Blockchain in Global Trade

摘要

This paper summarizes the actual adaptation of the Blockchain (BC) technology in the global trade space. Each product with a unique identification is tracked from the source manufacturer to the end user across countries. Data is collected from manufacturers, logistics providers and end users. A third-party company serves as the BC network operator so that each transaction is recorded in a private BC network with periodical hash saved onto a public BC network to ensure data immutability. This paper further explores the use of BC to manage the owner and users of data sources. There are two business applications for this system: (1) track and deliver using direct-to-consumer model for over 100 premium California wineries to over 20 countries in the world; (2) track and deliver using direct-to-hospital model for specialty Pharmaceuticals (cancer drugs, etc.) from the US to designated hospitals in China.