Block by block: A blockchain-based peer-to-peer business transaction for international trade

Toorajipour Reza; Oghazi Pejvak; Sohrabpour VahidPatel Pankaj C.Mostaghel Rana

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Block by block: A blockchain-based peer-to-peer business transaction for international trade

机译：Block by block: A blockchain-based peer-to-peer business transaction for international trade

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Heterogeneity and complicated processes, risk of information leakage, and higher costs are some of the challenges that stem from third-party involvement in business transactions. This study proposes a novel mechanism to address the shortcomings of third-party-dependent transactions in the context of international trade. Moreover, we provide business process modeling, deployed in a business transaction scenario, to furnish a deeper perspective on the working of the mechanism based on Business Process Model and Notation (BPMN) 2.0 standards and guidelines. By analyzing and identifying blockchain roles and capabilities, this study proposes a blockchain technology-based letter of credit (BTLC), which is a mechanism providing letters of credit (LCs) that incorporate the benefits of blockchain and smart contracts.

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来源
《Technological forecasting and social change》 |2022年第7期|121714.1-121714.10|共10页
作者
Toorajipour Reza; Oghazi Pejvak; Sohrabpour VahidPatel Pankaj C.Mostaghel Rana;
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作者单位

Malardalen Univ;

Sodertorn Univ||Hanken Sch Econ;

SAVEGGY ABDept Management & Operat;

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收录信息美国《科学引文索引》(SCI);美国《工程索引》(EI);
原文格式 PDF
正文语种英语
中图分类
关键词
International trade; Blockchain; Trade finance; Letter of credit; Peer-to-peer business transaction;

Block by block: A blockchain-based peer-to-peer business transaction for international trade

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