Designing a Decentralized Framework for International Financial Transfers Based on Smart Contracts and Intelligent Monitoring

Articles in Press

Document Type : Original Article

Authors
Mehdi Ghasemian Oji Talari 1
ّFraydoon Rahnamay Roodposhti 2
Hamidreza Kordlouie 3
Shadi Shahverdiani 4
1 Ph.D. Candidate, Department of Finance, Science and Research Branch, Islamic Azad University, Tehran, Iran
2 Professor, Department of Finance, Science and Research Branch, Islamic Azad University, Tehran, Iran
3 Associate Professor, Department of Finance, Science and Research Branch, Islamic Azad University, Tehran, Iran
4 Assistant Professor, Department of Economics, Shahre Qods Branch, Islamic Azad University, Tehran, Iran
10.22034/jik.2026.79246.4949
Abstract
International financial transfers face significant challenges, including high transaction costs, settlement delays, infrastructural constraints, and operational and compliance risks. This study aims to design a decentralized five-layer framework for managing international financial transfers based on smart contracts and intelligent monitoring. The proposed framework consists of interbank financial exchanges, a decentralized financial social network, digital wallets, stable digital currency, and an integration and operations management layer, which are structured as a process-oriented and controllable architecture.
The research adopts an applied-developmental approach using a mixed-method design. Key components were identified through semi-structured expert interviews and subsequently validated using the fuzzy Delphi method. The findings indicate that the proposed framework, by decomposing the transfer process into distinct layers and embedding horizontal control mechanisms, reduces dependency on centralized pathways, enhances process control, improves transparency and traceability, and strengthens dynamic risk management.
Keywords
International Financial Transfers
Blockchain
Smart Contracts
Intelligent Monitoring
Stable Digital Currency
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