| Title: | A Case Study of the Impact of Blockchain Technology Adoption on Cross-Border Trade Efficiency of Tianlong Trading |
| Author: | Zhao Baikang |
| Advisor: | Assoc. Prof. Dr. Qiu Chao |
| Degree: | Master of Business Administration |
| Major: | International Business Management |
| Faculty: | บัณฑิตวิทยาลัย (Graduate School) |
| Academic year: | 2568 (2025) |
| Published: | นำเสนอในที่ประชุมวิชาการ (Conference) Conference proceeding IIARP International Conference, Abstract Proceedings Series Vol.3 No.5 May 2025 pp.50-57 Click |
Abstract
Cross-border trade plays a crucial role in the global economy, yet inefficiencies in contract execution, supply chain transparency, and payment settlement continue to hinder trade operations. Blockchain technology has emerged as a transformative tool to address these challenges by reducing transaction costs, automating trade processes, and enhancing trust between trade partners. This study examined the impact of smart contract implementation, supply chain transparency, and payment settlement efficiency on cross-border trade efficiency of Tianlong Trading, applying the Transaction Cost Theory to explore how blockchain adoption minimizes inefficiencies in trade operations.
The objectives of this study were to examine the impact of smart contract implementation, supply chain transparency, and payment settlement efficiency on cross-border trade efficiency. A quantitative research design was employed, utilizing a structured questionnaire to collect data from 227 respondents working in logistics, finance, supply chain management, and IT at Tianlong Trading. The study used stratified random sampling to ensure representation from key trade-related departments. Data were collected through online surveys and email invitations, and statistical analyses, including descriptive statistics, correlation analysis, and multiple regression analysis, were performed to test the hypotheses.
The findings reveal that all three blockchain adoption factors significantly and positively impact cross-border trade efficiency. Smart contract implementation enhances trade efficiency by automating contract enforcement and reducing reliance on intermediaries. Supply chain transparency improves operational efficiency through real-time tracking, enhanced data accuracy, and reduced fraud risks. Payment settlement efficiency, while slightly weaker in explanatory power, still contributes to trade efficiency by reducing transaction costs and processing delays in financial settlements.
The study concludes that blockchain technology adoption enhances trade efficiency by minimizing transaction costs and optimizing trade processes, reinforcing its role as a critical enabler of digital transformation in international trade. Businesses should actively invest in blockchain solutions, integrate smart contract-based trade agreements, and collaborate with financial institutions and regulators to address adoption challenges. Future research should explore longitudinal impacts, regulatory frameworks, and industry-specific blockchain applications to further understand blockchain’s role in global trade optimization.
Keywords: smart contract implementation, supply chain transparency, payment settlement efficiency, cross-border trade efficiency
6417195821 Zhao Baikang, Advisor: Assoc. Prof. Dr. Qiu Chao, สารนิพนธ์ (Independent Study), A Case Study of the Impact of Blockchain Technology Adoption on Cross-Border Trade Efficiency of Tianlong Trading, นำเสนอในที่ประชุมวิชาการ (Conference), Conference proceeding IIARP International Conference, Abstract Proceedings Series 2025 (Vol.3, No.5) | May 2025, ปริญญาโท (Master’s Degree), บัณฑิตวิทยาลัย (Graduate School), Master of Business Administration, International Business Management, Siam University, Bangkok, Thailand – มหาวิทยาลัยสยาม กรุงเทพมหานคร ประเทศไทย
