A Cost-benefit Analysis of Applying Blockchain on the Process of International Trade

碩士 === 佛光大學 === 應用經濟學系 === 106 === Since financial crisis of 2008 , a scholar named Satoshi Nakamoto published a research paper titled “Bitcoin: A Point-to-Point Electronic Cash System.” In 2009, the first bitcoin software was released and was also created the very first Bitcoin node, therefore a te...

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Bibliographic Details
Main Authors: YEN, YI-LING, 顏伊羚
Other Authors: CHEN, KU-HSIEH
Format: Others
Language:zh-TW
Published: 2018
Online Access:http://ndltd.ncl.edu.tw/handle/5d53a4
Description
Summary:碩士 === 佛光大學 === 應用經濟學系 === 106 === Since financial crisis of 2008 , a scholar named Satoshi Nakamoto published a research paper titled “Bitcoin: A Point-to-Point Electronic Cash System.” In 2009, the first bitcoin software was released and was also created the very first Bitcoin node, therefore a technology called "blockchain" was born. In September 2016, A start-up financial technology company, Wave, which belong to Barclays Bank was completed the first trade financing transaction by using the “blockchain” technology. According to report, this new transaction method can reduce the trading flow rate that used to take seven to ten days, to just four hours. This transaction is seen as a simpler, safer and faster way of future international trade transactions. In order to examine how the use of blockchains can increase the efficiency of international trade, how much revenue can be generated, and whether it is worthwhile for banks to make improvements in trade processes and operations, this study is conducted on professionals of domestic banks responsible for international trade business. After the questionnaire interview, the expected values provided by the respondents with professional knowledge and experience were used as samples to collect the data. We will use t value to verification. The cost-effectiveness method was used to analyze the efficiency and benefits it could bring. We hope that the empirical results of this study can provide banks or companies with a useful reference.