The Impact of Blockchain Technology on International Trade and Financial Business

Slatvinska, Valeria; Vitaliia, Demchenko; TRETIAK, Kateryna; Rostyslav, Hnatyuk; Oleg, Yarema

doi:10.13189/ujaf.2022.100111

Cited by 9 publications

(6 citation statements)

References 6 publications

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“…Source: compiled by the author Utilising blockchain technology for recording ownership of virtual assets facilitates the establishment of an immutable ownership record, rendering it impossible to conceal or fabricate data about owners. Slatvinska et al (2022) show that this is particularly crucial in a realm where transactional anonymity can instigate illicit activities such as money laundering and other forms of corruption. Integrating blockchain technology into monitoring and reporting systems can facilitate the detection of aberrations and dubious changes in virtual assets circulation, facilitating a rapid response to possible violations.…”

Section: Sovrin)mentioning

confidence: 99%

The Role of Blockchain Technologies in Combating Corruption within the Virtual Assets Realm

2024

PJC

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The utilisation of blockchain technology can greatly hinder the perpetration of corrupt deeds owing to its data immutability and transparency. The purpose of the study is to assess the impact of blockchain integration on reducing corruption risks in the realm of virtual assets. It was found that since the introduction of blockchain, Estonia has almost doubled the ranking of countries in anti-corruption. According to the study, the volume of illegal cryptocurrency transactions continues to grow, requiring financial systems to adapt to new challenges. The prospect of further research should be based on strengthening financial security. The scientific novelty lies in the recognition of blockchain technologies’ potential as a tool for ensuring transparency and information inviolability within the virtual assets realm. The practical value of the study lies in developing recommendations for integrating blockchain technologies into virtual assets’ control and audit, which will contribute to enhancing the effectiveness of anti-corruption measures

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Section: Sovrin)mentioning

confidence: 99%

The Role of Blockchain Technologies in Combating Corruption within the Virtual Assets Realm

2024

PJC

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“…Dicho de otro modo, esta tecnología ayuda a incrementar los procesos de transparencia y de rendición de cuentas, incluso de organizaciones gubernamentales [28]. De igual manera, esta tecnología tendría el potencial para fortalecer el comercio internacional en los procesos de transacción implementando contratos inteligentes que mejoren las cadenas logísticas y reduzcan el procesamiento de la información; lo cual se vería reflejado en una mayor facturación monetaria [29].…”

Section: A Oportunidades De La Logística 40 En La Cadena De Suministrounclassified

Digital strategies in the performance of the global supply chain in the period of 2010-2022

Milla Morales,

Tafur Varas,

Vasquez Holgado

et al. 2023

Proceedings of the 21th LACCEI International Multi-Conference for Engineering, Education and Technology (LACCEI 2023): “Leaders

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The objective of the paper is to analyze the research trends generated on the digital strategies applied in the performance of the supply chain established at a global level during the period 2010-2022, in addition to reviewing their evolution over time and application of the model's business in various technologies. As a methodology, a bibliographic review (SLR) was used from the literature published in Scopus databases. Through an exhaustive systematization, 41 articles were selected, classifying them by year of publication, type of quartile, number of citations, and according to the Sustainable Development Goals (SDG). In turn, the VOSviewer software was used to determine the concurrence between the variables. The literature findings reveal that the implementation of technological tools in the supply chain has been generated with a lack of government support, a deficit of trained personnel and a strong traditional management of the supply chain, the main challenges being those problems that Companies face to contribute to the adaptation of technologies in the improvement of processes and thus meet the goals set out in the SDGs and the improvement of the competitive advantages of nations.

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“…All the parties involved in the supply chain will share one version of the distributed ledger. Additionally, "Blockchain can reduce the risk of fraud on high-value goods such as diamonds or pharmaceuticals, help companies understand how individual components and finished goods pass through each subcontractor, and reduce revenue losses due to counterfeit and grey goods" [8]. Enhancing monitoring materials and products will also bring confidence and better services for customers.…”

Section: How Blockchain Adds Valuementioning

confidence: 99%

Application Analysis of Blockchain in Business

Li¹

2022

Advances in Economics, Business and Management Research

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Blockchain has aroused widespread interest in many fields. As a distributed digital ledger, blockchain has transparency, traceability, and irreversibility in recording transaction information, and has been welcomed by many industries and investors. This paper aims to discuss two main applications of blockchain: in supply chain management and reducing transaction costs in the financial field. By analyzing relevant cases and data, this paper discusses the significant impact of blockchain technology in these two fields. Potential risks of adaptation are also considered. Blockchain can enhance the traceability and efficiency of supply chain management and avoid losses caused by fraud and transaction costs in the financial field. As blockchain has not been widely used, its technical cost and use standard setting deserve attention. Considering the risks of adoption, it is very important to set standards for the scope of participants and the type of blockchain to ensure security before applying blockchain to specific fields.

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The Impact of Blockchain Technology on International Trade and Financial Business

Cited by 9 publications

References 6 publications

The Role of Blockchain Technologies in Combating Corruption within the Virtual Assets Realm

The Role of Blockchain Technologies in Combating Corruption within the Virtual Assets Realm

Digital strategies in the performance of the global supply chain in the period of 2010-2022

Application Analysis of Blockchain in Business

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