Authors
Mihaela Gabriela Belu
Publication date
2020
Journal
Romanian Economic Journal
Volume
23
Issue
78
Pages
13-26
Publisher
Department of International Business and Economics from the Academy of Economic Studies Bucharest
Description
The aim of the paper is to present the advantages of implementing blockchain technology in international commercial transactions, in general, and in carrying out customs clearance activities, in particular. If we refer to the customs clearance of goods, the use of blockchain has a number of advantages, such as: completion of customs clearance formalities in a much shorter time; customs risk management; real-time verification of goods–quantitative, qualitative, of their origin. Nowadays, global supply chains face many challenges posed by the health crisis. The implementation of new technologies, especially blockchain technology, facilitates the tracking of events and the investigation of possible incidents, the settlement of disputes, ensuring the integrity of the cargo, the trust of the parties involved in the process, digitization.
Total citations
20212022202320241471
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