Journal of Korea Trade

Korea Trade Research Association (한국무역학회)
권호 표지
DOI QR코드

DOI QR Code

The New Ecosystem of Cross-border E-Commerce among Korea, China and Japan Based on Blockchain

  • Shen, Xiang-Dong (Business School, Changshu Institute of Technology) ;
  • Chen, Xi (Business School, Shandong Jianzhu University) ;
  • Ji, Ran (College of Tourism, Hebei University of Economics and Business) ;
  • Wu, Ren-Hong (College of Economics, Guangdong Ocean University)
  • Received : 2020.05.04
  • Accepted : 2020.08.11
  • Published : 2020.08.31
Download PDF
⟨ Previous Next ⟩

Abstract

Purpose - The purpose of the study is to propose a theoretical framework of cross-border e-commerce ecosystems based on blockchain technology. The ecosystem includes five systems, namely, crossborder supply chain intelligent system, cross-border logistics system, cross-border payment system, cross-border product quality traceability system and cross-border customs supervision system. Design/methodology - This study firstly derived the main improvement factors for the new ecosystem based on blockchain through prior research and expert interviews on cross-border e-commerce. Then explored the use of virtue of decentralization, anti-counterfeiting traceability, consensus mechanism, smart contract and other means of the core technology of blockchain to overcome the bottleneck of cross-border e-commerce development among Korea, China, and Japan. Finally, proposed valuable implications in both theoretical and practical perspectives. Findings - As a result, we combined with the problems existing in cross-border e-commerce among Korea, China and Japan, this paper proposes a solution based on blockchain. On this basis, it constructs a cross-border e-commerce ecosystem among these three countries, including five systems. In addition, we discuss the main problems existing in the current blockchain, such as low transaction concurrency, security loopholes, and inconsistent standards, the corresponding countermeasures are proposed from the technical level, security level and industry standards. Originality/value - This study is the first to apply the blockchain technology to solve the cross-border e-commerce problems in Korea, China and Japan, which is of pioneering significance in both literature and practice. Block chain technology is in the ascendency. This study provides technical solutions for promoting the development of cross-border e-commerce import and export trade between Korea, China and Japan.

