Purpose / Value
The concept of Blockchain technology in supply chain management is well discussed, yet
inadequately theorized in terms of its applicability, especially within the maritime industry,
which forms a fundamental node of the entire supply chain network. More so, the assumptive
grounds associated with the technology have not been openly articulated, leading to unclear
ideas about its applicability.
Design/methodology/approach
The research is designed divided into two Stages. This paper (Stage one) enhanced
literature review for data collection in order to gauge the properties of the Blockchain
technology, and to understand and map those characteristics with the Bill of Lading
process within maritime industry. In Stage two an online questionnaire is conducted to
assess the feasibility of Blockchain technology for different maritime use-cases.
Findings
The research that was collected and analysed partly from deliverable in the
Connect2SmallPort Project and from other literature suggests that Blockchain can be an
enabler for improving maritime supply chain. The use-case presented in this paper highlights
the practicality of the technology. It was identified that Blockchain possess characteristics
suitable to mitigate the risks and issues pertaining to the paper-based Bill of Lading process.
Research limitations
The study would mature further after the execution of the Stage Two. By the end of both
Stages, a framework for Blockchain adoption with a focus on the maritime industry would
be proposed.
Practical implications
The proposed outcome indicated the practicality of technology, which could be beneficial
for the port stakeholders that wish to use Blockchain in processing Bill of Lading or
contracts.
Social implications
The study may influence the decision makers to consider the benefits of using the Blockchain
technology, thereby, creating opportunities for the maritime industry to leverage the
technology with government’s support.