Can the blockchain help reduce major risks in international business, and if yes, how?
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- The aim of the work project is to highlight the effect of blockchain technology on the major risks of international business. The research employed a qualitative methodology to analyze and synthesize findings derived from books, academic articles, government websites, reports of research companies, and other sources. To highlight the most significant risks, the CAGE model was employed. According to the findings, the blockchain offers a lot of potential for lowering international business risk. Especially this technology could have a big impact on the logistical, financial, and legal risks.