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The Usage Of Blockchain In Digitalization: Case Study On Documentary Credit

Author

Listed:
  • Adriana CIOCA
  • Kassam WEHBE
  • Delia POPESCU
  • Constanta POPESCU

Abstract

Starting with the year 2012, the Blockchain has attracted the attention of many managers in the world thanks to its usefulness. One of these usages is to guaranty the fluidity of traffic information and merchandises. The migration toward Blockchain based digital environment create a source of wealth for the operators by its secure, immutable and shared database. The premises of the Blockchain is affecting the digital world positively by connecting different systems to the same database. The use of Blockchain will streamline and secure the traffic of information in global trade. Our focus in this study is to fluidify the process of the documentary credit by creating a smart documentary credit while using the Ethereum Blockchain. This feature gives the ability to trespass third party interferences by automating processes. These automations are time beneficiary and profitable for exporters and importers which means that the end user will benefit from a fair trade with the best prices thanks to the Blockchain.

Suggested Citation

  • Adriana CIOCA & Kassam WEHBE & Delia POPESCU & Constanta POPESCU, 2020. "The Usage Of Blockchain In Digitalization: Case Study On Documentary Credit," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 14(1), pages 182-191, November.
    • Handle: RePEc:rom:mancon:v:14:y:2020:i:1:p:182-191
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