Blockchain evolution, artificial intelligence and ferrous metal trade

IF 10.2 2区经济学 0 ENVIRONMENTAL STUDIES

Resources Policy Pub Date : 2024-10-20 DOI:10.1016/j.resourpol.2024.105369

Qian Mao , Yilong Li

引用次数: 0

Abstract

This study examines the impact of blockchain technology and artificial intelligence (AI) on the trade volume of iron and steel in 20 major producing countries from 2005 to 2022. Using the FMOLS method, the results show that blockchain regulations reduce trade volumes by increasing transparency and compliance costs, deterring market participation. A 1% increase in AI robotics imports leads to a 0.296% decline in trade due to improved production efficiency. Economic growth and population growth, however, boost trade. A 1% rise in internet access reduces trade by 0.336% as digitalization enhances supply chain efficiency. Overall, blockchain and AI reduce extraction and trade volumes, supporting environmental sustainability. Policy recommendations include developing blockchain regulations, promoting green cryptocurrencies, and leveraging big data for sustainable practices in the ferrous metal industry.

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区块链演进、人工智能与黑色金属贸易

本研究探讨了区块链技术和人工智能（AI）对 20 个主要生产国 2005 年至 2022 年钢铁贸易量的影响。使用 FMOLS 方法，结果表明区块链法规通过增加透明度和合规成本降低了贸易量，阻碍了市场参与。由于生产效率的提高，人工智能机器人进口每增加 1%，贸易量就会下降 0.296%。然而，经济增长和人口增长会促进贸易。由于数字化提高了供应链效率，互联网接入每增加 1%，贸易就会减少 0.336%。总体而言，区块链和人工智能减少了开采和贸易量，支持了环境的可持续发展。政策建议包括制定区块链法规、推广绿色加密货币以及利用大数据促进黑色金属行业的可持续发展。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Resources Policy ENVIRONMENTAL STUDIES-

CiteScore

13.40

自引率

23.50%

发文量

602

审稿时长

69 days

期刊介绍： Resources Policy is an international journal focused on the economics and policy aspects of mineral and fossil fuel extraction, production, and utilization. It targets individuals in academia, government, and industry. The journal seeks original research submissions analyzing public policy, economics, social science, geography, and finance in the fields of mining, non-fuel minerals, energy minerals, fossil fuels, and metals. Mineral economics topics covered include mineral market analysis, price analysis, project evaluation, mining and sustainable development, mineral resource rents, resource curse, mineral wealth and corruption, mineral taxation and regulation, strategic minerals and their supply, and the impact of mineral development on local communities and indigenous populations. The journal specifically excludes papers with agriculture, forestry, or fisheries as their primary focus.