Can Blockchain Revolutionize International Trade?

Opening with an explanation of the technology, the publication goes on to analyze the relevance of this technology for international trade by reviewing how it is currently used and how it may potentially be used in the various areas covered by the World Trade Organization (WTO) rules.

In doing so, it offers insights into the extent to which this technology could affect cross-border trade in goods and services and in intellectual property rights.

The publication also discusses the potential of Blockchain for reducing trade costs and enhancing supply chain transparency, as well as the opportunities it provides for small-scale producers and companies.

This publication seeks to demystify the Blockchain phenomenon by providing a basic understanding of the technology and its main functionalities. It showcases some trade-related applications and analyses the relevance of this technology for international trade by reviewing how it is currently used or can be used in the various areas covered by the WTO.

It also provides a glimpse of whether the widespread adoption of this technology could affect cross-border trade transactions and, if so, to what extent, and it discusses various challenges that must be addressed before the technology can be used on a wide scale.

It concludes with a review of various challenges that must be addressed before the technology can be used on a wide scale and have a significant impact on international trade.