JURMA YUSTISI
Vol. 3 No. 1 (2025)

Blockchain in the Global Trade Ecosystem: Efficiency, Transparency, and Security

Hartono, Margareta Kristiani (Unknown)



Article Info

Publish Date
30 Apr 2025

Abstract

Blockchain is an innovative technology that has the potential to revolutionize the global trade ecosystem by providing unprecedented efficiency, transparency, and security. This article examines the role of blockchain in addressing the main challenges of international trade, such as complex bureaucracy, fraud risks, and lack of data visibility. Blockchain enables decentralized, permanent, and immutable data recording, thereby creating a more secure and trustworthy system. Through the implementation of smart contracts, this technology simplifies administrative processes such as export-import documentation, customs, and cross-border payments, ultimately reducing operational costs and speeding up transactions. Additionally, blockchain provides real-time product tracking from producers to end consumers, ensuring product authenticity and compliance with ethical and sustainability standards. However, despite offering significant benefits, the adoption of blockchain in global trade faces challenges such as non-uniform regulations, scalability limitations of the technology, and the need for high initial investment. This article not only identifies the potential of blockchain in enhancing international trade efficiency but also provides strategic recommendations to overcome these barriers. With proper implementation, blockchain can serve as a catalyst for transforming global trade into a more inclusive and sustainable system

Copyrights © 2025






Journal Info

Abbrev

jurmayustisi

Publisher

Subject

Education Law, Crime, Criminology & Criminal Justice

Description

Yustisi Law Student Journal is a periodical Scientific Journal published by the Faculty of Law, Ibn Khaldun University of Bogor three times a year, namely in February, June and October. Yustisi Law Student Journal has a vision to become a leading scientific journal in disseminating and developing ...