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INTERNATIONAL
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RESEARCH
JOURNAL

ISSN (Print) 1996-7845

ISSN (Online) 2542-2081



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National Research University Higher School of Economics
International Organisations Research Journal (IORJ) editors office


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Vera Maltseva  , Alexander Maltsev  

Blockchain and the Future of Global Trade (Review of the WTO report “Can Blockchain revolutionize international trade?”)

2019. Vol. 14. No. 4. P. 191–198 [issue contents]

The review covers the WTO report “Can Blockchain revolutionize international trade?” The report studies the multifaceted effects of Blockchain on international trade and its multiple applications.  Digitalization of the cross-border transactions as the key effect would be particularly beneficial for the most paper-intensive processes, including trade finance, trade facilitation, trade in services, intellectual property and public procurement. The significant positive and transformative effect of Blockchain on international trade goes without saying, but the author warns against being too enthusiastic on the prospects of the full-size trade digitalization. As this requires enhanced trust between parties of the cross-border transactions, as well as international cooperation and joint efforts to build Blockchain ecosystems, and tackle legal and policy issues.

Citation: Maltseva V., Maltsev A. (2019) Blockchain and the Future of Global Trade (Review of the WTO report “Can Blockchain revolutionize international trade?”). International Organisations Research Journal, vol. 14, no 4, pp. (in English). DOI: 10.17323/1996-7845-2019-04-11.
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