Blockchain Technology in International Trade: Legal and Regulatory Implications
Abstract Blockchain technology has the potential to revolutionize global trade by enhancing transparency, increasing efficiency, and reducing fraud. This paper explores the legal and regulatory landscape of blockchain technology in international trade, highlighting the current frameworks, challenges, and opportunities. It examines key aspects such as smart contracts, data privacy, intellectual property rights, and cross-border dispute resolution, providing a detailed analysis of relevant international, regional, and national regulations. The paper underscores the need for harmonized regulatory frameworks to facilitate the legal recognition and interoperability of blockchain-based systems. It also emphasizes the importance of promoting education, encouraging innovation, and developing standards and best practices. Through this comprehensive analysis, the paper aims to contribute to the ongoing discourse on leveraging blockchain technology's transformative potential while ensuring ...
