Blockchain and artificial intelligence technologies for balanced foreign trade: replacing exchange function of money

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dc.authorid0000-0002-2847-5126en_US
dc.contributor.authorCivelek, Mustafa Emre
dc.contributor.authorArtar, Okşan Kibritçi
dc.date.accessioned2019-09-02T11:27:15Z
dc.date.available2019-09-02T11:27:15Z
dc.date.issued2019en_US
dc.departmentFakülteler, İşletme Fakültesi, Turizm ve Otel Yöneticiliği Bölümüen_US
dc.description.abstractToday, the capitalist economy has entered into a dead end. Unemployment is expected to reach an unprecedented level due to the rise of automation and artificial intelligence technologies. The creation of excess fiat money will not be a remedy for the collapse of the capitalist economy. In the future, a new economic model open to government intervention will be needed. Moreover, if global monetary system collapses, government should find a solution to continue foreign trade in order to meet the needs of their citizens. Trade unions are classical means that increase trade among the member countries, but they cause imbalance in mutual trade volumes. The advent of blockchain and artificial intelligence technologies will bring an end to the obsolete and outdated foreign trade methods. These technologies will also lead to the emergence of balanced trade unions across countries. This paper focuses on defining a new system known as intelligent trade matrix, suggesting that this system will allow barter transactions between two countries without imposing any customs duty.en_US
dc.identifier.doi10.19044/esj.2019.v15n22p137en_US
dc.identifier.endpage149en_US
dc.identifier.issue22en_US
dc.identifier.startpage137en_US
dc.identifier.urihttps://hdl.handle.net/11467/2935
dc.identifier.urihttps://doi.org/10.19044/esj.2019.v15n22p137
dc.identifier.volume15en_US
dc.language.isoenen_US
dc.publisherEuropean Scientific Instituteen_US
dc.relation.ispartofEuropean Scientific Journalen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectArtificial Intelligenceen_US
dc.subjectForeign Tradeen_US
dc.subjectBlockchainen_US
dc.subjectBalanced Tradeen_US
dc.subjectDigital Economyen_US
dc.titleBlockchain and artificial intelligence technologies for balanced foreign trade: replacing exchange function of moneyen_US
dc.typeArticleen_US

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