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Blockchain adoptions in the maritime industry: a conceptual framework

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  • Shuyi Pu
  • Jasmine Siu Lee Lam

Abstract

Blockchain technology has become one of the emerging technologies set to disrupt the maritime industry. Maritime companies are increasingly exploring to adopt blockchain to stay ahead of competition. However, studies on blockchain applications in the maritime sector have been scarce and most of them are confined to a specific sector like the maritime shipping sector. Therefore, this study is motivated to provide a thorough analysis of blockchain applications from the perspectives of different sectors in the industry. It also aims to develop a novel conceptual framework to provide a holistic view of blockchain adoption in the industry and guide future research. The implication analysis of blockchain adoption indicates that for industry organisations, a good understanding of blockchain and their own specific problems and requirements is key before adopting the technology. For government agencies, technical code for blockchain can be utilised to govern blockchain innovation with the same effects as legal code. Lastly, recommendations are provided to various maritime stakeholders to seize the emerging opportunities provided by blockchain and mitigate relevant risks.

Suggested Citation

  • Shuyi Pu & Jasmine Siu Lee Lam, 2021. "Blockchain adoptions in the maritime industry: a conceptual framework," Maritime Policy & Management, Taylor & Francis Journals, vol. 48(6), pages 777-794, August.
    • Handle: RePEc:taf:marpmg:v:48:y:2021:i:6:p:777-794
    DOI: 10.1080/03088839.2020.1825855
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    Citations

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    Cited by:

    1. Zhongmiao Sun & Qi Xu & Jinrong Liu, 2023. "Dynamic Incentive Contract of Government for Port Enterprises to Reduce Emissions in the Blockchain Era: Considering Carbon Trading Policy," Sustainability, MDPI, vol. 15(16), pages 1-40, August.
    2. Pu, Shuyi & Lam, Jasmine Siu Lee, 2023. "The benefits of blockchain for digital certificates: A multiple case study analysis," Technology in Society, Elsevier, vol. 72(C).
    3. Li, Xue & Oh, Poong & Zhou, Yusheng & Yuen, Kum Fai, 2023. "Operational risk identification of maritime surface autonomous ship: A network analysis approach," Transport Policy, Elsevier, vol. 130(C), pages 1-14.
    4. Schnelle, Johannes & Schröder, Meike & Kersten, Wolfgang, 2022. "Framework for the adoption of blockchain in maritime cold chains," Chapters from the Proceedings of the Hamburg International Conference of Logistics (HICL), in: Kersten, Wolfgang & Jahn, Carlos & Blecker, Thorsten & Ringle, Christian M. (ed.), Changing Tides: The New Role of Resilience and Sustainability in Logistics and Supply Chain Management – Innovative Approaches for the Shift to a New , volume 33, pages 121-148, Hamburg University of Technology (TUHH), Institute of Business Logistics and General Management.
    5. Kelly Gerakoudi-Ventouri, 2022. "Review of studies of blockchain technology effects on the shipping industry," Journal of Shipping and Trade, Springer, vol. 7(1), pages 1-18, December.
    6. Balci, Gökcay & Surucu-Balci, Ebru, 2021. "Blockchain adoption in the maritime supply chain: Examining barriers and salient stakeholders in containerized international trade," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 156(C).

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