Тип публикации: доклад, тезисы доклада, статья из сборника материалов конференций
Конференция: International Scientific Conference on Agribusiness, Environmental Engineering and Biotechnologies (AGRITECH); Krasnoyarsk State Agrarian Univ, Krasnoyarsk, RUSSIA; Krasnoyarsk State Agrarian Univ, Krasnoyarsk, RUSSIA
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.
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