A Novel Model for International Financial Transfers " A Framework Based on Financial Knowledge and Digital Technologies"

Document Type : Original Article

Authors
Mehdi Ghasemian oji 1
HAMIDREZA KORDLOUIE 2
SHADI Shahverdiani 3
1 PH D student, Department of Finance, Science and Research Branch, Islamic Azad University, Tehran, Iran
2 Associate Professor, Department of Finance, Science and Research Branch, Islamic Azad University, Tehran, Iran
3 Assistant Professor, Department of Economy Islamic, Qods Branch, Islamic Azad University, Tehran, Iran
10.22034/jik.2025.78403.4719
Abstract
The rapid transformation of global financial systems and the emergence of innovative technologies such as blockchain, digital currencies, and distributed financial networks have underscored the growing need for fundamental changes in international financial transfer methods. Traditional banking systems face numerous challenges, including high transaction costs, geographical limitations, payment processing delays, and excessive centralization. Moreover, economic sanctions and regulatory constraints have restricted access to global financial infrastructure for many countries and businesses.
This study proposes a five-layer model for international financial transfers based on decentralized technologies, comprising a decentralized banking network, digital wallet, stable digital currency, financial social network, and a connectivity layer. The proposed model reduces transaction costs, enhances payment speed and security, eliminates financial intermediaries, and fosters transparency, offering an efficient alternative to conventional systems. Additionally, with its scalable and flexible architecture, the model facilitates cross-border transactions under sanctions and banking restrictions.
The findings indicate that the proposed model, by leveraging modern information and communication technologies, can play a significant role in facilitating global financial exchanges, reducing dependency on centralized banking systems, and increasing countries' economic autonomy. However, successful implementation requires the development of technological infrastructure, the establishment of appropriate legal frameworks, and broad acceptance by users and financial institutions. Finally, the study suggests future research directions for further development of the model and its alignment with regulatory and operational requirements
  1. احمدی، م. (1403). "تحلیل مدل‌های غیرمتمرکز انتقالات مالی بین‌المللی". فصلنامه اقتصاد دیجیتال، 8(3)، 45-68​.
  2. کریمی، س. و همکاران.(1401). "نقش بلاک‌چین در کاهش هزینه تراکنش‌های بین‌المللی"نشریه پژوهش‌های مالی و بانکی، 12(1)، 98-114​.
  3. موسوی، ح. (1402). "مدیریت ریسک در سیستم‌های مالی غیرمتمرکز". مجله اقتصاد نوین، 9(2)، 22-40​.
  4. رحیمی، ک. (1400). "تأثیر تحریم‌های اقتصادی بر سیستم‌های پرداخت بین‌المللی". فصلنامه بین‌المللی مطالعات پولی، 6(4)، 77-89​.
  5. عباسی، م. (1402). "کاربرد ارزهای دیجیتال در اقتصاد جهانی". نشریه توسعه مالی، 10(3)، 34-50​.
  6. حمدی، م. (1403). تحلیل مدل‌های غیرمتمرکز انتقالات مالی بین‌المللی. فصلنامه اقتصاد دیجیتال، 8(3)، 45-68.
  7. کریمی، س. و همکاران. (1401). نقش بلاک‌چین در کاهش هزینه‌های تراکنش‌های بین‌المللی. نشریه پژوهش‌های مالی و بانکی، 12(1)، 98-114.
  8. موسوی، ح. (1402). مدیریت ریسک در سیستم‌های مالی غیرمتمرکز. مجله اقتصاد نوین، 9(2)، 22-40.
  9. رحیمی، ک. (1400). تأثیر تحریم‌های اقتصادی بر سیستم‌های پرداخت بین‌المللی. فصلنامه بین‌المللی مطالعات پولی، 6(4)، 77-89.
  10. عباسی، م. (1402). کاربرد ارزهای دیجیتال در اقتصاد جهانی. نشریه توسعه مالی، 10(3)، 34-50.
  11. نجفی، ر. (1401). الگوریتم‌های اجماع در شبکه‌های غیرمتمرکز مالی. پژوهش‌های فناوری مالی، 11(1)، 56-72.
  12. رضایی، ی. (1400). چالش‌های مقیاس‌پذیری در فناوری‌های مالی غیرمتمرکز. فصلنامه سیستم‌های اطلاعاتی و بانکی، 7(3)، 101-119.
