Abstract
Blockchain technology has been advocated as a possible solution to enduring trust issues among trading partners in trade finance. We conducted in-depth interviews with industry experts to examine how blockchain technology influences the trust relationships among trading partners. Our results show that the technology enhances trust relationships by (1) improving the security of transactions and data exchanges, (2) facilitating the expression of benevolence, (3) enhancing the efficiency and the quality of communication, and (4) increasing the predictability of trading partners. The paper concludes with implications for both research and practice.
| Original language | English |
|---|---|
| Article number | 120641 |
| Number of pages | 9 |
| Journal | Technological Forecasting and Social Change |
| Volume | 166 |
| Early online date | 10 Feb 2021 |
| DOIs | |
| Publication status | Published - 1 May 2021 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 8 Decent Work and Economic Growth
Keywords
- Blockchain technology
- Distributed ledger
- FinTech
- Trade finance
- Trust relationship
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