scholarly journals Optimization Model of Cross-Border E-commerce Payment Security by Blockchain Finance

2021 ◽  
Vol 2021 ◽  
pp. 1-9
Author(s):  
Tung-Chun Chen ◽  
Yu-Shen Liang ◽  
Po-Sheng Ko ◽  
Jui-Chan Huang
Keyword(s):  
Social Life ◽  
Risk Control ◽  
Case Analysis ◽  
International Standards ◽  
Control Mode ◽  
Electronic Payment ◽  
The Core ◽  
Cross Border ◽  
Blockchain Technology ◽  
Border Trade

Cross-border trade is also changing and innovating. Electronic payment has become the core application of modern cross-border e-commerce. However, although electronic payment has brought convenience and efficiency to enterprises and social life, there are also many problems in transaction information security. These problems not only hinder the development of electronic payment but also bring hidden dangers to people’s property security. Therefore, an encryption algorithm of e-commerce was proposed, and its algorithm security and risk control mode was further studied by means of case analysis, empirical analysis, and comparative analysis. Experimental data show that blockchain technology is a breakthrough. The aim of the study is to explore its application in specific circumstances and strive to make the new e-payment mode in line with international standards.

The EU Response to Criminal Misuse of Cryptocurrencies: The Young, already Outdated 5th Anti-Money Laundering Directive

2020 ◽  
Vol 28 (3) ◽  
pp. 217-251
Author(s):  
Valentina Covolo
Keyword(s):  
Money Laundering ◽  
Business Models ◽  
International Standards ◽  
Present Contribution ◽  
The Core ◽  
Cross Border ◽  
The Us ◽  
New Business ◽  
New Business Models ◽  
The Eu

Abstract Combatting criminal misuse of cryptocurrencies was at the core of the fatf agenda under the US Presidency, culminating in June 2019 with the thorough extension of international standards against money laundering over virtual assets’ markets. This echoed the first legislative measure regulating virtual currencies adopted by the EU a year before. Directive 2018/843, better known as the 5th Anti-Money Laundering Directive, fails however to address key technological breakthroughs and new business models, which continuously make the ever-growing and fast-paced crypto economy evolve. Against this background, the present contribution investigates shortfalls and challenges that lay ahead in the light of the new fatf Recommendations. It ultimately argues that the preventive anti-money laundering measures cannot dispense with the establishment of a cross-border integrated supervisory and enforcement system.

scholarly journals Research on the Construction of China-Europe Cross-border E-commerce Ecosphere Based on Blockchain Technology

2019 ◽  
Vol 3 (1) ◽  
pp. 11
Author(s):  
Liang Liu ◽  
Xiaoyu Jiang ◽  
Jian Wu
Keyword(s):  
Risk Management ◽  
Service System ◽  
Credit Risk Management ◽  
Relevant Research ◽  
Technology Application ◽  
Intelligence System ◽  
The Core ◽  
Cross Border ◽  
Blockchain Technology ◽  
Core Technology

Based on the blockchain technology to construct the relevant research on the China-Europe cross-border e-commerce ecosystem, we must first define the main significance and combine the core technology application of blockchain to explore the blockchain China-Europe cross-border e-commerce ecosystem, thereby drawing effective measures such as establishing a cross-border e-commerce integrated service system, improving e-commerce credit risk management and establishing a blockchain supply chain intelligence system, which comprehensively elaborates on the importance of blockchain technology to build a China-Europe cross-border e-commerce ecosystem.

scholarly journals Regulatory Convergence in the Financial Periphery: How Interdependence Shapes Regulators’ Decisions

2019 ◽  
Vol 63 (4) ◽  
pp. 908-922
Author(s):  
Emily Jones ◽  
Alexandra O Zeitz
Keyword(s):  
Small Group ◽  
Global Economy ◽  
Standard Setting ◽  
International Standards ◽  
Professional Networks ◽  
Spatial Lag ◽  
The Core ◽  
Cross Border ◽  
Regulatory Decisions ◽  
Regulatory Convergence

