Research On New Mode Of International Trade Settlement Based On Blockchain Technology

With the in-depth development of international trade,payment plays an increasingly important role in international trade.Choosing the right way of international trade payment will have a crucial impact on international trade.The traditional way of international trade settlement has exposed more and more problems in terms of settlement efficiency,risk and security,which can no longer adapt to the new trend of the development of international trade.The introduction of blockchain technology into international trade settlement can make up for the shortcomings of traditional international trade settlement by relying on the advantages of blockchainStarting from the traditional international trade settlement,this paper points out the shortcomings of traditional trade settlement,studies the concept,characteristics and application scenarios of blockchain,and analyzes the possibility of applying blockchain to international settlement.Blockchain world wire has gradually entered the field of vision of financial institutions and the public with its unique advantages.As a new way of international trade settlement of blockchain,it develops rapidly,and gradually competes with the traditional swift and ripple platform to occupy the market.This paper introduces the development motivation of blockchain world wire and analyzes its potential.The conclusion is that blockchain world wire will continue to develop continuously and effectively.Taking blockchain world wire cross-border payment platform as an example,this paper makes a scenario demonstration,and concludes that blockchain can be applied to international settlement in practice.