Blockchain's Role in International Trade Finance

This research paper explores the role of blockchain technology in improving the current processes of international trade finance. It provides an overview of the benefits of blockchain in trade finance and its potential to disrupt traditional financial services transactions. The paper also discusses the theoretical foundation of transnational trade, blockchain platforms and technologies, and trade finance theories. The research adopts a pluralist approach to examine the subject matter based on analysis of the extant literature, perception analysis based on interviews, and a theoretical interpretation. The study concludes with recommendations for researchers, developers, regulators, and businesses interested in blockchain.