Electronic Trade without Interruption and Blockchain

Purpose - This paper tried to review whether blockchain technology is suitable as a technology that can accelerate the realization of uninterrupted e-trade. In particular, after examining whether the existing domestic e-trade method, which has been successfully carried out, can be extended and applied between countries, it is intended to propose some solutions for uninterrupted e-trade. Design/Methodology/Approach - If most previous studies presented the necessity, problems, and solutions for the introduction of blockchain, this study attempted to approach the realization of uninterrupted e-trade through the existing centralization method. Findings - In the application of blockchain technology, there are problems such as security issues, conflict between immutability and personal information protection, the impossibility of real-time processing, the difficulty in securing reliability through the length of the chain, and the questioning of the necessity of the letter of credit transaction method. Therefore, the applicability of centralization technology needs to be re-examined. Research Implications - Blockchain technology should be introduced in fields that can utilize the advantages, such as decentralization. It is judged that blockchain techology is more effective when a product or electronic document is created and its life cycle is long, Therefore, prior to the new introduction of blockchain, it should be carefully considered as an expansion to the existing centralization method. This study hopes to provide an opportunity to reengineer uninterrupted e-trade at the time of introduction of a new technology called decentralization.