BLOCKCHAIN AS A MEAN ENHANCING INTERNATIONAL TRADE

Year 2024, Volume: 2 Issue: 1, 23 - 36, 23.03.2024

Hatem Beggat

https://doi.org/10.62101/iticudisticaretdergisi.1377933

Abstract

The foundation of the world economy is the international commerce system, but it faces difficulties like fraud, inefficiency, and a lack of confidence. The transformational potential of blockchain technology to improve the international trade landscape includes paperwork, delays, and hazards that complex relationships between importers, exporters, financial institutions, and regulatory authorities. Blockchain presents itself as a revolutionary force that provides efficiency, security, and transparency. Blockchain's smart contracts speed up verification of letters of credit (LCs) in trade finance. The precise blockchain security contributes to safety and fraud prevention by thwarting unauthorized access and tampering. This study explores the case studies to determine how blockchain technology might resolve issues, speed up transactions, and restore confidence in the global commerce ecosystem. Blockchain’s use ultimately is able to reshape trade procedures, promoting a climate of dependability, transparency, and cooperative development.

Keywords

International Trade, Blockchain technology, Paperless Trade

ULUSLARARASI TİCARETİ GELİŞTİREN BİR ARAÇ OLARAK BLOCKCHAIN

Abstract

Dünya ekonomisinin temeli uluslararası ticaret sistemidir, ancak bu sistem dolandırıcılık, verimsizlik ve güven eksikliği gibi zorluklarla karşı karşıyadır. Blockchain teknolojisinin uluslararası ticaret ortamını iyileştirmeye yönelik dönüşümsel potansiyeli, ithalatçılar, ihracatçılar, finans kurumları ve düzenleyici makamlar arasındaki karmaşık ilişkilerin yarattığı evrak işleri, gecikmeler ve tehlikeleri içermektedir. Blockchain kendisini verimlilik, güvenlik ve şeffaflık sağlayan devrimci bir güç olarak sunuyor. Blockchain'in akıllı sözleşmeleri, ticaret finansmanında akreditiflerin (LC'ler) doğrulanmasını hızlandırır. Kesin blokchain güvenliği, yetkisiz erişimi ve Sızmayı engelleyerek güvenlik ve dolandırıcılığın önlenmesine katkıda bulunur. Bu çalışma, blok zinciri teknolojisinin sorunları nasıl çözebileceğini, işlemleri nasıl hızlandırabileceğini ve küresel ticaret ekosistemine olan güveni nasıl yeniden tesis edebileceğini belirlemek için gerçek dünyadaki vaka çalışmalarını araştırmaktadır. Blockchain'in kullanımı nihayetinde ticaret prosedürlerini yeniden şekillendirebilir, güvenilirlik, şeffaflık ve işbirliğine dayalı bir kalkınma ortamını teşvik edebilir .

Keywords

Uluslararası Ticaret, Blok zinciri teknolojisi, Kağıtsız Ticaret

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