Application of Digital Technology to Trade Transactions and Challenges to Revitalize Digital Trade

Digital technology is being used in all industries and has also had an impact on trade, ushering in the era of digital trade. In particular, digital technologies such as artificial intelligence, blockchain, and big data are building a quick and safe digital trade ecosystem in trade transactions involving multiple trading parties. Our country, which is highly dependent on the external economy, must actively respond to the expansion of digital trade and secure international leadership. Therefore, this study examines the digital technologies being used in each trade transaction process and presents opinions on what is needed to revitalize digital trade.