Abstract
Blockchain technology, as a bedrock for distributed ledgers, offers a platform
for innovation for a new decentralized and transparent transaction machinery
in industries and businesses, and the port is not an exception. The inbuilt
features of this technology enrich trust through transparency and traceability
within any transaction of data, goods, services, and financial resources.
Notwithstanding initial doubts about this technology, lately government and
large corporations have offered to adopt and enhance this technology in
various fields of applications, from social and legal industries, and finance
to design, maritime and port networks. In this paper, the authors review the
current status of the Blockchain technology and some of its applications.
The potential benefit of such a technology in port and maritime supply
chain is then discussed, and a vision for the future Blockchain ready port
and maritime supply chain are proposed. The importation of containerized
vehicles is used as an example to demonstrate how such technology can be
deployed in a global port industry. Finally, the requirements and challenges to
adopt this technology in the future in relation to, port and maritime systems
are discussed.
for innovation for a new decentralized and transparent transaction machinery
in industries and businesses, and the port is not an exception. The inbuilt
features of this technology enrich trust through transparency and traceability
within any transaction of data, goods, services, and financial resources.
Notwithstanding initial doubts about this technology, lately government and
large corporations have offered to adopt and enhance this technology in
various fields of applications, from social and legal industries, and finance
to design, maritime and port networks. In this paper, the authors review the
current status of the Blockchain technology and some of its applications.
The potential benefit of such a technology in port and maritime supply
chain is then discussed, and a vision for the future Blockchain ready port
and maritime supply chain are proposed. The importation of containerized
vehicles is used as an example to demonstrate how such technology can be
deployed in a global port industry. Finally, the requirements and challenges to
adopt this technology in the future in relation to, port and maritime systems
are discussed.
| Original language | English |
|---|---|
| Journal | Nordic and Baltic Journal of Information and Communications Technologies |
| Volume | 2019 |
| Pages (from-to) | 1-32 |
| Number of pages | 32 |
| ISSN | 1902-097X |
| DOIs | |
| Publication status | Published - 28 Jan 2020 |