Keywords

References

  1. Antonopoulos, A. M. (2014), Mastering Bitcoin: Unlocking Digital Cryptocurrencies, Cambridge, MA: O'Reilly Media.
  2. Bacon, J., M. J. David, M. Christopher and S. Jatinder (2017), Blockchain Demystified: An Introduction to Blockchain Technology and its Legal Implications (Legal Studies Research Paper, No. 268/2017), London: Queen Mary University, 1-53.
  3. Chen, Si, Rui Shi, Zhuang-Yu Ren, Jia-Qi Yan, Ya-Ni Shi and Jin-Yu Zhang (2017, November 4-6), "A Blockchain-based Supply Chain Quality Management Framework", 2017 IEEE 14th International Conference on e-Business Engineering (ICEBE), Shanghai, China.
  4. China E-commerce Research Center (2019), Data Monitoring Report of China's Cross-border E-commerce Market in 2018. Available from http://www.100ec.cn/detail--6512462.html (accessed March 10, 2020)
  5. Choi, Hyuk-Jun, Hyun-Jae Jung and Dong-Hyon Lee (2019), "A Study on Port Improvement with the Activation of Cross-Border E-Commerce: A Study of Pyeongtaek Port", Journal of Korea Trade, 23(7), 34-44.
  6. Huckle, S., R. Bhattacharya, M. White and N. Beloff (2016), "Internet of Things, Blockchain and Shared Economy Applications", Procedia Computer Science, 98, 461-466. https://doi.org/10.1016/j.procs.2016.09.074
  7. Ding, Qing-Yang and Jian-Ming Zhu (2017), "The Product Information Traceability and Security Model of B2C E-Platform from the Perspective of Blockchain", China Business and Market, 31(12), 41-49.
  8. Han, Xuan, Yong Zhu and Fei-Yue Wang (2019), "Security Problems on Blockchain: The State of the Art and Future Trends", ACTA AUTOMATICA SINICA, 45(1), 206-225.
  9. He, Jiang and Hui-Wen Qian (2017), "Research on Synergy Strategies of Cross-border E-commerce and Cross-border Logistics", Logistics Sci-Tech, 7, 1-6.
  10. La, Jung-Joo and Won-Kyu Shin (2019), "Assessment of the Korean-Chinese Exports Competition in Sophisticated Markets", Journal of Korea Trade, 23(2), 1-13.
  11. La, Kong-Woo and Jin-Gu Song (2019), "An Empirical Study on the Effects of Export Promotion on KoreaChina-Japan Using Logistics Performance Index (LPI)", Journal of Korea Trade, 23(7), 96-112 https://doi.org/10.35611/jkt.2019.23.7.96
  12. Li, Hai-Bo (2018), "Research on the Problems and Measures of Cross-border E-commerce Based on the Block Chain Technology", China Business and Market, 32(11), 41-48.
  13. Liu, Tao, Dong Lu and W. T. Woo (2019), "Trade, finance and international currency", Journal of Economic Behavior and Organization, 16(3), 14-23.
  14. Liu, Xue-Chun and Ya-Qin Zheng (2019), "Application of Block Chain Technology in Cross-border Import E-Commerce: A Case Study of Tmall International", Journal of WuHan Business University, 33(4), 25-30.
  15. Information Center of the Ministry of Industry and Information Technology of China (2018), 2018 China Blockchain Industry White Paper. Available from http://www.miit.gov.cn/n1146290/n1146402/n1146445/c6180238/content.html (accessed March 15, 2020)
  16. Morkunaa, V J., J. Paschen and E. Boon (2019), "How Blockchain Technologies Impact Your Business Model", Business Horizons, 62(3), 295-306. https://doi.org/10.1016/j.bushor.2019.01.009
  17. Peters, G. W. and E. Panayi (2016), "Understanding Modern Banking Ledgers through Blockchain Technologies: Future of Transaction Processing and Smart Contracts on the Internet of Money", Banking Beyond Banks and Money, 11, 239-278. https://doi.org/10.1007/978-3-319-42448-4_13
  18. Qiu, Tianyi, Rui-Dong Zhang and Yuan Gao (2019), "Ripple vs. SWIFT: Transforming Cross-broder Remittance Using Blockchain Technology", Procedia Computer Science, 147, 428-434. https://doi.org/10.1016/j.procs.2019.01.260
  19. Rajput, U., F. Abbas and O. Heekuck (2018), "A Solution towards Eliminating Transaction Malleability in Bitcoin", Journal of Information Processing Systems, 14(2), 837-850.
  20. Richard, D. and O. Gareth (2016), "Rep on the Roll: A Peer to Peer Reputation System based on a Rolling Blockchain", International Journal of Digital Society, 7(1), 1123-1134.
  21. Satoshi N. (2008), Bitcoin: A Peer-to-Peer Electronic Cash System. Available from https://bitcoin.org/en/bitcoin-paper (accessed April 16, 2020)
  22. Song, Sang-Hwa (2018), "The Future of Blockchain and Logistics", Logistics Insight, 1, 1-36.
  23. Wang, Juan-Juan and Wei Qin (2015), "Explore the New Normal of E-commerce in the 'One Belt and One Road Strategic Area'", China Business and Market, 29(5), 46-54.
  24. Wu, Jia-Ni and Nguyen, K. T. (2018), "Application of Blockchain Technology in Sustainable Energy Systems: An Overview", Sustainability, 10, 1-22. https://doi.org/10.3390/su10020001
  25. Wei, Li-Ping and Wen-Xiang Xing (2019), "Research on the Impact of Cross-border E-commerce Export on Brand Internationalization in China", Intertrade, 12, 19-26.
  26. XINHUANET (2016, April 12), "Korea, China and Japan Launched the First Cross-border Authentic Product Traceability Platform to Help the Development of Cross-border E-commerce". Available from http://www.xinhuanet.com/world/2016-04/12/c_1118599648.html (accessed April 05, 2020)
  27. Yang, Jung-Ho (2019), "Applicability of Blockchain based Bill of Lading under the Rotterdam Rules and UNCITRAL Model Law on Electronic Transferable Records", Journal of Korea Trade, 23(6), 113-130. https://doi.org/10.35611/jkt.2019.23.6.113
  28. Yang, Ke-Yan (2014), "Research on Information Ecosystem Construction about E-business, Information Science, 32(3), 37-41. https://doi.org/10.1016/j.ins.2013.11.026
  29. Yuan, Yong and Fei-Yue Wang (2016), "Blockchain: The State of the Art and Future Trends", ACTA AUTOMATICA SINICA, 42(4), 481-494.
  30. Zeng, Shi-Qin, Ru Huo, Tao Huang, Jiang Liu, Shuo Liu and Wei Feng (2020), "Survey of Blockchain: Principle, Progress and Application", Journal of Communications, 41(1), 134-151.
  31. Zhang, Hao and Pei-Feng Zhu (2020), "Business Model Innovation Based on Block Chain Technology: Value Proposition and Application Scenarios", Science & Technology Progress and Policy, 37(2), 19-25.
  32. Zhang, Yan-Bin (2018), "The New Ecosystem of Cross-border E-commerce between EU and China based on Blockchain", China Business and Market, 32(2), 66-72.

Cited by

  1. Study on the Intention of Foreign Trade Driven by Cross-Border E-Commerce Based on Blockchain Technology vol.2021, 2020, https://doi.org/10.1155/2021/9623672