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dc.contributor.authorSlatvinska, Valeriia
dc.contributor.authorDemchenko, Vitaliia
dc.contributor.authorДемченко, Віталія Олександрівна
dc.contributor.authorДемченко, Виталия Александровна
dc.contributor.authorTretiak, Kateryna
dc.contributor.authorТретяк, Катерина Володимирівна
dc.contributor.authorТретяк, Екатерина Владимировна
dc.contributor.authorHnatiuk, Rostyslav
dc.contributor.authorYarema, Oleh
dc.date.accessioned2022-06-28T12:41:00Z
dc.date.available2022-06-28T12:41:00Z
dc.date.issued2022
dc.identifier.citationThe Impact of Blockchain Technology on International Trade and Financial Business / Slatvinska Valeria, Demchenko Vitaliia, Tretiak Kateryna [et al.] // Universal Journal of Accounting and Finance. – 2022. – Vol. 10, № 1. – P. 102–112.uk_UA
dc.identifier.issn2331-9712
dc.identifier.urihttps://ir.kneu.edu.ua:443/handle/2010/37615
dc.description.abstractThis article examines the impact of blockchain technology in the financial sector and international trade. The aim of the article is to measure the effect of blockchain technology on international trade and financial business. The paper uses methods of analysis and synthesis of information from researched academic articles, government programs, reports, and statistical data. The averages and regression analysis (in particular, the calculation of the Pearson coefficient) are used for getting analytical results. Graphic methods are used to summarize the information and to present the understudy materials. According to the results of the study, it can be concluded that blockchain technology has great potential for the development of international trade and financial business. It is possible by improving the settlement of international trade, applying smart contracts in the formation of the transaction, improving logistics chains, and reducing the speed of information and delivery processing, increasing the economic turnover. Blockchain has a positive impact on reducing costs for merchants and the banking sector, predicted by 2030 to decrease costs by 11% using this technology. The technology will have a very significant impact on the development of intellectual property, which could be particularly activated by the possibility of reducing the impact of pirated copying. It is possible to reduce corruption and fraud by applying blockchain technology in public procurement, which currently accounts for the bulk of international trade. Blockchain technology will add $3 trillion in additional business value by 2030 and $866 bln in international trade, including financial business.uk_UA
dc.language.isoenuk_UA
dc.publisherHorizon Researchuk_UA
dc.subjectBlockchainuk_UA
dc.subjectCryptocurrencyuk_UA
dc.subjectSmart-Contractuk_UA
dc.subjectInternational Tradeuk_UA
dc.subjectFinancial Businessuk_UA
dc.subjectIntellectual Propertyuk_UA
dc.titleThe Impact of Blockchain Technology on International Trade and Financial Businessuk_UA
dc.typeArticleuk_UA


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