Revolutionizing International Trade: Blockchain and Beyond - Elaborating the Paradigm Shift

Abstract

In recent years, we have noticed the significant changes that blockchain technology has brought to various industries. Initially revolutionizing finance, blockchain has now found its way into other disciplines, such as international trade. By improving transparency, security, and efficiency throughout global supply chains, this technology is transforming traditional trade practices. This article explores how blockchain and other disruptive technologies are reshaping the landscape of international trade, despite the challenges faced by global supply chains in terms of documentation, costs, and physical flows. The study demonstrates how these technologies can simplify operations, reduce expenses, and manage risks in international trade. Through a thorough analysis, the article highlights both academic authors and major multinational corporations that have implemented these disruptive technologies. Furthermore, we will discuss the acceptance of this technological revolution among industry actors, examining it through the lens of paradigm shift theory.

Keywords: Blockchain; smart contracts; IOT; International trade; the paradigm shift.

Received Date: February 22, 2026

Accepted Date: March 14, 2026

Published Date: April 02, 2026

Available Online at: https://www.ijsrisjournal.com/index.php/ojsfiles/article/view/622