Blockchain Technology and Its Impact on Global Trade
Keywords:
blockchain, global trade, supply chains, transparency, innovationAbstract
This paper investigates the role of blockchain technology in transforming global trade operations. By analyzing the potential of blockchain to enhance transparency, efficiency, and security in trade transactions, we assess its implications for global supply chains. The research utilizes case studies from various industries, including logistics and finance, to illustrate the transformative effects of blockchain. Our findings suggest that blockchain has the potential to significantly reduce transaction costs and increase trust between trading partners, offering a promising avenue for future trade innovations.
References
Babayev, F., Goncharenko, I., Mazur, H., Abdullaev, U., & Chernyaha, L. (2024). Investment Flows and Country Development in Emerging Markets: Analysing the Impact of Foreign Investment on Economic Growth. Theoretical and Practical Research in Economic Fields, 15(4), 894-908.
Moraliyska, M. (2021). SOCIAL AND REGULATORY CHALLENGES TO DIGITAL LABOR DIGITAL PLATFORMS. Eastern Academic Journal, (3), 12-25.
Sipos, D. (2024). The Influence of Strategic Communication on Consumer Decision-Making in Social Media Environments. European Journal of Science, Innovation and Technology, 4(5), 14-21.
Sipos, D. The role of digital platforms in the transformation of political parties. Foreign Affairs, 35(5).
Sipos, D. (2024). Status Fulfillment through Social Networks: Impact of Hierarchies on Social Differentiation and Well-being. Technium Soc. Sci. J., 56, 309.