Abstract We examine the processes by which regulations prevailing in countries at the core of the global economy spread to countries outside this small group. We show how specific cross-border relationships between banks, regulators, and investors generate regulatory interdependence that drives the diffusion of international standards from the standard-setting countries at the core of the financial system to the financial periphery. We argue that regulatory decisions in the financial periphery are shaped by the prior choices of regulators in other countries, mediated through four specific cross-border relationships associated with banking globalization. We draw on a new dataset of Basel II adoption in over ninety jurisdictions in the financial periphery. Using spatial lag models we show that regulators’ decisions over the adoption of international standards are shaped by the choices of regulators to whom they are connected through the cross-border operations of individual banks, international professional networks, and competition for capital. Our analysis underscores the value of parsing out the relevant actor-level linkages that connect countries: while international considerations shape regulatory decisions, what matters is not the extent to which countries are connected to the global economy but rather the nature of these connections.

scholarly journals International Economy Law Concept and the Source of International Economy Law

2015 ◽  
Author(s):  
Şaban Kayıhan ◽  
Mehmet Eski
Keyword(s):  
International Law ◽  
Social Life ◽  
Public Law ◽  
International Economy ◽  
View Point ◽  
Cross Border ◽  
Border Trade ◽  
The Social ◽  
Different Types ◽  
The Subject

Depending on the justification of the domination promulgates Law principles which is related with the multi-areas of the social life and assures implementation of Law rules due to its judicial power. However, nowadays implementation of State’s Law principles has been gradually damaged. In fact, not only markets transformed into the world bazaar with the globalization but also the participants of the markets acts global. As a result of the findings of the economic facts, one State’s cross-border trade and beside the national law which regulates the economic actions, normative arrangements increase which adjust identical subjects and receive the sources from different fields and in order for the operation of the current adjustment they create novice establishments with the view point of showing action in different types of areas. As a parallel of these improvements “international economy law” which arranges the international economical actions in the western countries and examines the law principles as a whole which is usually founded dispersedly is developed. Cross border economical actions constitute the subject of a lots of diversified law arrangement. While some of them are the characters of public law and private law, the others originate from international law. Fractionally, nonbinding rules are also inclusive here. At this point the whole law regulations which are about the international rules, determines the scope of international law relations. So in this research, in accordance with the globalization, our purpose is to examine the source and term of the international economy law.

Enhancing Surveillance - Interconnectedness and Clusters

Policy Papers ◽  
2012 ◽  
Vol 2012 (15) ◽  
Author(s):  
Keyword(s):  
Supply Chain ◽  
Conceptual Framework ◽  
Eastern Europe ◽  
Central And Eastern Europe ◽  
Policy Space ◽  
The Core ◽  
Cross Border ◽  
Economic Context ◽  
Border Trade ◽  
Financial Interconnectedness

This paper and the companion background paperpresent a simple conceptual framework to better understand cross-border trade and financial interconnectedness. Countries are grouped together into “clusters” on the basis of having relatively tight trade and financial connections (e.g., Asian supply chain). Clusters are connected to one another through “gatekeepers” (e.g., Austria is a gatekeeper to the Central and Eastern Europe, and Sweden to the Baltics), and countries that are central to the whole network are in the “core” (the systemic-5). By mapping this architecture of cross-border trade and financial interconnectedness, the papers provide—at a glance—an easy way to comprehend the direct and indirect linkages of countries. The papers suggest that gatekeepers in particular can play a role in dampening or amplifying and propagating shocks, and this role depends on the economic context and policy space.

scholarly journals Application Of Permissioned Blockchain For Automated, Efficient, Secure Cross Border Trade

2021 ◽  
Vol 12 (3) ◽  
pp. 3762-3766
Author(s):  
Sreedevi B Et.al
Keyword(s):  
Financial Services ◽  
Main Idea ◽  
Vital Role ◽  
Fair Trading ◽  
Cross Border ◽  
Blockchain Technology ◽  
Attribute Based Encryption ◽  
Border Trade ◽  
Confidential Data ◽  
Verification Process

There are lot of documents and confidential data involved in international trade. Banks offer financial services and also act as middleman for cross border trades. The verification process plays a vital role and it takes months to years, to complete. The major problem is to maintain integrity and confidentiality of the data shared, and to maintain fair trading process. Blockchain technology is introduced to increase the efficiency and security of the documents shared to the needed parties in the trade. Permissioned blockchain is used wherein the participants of the network are controlled and governed by the blockchain owner. Hyperledger fabric platform is used to implement the trade finance application. The main idea is to automate the verification processes in order to complete the trade financing within minutes to hours and to enhance security of the documents shared using Attribute Based Encryption (ABE) in cross border trades. The smart contracts in blockchain provides functionalities to assure that the information is tamper-free, auditable and verifiable. 

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