  13. شریفی، ن. و همکاران. (1402). بررسی رشد DeFi و پذیرش عمومی ارزهای دیجیتال. نشریه نوآوری‌های مالی، 13(2)، 88-105.
  14. BCG (2023). The Future of Cross-Border Payments: How Blockchain is Transforming the Global Financial System. Boston Consulting Group.
  15. Chainalysis (2021). The 2021 Crypto Adoption Report: How Digital Assets Are Reshaping Financial Transactions. Chainalysis Research.
  16. ConsenSys (2021). DeFi: The Next Financial Evolution – Market Report. Retrieved from: https://consensys.net/
  17. Frontiers in Blockchain (2023). The Role of Decentralized Finance in the Global Economy. Frontiers Journal of Blockchain Research, 5(2), 45-67.
  18. IMF (2021). Fintech and Financial Inclusion: Unlocking the Potential of Decentralized Finance. International Monetary Fund Research Paper No. 21-89.
  19. IMF (2023). Digital Currencies and Cross-Border Transactions: Implications for the Global Economy. International Monetary Fund Report, 32(1), 121-134.
  20. Nansen (2023). The State of DeFi: Analyzing Trends and Challenges in Decentralized Finance. Nansen Analytics Report.
  21. PYMNTS (2022). How Blockchain is Disrupting the Traditional Banking Sector. PYMNTS.com Financial Insights.
  22. PYMNTS (2023). The Evolution of Digital Payments: A Comprehensive Market Analysis. PYMNTS Global Report.
  23. Ripple (2023). How RippleNet is Enabling Faster and More Affordable International Payments. Ripple Labs Whitepaper.
  24. Yu, H., & Wu, K. (2017). Decentralized Finance and the Role of Smart Contracts in Modern Banking. Journal of Financial Innovation, 12(3), 210-225.
  25. (2023). The Role of Swift in Cross-Border Payments. https://www.pymnts.com
  26. Yu, J., Wang, P., & Chen, L. (2017). Decentralized finance: Impact on cross-border payments. Journal of Financial Innovation, 15(2), 112-129.
  27. com. (2024). Global Cryptocurrency Adoption and Market Trends. Annual Financial Report, 12(1), 112-130.
  28. Frontiers in Blockchain. (2023). The Future of Decentralized Finance (DeFi) and Its Role in Financial Systems. https://www.frontiersin.org
  29. PMC (Publications in Modern Cryptography). (2022). Security Risks in Blockchain Transactions. Journal of Cryptographic Research, 19(3), 89-107.
  30. Cheng, J. Cheng, M. Zhou, F. Liu, S. Gao, C. Liu, Routing in Internet of Vehicles: A Review, IEEE Transactions on Intelligent Transportation Systems 16 (5). (2015)
  31. Senouci, Z. Aliouat, S. Harous, A review of routing protocols in internet of vehicles and their challenges, Sensor Review (Preprint).(2022).
  32. Wu, H. Tang, L. Dong, A Novel Routing Protocol Based on Mobile Social Networks and Internet of Vehicles, in: R. C.-H. Hsu, S. Wang (Eds.), Internet of Vehicles – Technologies and Services, Springer International Publishing, Cham, 2014.
  33. M. Masini, A. Bazzi, A. Zanella, A Survey on the Roadmap to Mandate on Board Connectivity and Enable V2V-Based Vehicular Sensor Networks, Sensors 18 (7) (2018).
  34. Yang, J. Wang, Y. Zhang, Z. Tang, S. Song, Clustering algorithm in VANETs: A survey, in: 2015 IEEE 9th International Conference on Anti-counterfeiting, Security, and Identification (ASID), (2015)
  35. Gama, P. Medas, G. Castillo, P. Rodrigues, Learning with drift detection, in: SBIA Brazilian Symposium on Artificial Intelligence, Springer Verlag , (2004).
  36. Gama, I. Žliobaite, A. Bifet, M. Pechenizkiy, , A survey on.concept drift adaptation, ACM Comput.
  37. International Monetary Fund (IMF). (2021). The Future of Payments in a Digital World.
  38. International Monetary Fund (IMF). (2023). Blockchain and Financial Inclusion: Global Impact.
  39. com (2024). "Global Cryptocurrency Adoption and Market Trends". Annual Financial Report, 12(1), 112-130​.