Paperless Trade: Evaluation of the Current Situation & towards the Integrated Single Foreign Trade Document

Abstract

Electronic documents began to take the place of the paper documents that are being currently used in foreign trade. In this study, it is mentioned of topics such as what are electronic documents, how are they regulated and what tools are needed to have legal validity. It also covers the developments about examples of electronic documents and electronic process studies in the international field. It is expected that the number of documents used will decrease and also the complex payment methods will eliminate in the process of transition to electronic document use. As a result, it is recommended to use a single integrated foreign trade document in this study. In this way, it is predicted that foreign trade transactions can be executed through an online platform where all parties involved in foreign trade transactions will come together.

Blockchain and Artificial Intelligence Technologies for Balanced Foreign Trade: Replacing Exchange Function of Money

“…In order to combine all the parties which are involved in a foreign trade transaction, the use of single electronic document instead of classical paper documents is crucial. All the functions of classical paper documents should be combined in a single electronic document (Civelek & Seçkin, 2017). Combination of all trade documents into a single universal foreign trade document will lead to the integration of the processes.…”

“…However, before the advent of blockchain technology, there was the need of a centralized authority to bring together all the parties involved in a particular foreign trade transaction. By implementing artificial intelligence technologies into this integrated single document, some transactions can be executed autonomously (Civelek & Seçkin, 2017). Using both technologies (blockchain and artificial intelligence) together will make it possible to pave the way for full integration.…”

Development of Paperless Foreign Trade Performance Measurement Scale: The Multitrait-Multimethod Model Proposal

“…For reduction of the number of documents there is a need for simplification. The most important benefits of simplification are transaction time and cost decrease (Civelek & Seçkin, 2017).…”