Trade has always been shaped by technological innovation.
In recent times, a new technology, Blockchain, has been
greeted by many as the next big game-changer. Can
Blockchain revolutionize international trade?
This publication seeks to demystify the Blockchainphenomenon by providing a basic explanation of the
technology. It analyses the relevance of this technology
for international trade by reviewing how it is currently used
or can be used in the various areas covered by WTO rules.
In doing so, it provides an insight into the extent to which
this technology could affect cross-border trade in goods
and services, and intellectual property rights. It discusses
the potential of Blockchain for reducing trade costs and
enhancing supply chain transparency as well as the
opportunities it provides for small-scale producers and
companies. Finally, it reviews various challenges that must be
addressed before the technology can be used on a wide scale
and have a significant impact on international trade.