| 英文摘要 |
Blockchain has revolutionized the payment flow and logistics of international trade, especially in trade finance, custom procedures, and the identification of provenance of goods. Documents such as letters of credit and bills of lading are digitized through blockchain technology, which not only shortens the transaction time, reduces transaction costs, but also improves transaction security and solves the problems of traditional trade. Decentralization is the core spirit of blockchain, and its long-term development will reduce manufacturers' reliance on financial intermediaries such as banks. Even the virtual currency developed with the blockchain will become a payment system by itself, thus weakening the state's control over the currency. The blockchain builds a new trust mechanism, which is no longer centered on the state, which is bound to have an impact on the current international trade law and led to paradigm shift. This article intends to discuss the characteristics of blockchain and the application of the WTO system from the perspective of legal and economic analysis. This article believes that the past legal system is completely unable to handle the blockchain, and a new thinking framework must be proposed. |