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.