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. 

scholarly journals Challenges For Countries In Trade In Services’ Negotiations With The Nafta Approach: The Experience Of Chile In The Free Trade Agreement With The United States

2016 ◽  
Vol 5 (2) ◽  
pp. 371-394 ◽  
Author(s):  
Rodrigo Monardes V
Keyword(s):  
United States ◽  
Free Trade ◽  
Latin American ◽  
Financial Services ◽  
Free Trade Agreement ◽  
Trade Agreement ◽  
The United States ◽  
Trade In Services ◽  
Cross Border ◽  
Border Trade

Abstract The negotiation of trade in services in the context of a free trade agreement is particularly challenging for developing countries in view of the diverse nature of the services sector, the broad regulation applicable to the supply of services, the different modes of supply and the different approaches available for the adoption of the rules governing bilateral trade in services. Two main approaches are available for these negotiations, the General Agreement on Trade in Services (GATS) model or positive list approach, and the North American Free Trade Agreement (NAFTA) model or negative list approach. Even though these two models are similar with respect to the substantive obligations covering the conditions for supplying services, they differ significantly with respect to the manner and the structure of commitments. Chile faced significant challenges in concluding a free trade agreement with the United States. The importance of the trading partner and its market for Chilean exports meant that Chile had to adopt a number of unfamiliar features, particularly in relation to financial services and e-commerce, in order to facilitate and consolidate the process of opening its market. This article focuses on the chapters of the United States-Chile Free Trade Agreement addressing trade in services, i.e. cross-border trade in services, financial services, telecommunications, temporary entry of business persons and some provisions on e-commerce. Some investment issues will also be address, particularly those interacting with cross-border trade in services. Finally, the article explains the relevance of this approach as a model or basis for bilateral and plurilateral negotiations on trade in services for the Pacific Rim countries and as the preferred model for services trade liberalization for the Latin American countries.

scholarly journals Blockchain Technology in Healthcare Industry

2020 ◽  
pp. 236-240
Author(s):  
Reddy Kumaraswamy ◽  
Advin Manhar
Keyword(s):  
Financial Services ◽  
Vital Role ◽  
Sudden Increase ◽  
Healthcare Industry ◽  
Digital Information ◽  
Blockchain Technology ◽  
Healthcare It ◽  
Wide Range ◽  
The Future ◽  
Digital Asset

Blockchain is one of the most growing technologies that is playing a vital role in the professional world today. Blockchain is the technology that is going to revolutionize many industries in the future including healthcare. It is simply defined as a decentralized, distributed ledger that records the provenance of a digital asset. Blockchain is used as a backbone for many industries such as cryptocurrencies, bitcoin, and many more. Although its capability and application have to be extended far beyond. The objective of blockchain is to allow digital information to be recorded and distributed, but not edited. In the last couple of years many industries finding new ways to implement blockchain technology with a wide range of domains. And this sudden increase in technology also provided many new application opportunities, including financial services, smart contracts, energy trading, supply chain, healthcare, etc. In this paper, we know briefly about blockchain technologies and some of their applications. We also show how blockchain is going to revolutionize the healthcare industry in the future.

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.

Analysis of integrated development of digital economy with the Heilongjiang Province’s cross-border E-commerce with Russia

2020 ◽  
Vol 93 (4) ◽  
pp. 16-23
Author(s):  
Song Linlin ◽  
Keyword(s):  
Financial Services ◽  
Rapid Development ◽  
Digital Economy ◽  
The Internet ◽  
Heilongjiang Province ◽  
Integrated Development ◽  
Development Status ◽  
Cross Border ◽  
Internet Economy ◽  
Comparative Advantages

Since the establishment of the China (Heilongjiang) pilot free trade zone, the development of cross-border e-commerce with Russia has continued to increase speed and quality. With its geographical advantages and its comparative advantages in the Internet field, Heilongjiang Province promoted the rapid development of the Internet economy in Russia, fostered a new digital trade format represented by cross-border e-commerce, and promoted online and offline collaborative promotion of customs clearance logistics and financial services. The paper expounds foundation and development status of Heilongjiang Province’s cross-border e-commerce, analyzes in integrated development of digital economy with the Heilongjiang Province’s cross-border e-commerce with Russia, and further puts forward prospects and recommendations.

Calibrating Informal Cross-Border Trade in Southern Africa

2015 ◽  
Author(s):  
Sally Peberdy ◽  
Jonathan Crush ◽  
Daniel Tevera ◽  
Eugene Campbell ◽  
Ines Raimundo ◽  
...  
Keyword(s):  
Southern Africa ◽  
Cross Border ◽  
Border Trade
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