Конференция: 2nd International Scientific Conference on Agribusiness, Environmental Engineering and Biotechnologies, AGRITECH-II 2019

Год издания: 2020

Идентификатор DOI: 10.1088/1755-1315/421/2/022051

Аннотация: International trade is an important aspect of business. Exchanging goods on a global scale allows states to produce and export goods that they are more efficient in and import the ones that they are not. As a result, countries reduce the cost of production, price of commodities, and expand their markets. Even so, international tradПоказать полностьюe is a complex process that is facilitated by different financial, socio-political, and technological factors. The blockchain technology has revolutionized international trade and has the potential to continue doing so as this smart technology is still at its infancy. This paper analyzes the role and impacts of the blockchain in international trade, including the technology's benefits, problems and challenges, and recommendations for improving its usefulness. The work finds that blockchain plays a significant role in international trade with numerous benefits. However, a few challenges should be addressed to ensure organizations in international trade benefits fully from blockchain technology. © Published under licence by IOP Publishing Ltd.

Ссылки на полный текст

Издание

Журнал: IOP Conference Series: Earth and Environmental Science

Выпуск журнала: Vol. 421, Is. 2

Номера страниц: 22051

ISSN журнала: 17551307

Издатель: Institute of Physics Publishing

Авторы

  • Derindag O.F. (Inonu University, International Trade and Business Dept., Malatya, Turkey)
  • Yarygina I.Z. (Financial University under the Government of the Russian Federation, Leningradskiy Prospect 49, Moscow, 125167, Russian Federation)
  • Tsarev R.Yu. (Siberian Federal University, Svobodny pr. 79, Krasnoyarsk, 660041, Russian Federation)

Вхождение в базы данных