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Distributed Ledger Technology (DLT) creates a decentralized system for trust and transaction validation using executable smart contracts to update information across a distributed database. This type of ecosystem can be applied to Commodity Trade Finance to alleviate critical issues of...
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How do parties engaged in international trade ensure adherence to contracts when contract enforcement is weak? In a … substitute for formal contract enforcement if the threat of exclusion by the current and potential future partners is effective …
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particular, it will examine an historical contract, the sea loan, which was used to finance long-distance maritime commerce from …
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Purpose: This paper develops the idea of comprehensive contractual solutions using the blockchain as a foundation. A … tethered to the same underlying technology.Approach: This paper introduces the idea of a platform contract as a practical … why a platform contract, as a product of the network economy, represents essential inefficiencies; the paper addresses how …
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A smart mutual peer-to-peer insurance contract is a financial innovation that combines blockchain technology and a … mutual insurance contract. This paper constructs a three-stage game theory model of the mutual insurance platform. The role … of blockchain technology in solving the claim fraud problem in smart mutual insurance contracts is analysed accordingly …
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Blockchain technology and its various applications have been gaining momentum rapidly in recent years. With the ability … being wary of its inherent risks. This article seeks to shed light on the intricacies of blockchain, its opportunities and …
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