Peercoin Foundation Sponsors Thesis on Use of Blockchain Tech in International Trade & Reimbursement Banks
Thesis Sponsorship
As part of our goal of actively investing in R&D to support real-life applications of blockchain technology, the Peercoin Foundation recently sponsored a thesis on the use of blockchain technology in international trade, specifically reimbursement banks.
As explained in the abstract below, the focus of this thesis is on improving the efficiency of international exchange by exploring alternative digital methods of executing reimbursement loans, which are often used to credit the trade of overseas goods.
The paper was translated to English by the Faculty of Maritime Studies in Rijeka, Croatia. It will be featured in their yearly bulletin and also shared with the larger Croatian academic community, including a publication in the Pomorstvo Journal of Maritime Studies, which will make it available to a great number of students and researchers in various scientific databases, all of which are detailed in the publication section below.
As this is one of first papers on this topic in the maritime community, there is a good chance that future research will reference this paper, with the possibility of bringing higher exposure to Peercoin in the scientific community.
Download
The paper can currently be downloaded in pdf form here.
https://hrcak.srce.hr/index.php?show=clanak&id_clanak_jezik=347158&lang=en
Abstract
The aim of this paper is to find alternative method of executing reimbursement loan, as a form of documentary loan, that is, to investigate new digital technology methods (fintech) to improve the efficiency of the international exchange. Reimbursement loans are often used to credit the trade of overseas goods.
The reason of such case is that the shipment of goods by the maritime transport requires a significant amount of time and those trades are often associated with high financial amounts. Since international trade (exchange) is a kind of a generator of society’s progress, it is necessary to explore the possibilities for making international payment cheaper, more efficient and more secure.
In this case, we based our research on the implementation of modern technologies, more precisely “blockchain”/DLT (Distributed Ledger Technology) and “smart contracts”. The new reimbursement loan model presented in the paper is based on the aforementioned technologies. It could potentially change not only the documentary lending techniques, but also, eventually, overall financial paradigm.
The effectiveness of the application of modern technologies is proven comparing the results of the so called conventional and unconventional reimbursement credit model on a real case involving two companies in Indonesia and Singapore. The paper also tackles on the further implementation of “smart contract” technology and “blockchain”/DLT, thus considering the potential impact of these technologies on overseas trade, credit markets and financial institutions. Finally, the paper argues on the limitations in implementing this new technique (e.g. legal, political and technical challenges)
Publication
The paper will be published in the Pomorstvo Journal of Maritime Studies and will be available to a great number of students and researchers in the following scientific databases:
- Abell Library Austin College, Sherman, Texas, USA
- ASFA (CSA) — Aquatic Sciences and Fisheries Abstracts, CSA, Maryland, USA
- BiblioSTIC — Vandœuvre-lès-Nancy, Cedex, France
- BMT — British Maritime Technology Abstracts, Teddington, United Kingdom
- CABI — Oxon, United Kingdom
- CNRS — Centre National de la Recherche Scientifique, Paris, France
- Cornell University, Ithaca, New York, USA
- COBISS/OPAC, Virtualna knjižnica Slovenije
- CSA (Cambridge Scientific Abstracts) — Oceanic Abstracts, Maryland, USA
- DOAJ — Directory of Open Access Journals, Lund University Libraries, Sweden
- EBSCO Publishing — Ipswich, MA, USA
- EJOL — Electronic Journals Online Library, Institut Ruđer Bošković, Zagreb, Hrvatska
- GEOBASE — The Bibliographic database for the Earth, Geographical and Ecological Sciences
- HRČAK — Portal znanstvenih časopisa Republike Hrvatske
- INSPEC — Database published by the Institution of Engineering and Technology, UK
- Nacionalna i sveučilišna knjižnica, Zagreb, Hrvatska
- NewJour — Electronic Journals and Newsletters, USA
- OAI-PMH — The Open Archives Initiative Protocol for Metadata Harvesting, Washington, DC, USA
- SCOPUS -Elsevier’s abstract and indexing (A&I) database
- TRIS — Transportation Research and Information Services, Washington, DC, USA
- Universidad Nacional Autónoma de México, Centro de Ciencias Genómicas, Instituto de Biotecnología, Biblioteca, Mexico
- Universitätsbibliothek Braunschweig, Braunschweig University Library, Braunschweig, Deutschland
- Universitätsbibliothek Regensburg, Elektronische Zeitschriftenbibliothek, 93042 Regensburg, Deutschland
- ZDB — Staatsbibliothek zu Berlin, Deutsche Nationalbibliothek, Berlin, Deutschland
