International trade and blockchain technologies: Implications for practice and policy | Научно-инновационный портал СФУ

International trade and blockchain technologies: Implications for practice and policy

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 trade 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.

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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

Персоны

  • Derindag O.F. (Inonu Univ, Int Trade & Business Dept, Malatya, Turkey)
  • Yarygina I.Z. (Govt Russian Federat, Financial Univ, 49 Leningradskiy Prospect, Moscow 125167, Russia)
  • Tsarev R.Yu (Siberian Fed Univ, 79 Svobodny Pr, Krasnoyarsk 660041, Russia)

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