The Innovative Model of Blockchain Technology and Its Application in Promoting International Fair Trade: Design and Analysis of the IFTBOM Blockchain Framework Model

Abstract

In this Research, researchers proposed a new framework model for applying blockchain technology, aiming to solve multiple challenges in international fair trade. Through a detailed analysis of the existing trade imbalance and market access restrictions, the paper expounds how blockchain technology can improve the transparency and fairness of trade through its core functions.

Globalization and technological progress have promoted the rapid development of international trade, but also brought many challenges. The fair-trade movement tried to provide more fair-trading conditions for small-scale producers in developing countries, but the market acceptance was not high, and consumers' cognition was limited. The purpose of this study is to explore how blockchain technology can promote fair trade practices, especially through real-time monitoring and verification of the fairness of trade activities, and how to deal with uncertainties and data changes in fair trade. The design and implementation of IFTBOM model is expected to significantly improve the global fair-trade environment, especially for small-scale producers in developing countries, and help significantly improve their economic and social conditions. By implementing these policies and practices, we can expect to achieve a fairer and more transparent trade environment in the global context.