The role of technology in international trade

Technologies impacting international trade (list)

Technologies impacting international trade (list)

1. Blockchain
2. Artificial intelligence and machine learning
3. New digital platforms
4. Mobile payment

Blockchain

Technology that records financial transaction in the form of bitcoin & other cryptocurrency. This technology speeds up finance arrangements between businesses and reduces the cost of trade finance.

Artificial intelligence and machine learning

A computer system that aids in finding the most cost-effective trade routes, manages ship and truck ports effectively, and translate e-commerce search inquiries from one language to others.

New digital platforms

Bringing together service providers, educators, web developers etc. with global customers. The digital platforms are revolutionizing international trade services.

Mobile payment

A type of smartphone app that lets an account holder pay people and businesses using a cell phone. It enables people to buy more products online and also allows low-income customers can be global customers.