Blockchain-Enabled Trade Finance Innovation: A Potential Paradigm Shift on Using Letter of Credit

This paper explores a potential paradigm shift in trade finance utilizing blockchain technology. Traditionally, the centralized operating model has governed trade finance and the manner in which traders handle business processes. However, such heavy reliance on centralized authorities has made for p...

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Bibliographic Details
Main Authors: Shuchih Ernest Chang, Hueimin Louis Luo, YiChian Chen
Format: Article
Language:English
Published: MDPI AG 2019-12-01
Series:Sustainability
Subjects:
Online Access:https://www.mdpi.com/2071-1050/12/1/188