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Contributors: Please consider adding entries to this annotated bibliography (AB) as you read and research articles. This AB will serve as a reference for papers and presentations we collaborate on together and as individuals. APA style.
Annotations
Allen, D., Berg, C., Davidson, S., Noval, M., & Potts, J. (2019, May). International policy coordination for blockchain supply chains. Asia & the Pacific Policy Studies, https://doi.org/10.1002/app5.281 | Full text
This document begins by introducing the historical evolution of global trade, and the developments of the standardized shipping container and global trade coordinating bodies. Authors point out that these occurrences allowed economical trade progression to occur, and explain how this supported trade cost reductions, as their implementations were directly correlated with reduced transportation costs and regulatory costs. It is then illustrated that information costs are a current hindrance to favorable trade costs, and that blockchain technology could resolve the issue.
Authors reason that with security and integrity being inherent to the blockchain structure, it could be utilized to create distributed ledgers of information and facilitate the implementation of decentralized ledger governance. The conjecture is that this would ensure the meeting of consumer demands for information availability and international government requirements for domestic regulation satisfactions, thus supporting the reduction of information costs.
The impediments of regulatory uncertainty and different parties have to join forces are introduced with possible ways to resolve them, as it is declared that several countries within the Asia-Pacific Economic Cooperation (APEC) have already begun to initiate regulatory and fiscal policies supporting the utilization of blockchain. A discussion of open versus closed standards is also explored, as the authors conclude open standards would be the most supportive option for blockchain application.
I found the article to be a comprehensive analysis of the need for blockchain within the global trade industry, issues this would entail, and circumstances that would need to take place to work through those concerns. It would be an instrumental piece to read for any individual involved within the global trade industry, or attempting to resolve real-world, universal obstacles utilizing blockchain.
Azzi, R., Chamoun, R.K., & Sokhn, M. (2019 June). The power of a blockchain-based supply chain. Computers & Industrial Engineering, https://doi.org/10.1002/app5.281 | Full text
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