Research On The Construction And Settlement Mode Of A New Cross-border Barter Ecosvstem Based On Financial Technology

The new type of cross-border barter trade is a form of trade in which the cross-border supply and demand sides are provided with the direct exchange of goods or services of equivalent value through the barter platform with the help of blockchain,big data and other financial technology means,and the innovation of international resource allocation through the dual cycle of domestic barter + foreign barter.Since cross-border barter is realized in the form of "barter",there is no need for financial intermediaries as credit intermediaries for credit creation,so there are high requirements for information coordination and resource integration between various subjects in the barter chain.The new cross-border barter ecosystem emphasizes the interaction and cooperation between cross-border barter participants and the effective integration of barter by financial technology,which is of great significance to promote the development of new cross-border barter trade.At present,the international situation is complex and severe,the world political situation is turbulent,and the external challenges facing China’s international economy have risen significantly,and the economic and financial sanctions of the United States and other Western countries require us to further reflect on how to explore a new model of trade settlement under the asymmetric form of "dollar hegemony" and international settlement.Cross-border barter is essentially a trade method of barter,but from a deep level,barter can bypass cross-border payment behavior,offset each other through debts in opposite directions of barter,form a "closed loop" of domestic debt settlement,and innovate the model of international trade settlement.From a longer-term perspective,the market network built by cross-border barter is also an effective way to further strengthen economic and trade relations with trading partners,promote cross-border asset transfer with RMB denominated settlement,further expand cross-border RMB settlement channels,and deepen the internationalization and international acceptance of RMB.In view of the above background,this thesis proposes the ecosystem framework of fintech + cross-border barter,applies it based on the cross-border barter trade platform project in Qingdao Area of China(Shandong)Pilot Free Trade Zone,and further studies the settlement mode of cross-border barter.The results show that the new cross-border barter ecosystem population members include platform leader populations,barter transaction subject key populations,payment and logistics support populations and environmental parasitic populations,and the application of financial technology can promote the synergy of all ecosystem parties and realize the complementary advantages of system members.Through the dynamic analysis of evolutionary games,it is found that promoting cooperation among various groups,optimizing incentive policies for leading populations,and establishing a fairer symmetric income distribution mechanism can promote the stable development of cross-border barter ecology.Finally,in view of the shortcomings in the construction of the current cross-border barter platform and the pain points of traditional international trade settlement,this thesis proposes a new settlement mode of blockchain +cross-border barter,further explores the deep-seated settlement problem of cross-border barter,takes the Trade Swap Support Tool(INSTEX)and the settlement model of Kunlun Bank to Iran as a reference,uses the characteristics of blockchain technology to realize the property rights distribution and value transfer of barter assets,realizes the barter settlement mode of domestic settlement of funds under cross-border circulation of goods,and explores new ways of international settlement.