EXCHANGE Volume 03, No. 1, 2025, pp. 64-77

Qi CHEN

The Potential of Blockchain Technology in Facilitating International Trade

Abstract: This paper investigates the potential application of blockchain technology in international trade. It provides an overview of blockchain technology, its application in global trade and includes successful use cases. The article analyzes the impact of blockchain technology on supply chain transparency and efficiency, regulatory obstacles and relevant factors. In addition, it investigates how blockchain technology can transform international trade, explores current trends, and addresses scalability and interoperability challenges. In conclusion, this article conducts a comprehensive analysis of blockchain’s potential in global trade and ends with recommendations for future research and practical application.

Keywords: blockchain technology, global trade, transparency, efficiency.