Research on A New Cross-Border Barter Trade Settlement Model Based On Blockchain And Smart Contracts.

In the context of the complex and changing international situation and the uncertain global political and economic situation, cross-border trade faces many new challenges. In the form of "barter", cross-border barter avoids the credit creation needs of financial intermediaries, but puts forward higher requirements for the information coordination and resource integration of each subject in the transaction chain. The construction of a new type of cross-border barter biological system emphasizes the cooperation and interaction among the participants, and effectively integrates the barter link by means of financial technology, which is of great significance to promote the development of new cross-border barter trade. In this context, this paper proposes an ecosystem framework combining fintech and cross-border barter, and deeply studies the settlement model based on cross-border barter. The results show that the new cross-border barter ecosystem consists of platform leaders, barter trading entities, logistics warehousing supporters and environmental parasitism groups. The application of fintech can promote the collaboration of all parties in the ecosystem and realize the complementary advantages of system members. Through evolutionary game analysis, this paper finds that promoting cooperation among various groups, optimizing incentive policies of leaders and establishing fair profit distribution mechanism are conducive to the stable development of cross-border barter ecosystem. This paper designs a blockchain-based cross-border barter settlement model by referring to the Trade Swap Support Instrument (INSTEX) and the Bank of Kunlun's settlement model for Iran. Blockchain technology is used to achieve property rights allocation and value transfer of barter assets, and the barter settlement model of cross-border circulation of goods and domestic settlement of funds is realized through the "closed loop" of debt repayment, further exploring the deep-level settlement problems of cross-border barter, and providing theoretical support and practical guidance for the development of new cross-border barter trade. [ABSTRACT FROM AUTHOR]