... participating parties. Figure 5 shows the payment process from the perspectives of exporter and importer, respectively. The interactions among LSC, TSC and LCSC not only facilitate the business operations among trade players but achieve the desired benefit of using distributed ledger technology. Figure 5...

...Efpraxia D. Zamani; George M. Giaglis Purpose The purpose of this paper is to argue for the role of the blockchain, i.e., distributed ledger technology, in building innovative business models, including machine money, autonomous economic agents and decentralised organisations. Design...