IDEAS home Printed from https://ideas.repec.org/a/alq/rufejo/rfej_2020_08_63-85.html
   My bibliography  Save this article

Blockchain Technology in International Trade

Author

Listed:
  • Yuri Anatolievich Savinov

    (Russian Foreign Trade Academy, Moscow, Russia)

  • Aleksander Nikolayevich Zelenuk

    (Moscow State Institute of International Relations (University) MFA Russia)

  • Evgenija Vadimovna Taranovskaja

    (Russian Foreign Trade Academy, Moscow, Russia)

Abstract

The authors consider the progress in the application of blockchain technology in international trade – one of the areas of digitalization. Th ey analyze the blockchain features and the opportunities of its application in business depending on the specific aspects of a company’s business activity. It is emphasized that blockchain technologies are effective for preventing fraudulent transactions in the execution of a contract, in particular for fixing the country of origin, controlling the movement of each part during its processing in different countries, exporting goods, determining the consumption requirements for ñontract goods, and preventing errors in payment for purchased products. Besides, significant business efforts to finance start-ups when conducting research and development of new blockchain technologies are noted.

Suggested Citation

  • Yuri Anatolievich Savinov & Aleksander Nikolayevich Zelenuk & Evgenija Vadimovna Taranovskaja, 2020. "Blockchain Technology in International Trade," Russian Foreign Economic Journal, Russian Foreign Trade Academy Ministry of economic development of the Russian Federation, issue 8, pages 63-85, August.
    • Handle: RePEc:alq:rufejo:rfej_2020_08_63-85
    as

    Download full text from publisher

    File URL: http://repec.vavt.ru/RePEc/alq/rufejo/rfej_2020_08_63-85.pdf
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:alq:rufejo:rfej_2020_08_63-85. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Anna Chernyavskaya (email available below). General contact details of provider: https://edirc.repec.org/data/vavtmru.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.