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|Title||Blockchain Technology in International Trade and Finance - State of the Art|
|Institution||University of Zurich|
|Faculty||Faculty of Business, Economics and Informatics|
|Abstract Text||In international trade and finance, financial institutes are traditionally established as an intermediary to facilitate the individual steps between the parties involved. While these intermediaries addressed some of the challenges including the risks to the exporter and importer, further improvements can be made with the advancement of technology like blockchain. As a distributed ledger technology, blockchain provides properties like immutability, transparency and verifiability of transactions that can bring improvements to the international trade and finance process. This study reviews the current state of the art of blockchain application in international trade and finance and develops an architecture and a prototype for the end-to-end processes in international trade and finance using blockchain technology.|