IDEAS home Printed from https://ideas.repec.org/a/spr/josatr/v7y2022i1d10.1186_s41072-021-00105-2.html
   My bibliography  Save this article

Review of studies of blockchain technology effects on the shipping industry

Author

Listed:
  • Kelly Gerakoudi-Ventouri

    (The American College of Greece)

Abstract

Decision-making is a prolific research area in the internet era, which has propelled globalization and the virtual elimination of many country border barriers. However, effective decision-making in the shipping industry is a time consuming and often complicated process. Digital evolution has provided new innovative organizational operation methods. Blockchain technology—a basic component of the Fourth Industrial Revolution—is one such innovation that promises to alter the process of decision-making. However, only a few academic studies have explored the decision-making aspect of blockchain technology. Moreover, there is a dearth of comprehensive research on how blockchain affects decisions in the shipping industry. This study explored how this novice technology can address issues, such as vast documentation and information asymmetry in the shipping industry. Specifically, grounded theory was used to qualitatively investigate extant practices and examine the potential impact of blockchain technology on decision-making in the shipping industry and the potential of using blockchain technology to emancipate decision-making. The study results indicate that the instant and reliable data-sharing capability of blockchain can significantly impact the shipping industry, while transforming its decision-making processes.

Suggested Citation

  • 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.
    • Handle: RePEc:spr:josatr:v:7:y:2022:i:1:d:10.1186_s41072-021-00105-2
    DOI: 10.1186/s41072-021-00105-2
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1186/s41072-021-00105-2
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1186/s41072-021-00105-2?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Maria Lambrou & Daisuke Watanabe & Junya Iida, 2019. "Shipping digitalization management: conceptualization, typology and antecedents," Journal of Shipping and Trade, Springer, vol. 4(1), pages 1-17, December.
    2. Chunguang April Bai & James Cordeiro & Joseph Sarkis, 2020. "Blockchain technology: Business, strategy, the environment, and sustainability," Business Strategy and the Environment, Wiley Blackwell, vol. 29(1), pages 321-322, January.
    3. Maurizio Massaro & Andrea Moro & Ewald Aschauer & Matthias Fink, 2019. "Trust, control and knowledge transfer in small business networks," Review of Managerial Science, Springer, vol. 13(2), pages 267-301, April.
    4. Zhong, Huiling & Zhang, Fa & Gu, Yimiao, 2021. "A Stackelberg game based two-stage framework to make decisions of freight rate for container shipping lines in the emerging blockchain-based market," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 149(C).
    5. Di Vaio, Assunta & Varriale, Luisa, 2020. "Blockchain technology in supply chain management for sustainable performance: Evidence from the airport industry," International Journal of Information Management, Elsevier, vol. 52(C).
    6. 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.
    7. Alberto Martín-Martín & Mike Thelwall & Enrique Orduna-Malea & Emilio Delgado López-Cózar, 2021. "Google Scholar, Microsoft Academic, Scopus, Dimensions, Web of Science, and OpenCitations’ COCI: a multidisciplinary comparison of coverage via citations," Scientometrics, Springer;Akadémiai Kiadó, vol. 126(1), pages 871-906, January.
    8. Roman Beck & Michel Avital & Matti Rossi & Jason Bennett Thatcher, 2017. "Blockchain Technology in Business and Information Systems Research," Business & Information Systems Engineering: The International Journal of WIRTSCHAFTSINFORMATIK, Springer;Gesellschaft für Informatik e.V. (GI), vol. 59(6), pages 381-384, December.
    9. Alberto Martín-Martín & Mike Thelwall & Enrique Orduna-Malea & Emilio Delgado López-Cózar, 2021. "Correction to: Google Scholar, Microsoft Academic, Scopus, Dimensions, Web of Science, and OpenCitations’ COCI: a multidisciplinary comparison of coverage via citations," Scientometrics, Springer;Akadémiai Kiadó, vol. 126(1), pages 907-908, January.
    10. Jyoti Mishra & David Allen & Alan Pearman, 2015. "Information seeking, use, and decision making," Journal of the Association for Information Science & Technology, Association for Information Science & Technology, vol. 66(4), pages 662-673, April.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Peter J. Stavroulakis & Stratos Papadimitriou, 2022. "Total cost of ownership in shipping: a framework for sustainability," Journal of Shipping and Trade, Springer, vol. 7(1), pages 1-14, December.
    2. Ye Zhen & Wen Qiao & Ruyuan Wang & Wenli Wang, 2023. "Blockchain Technology, Enterprise Risk and Enterprise Performance," Sustainability, MDPI, vol. 16(1), pages 1-17, December.
    3. Xue, Yuemei & Lai, Kee-hung, 2023. "Responsible shipping for sustainable development: Adoption and performance value," Transport Policy, Elsevier, vol. 130(C), pages 89-99.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Maurizio Massaro & Francesca Dal Mas & Charbel Jose Chiappetta Jabbour & Carlo Bagnoli, 2020. "Crypto‐economy and new sustainable business models: Reflections and projections using a case study analysis," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(5), pages 2150-2160, September.
    2. Ramón A. Feenstra & Emilio Delgado López-Cózar, 2022. "Philosophers’ appraisals of bibliometric indicators and their use in evaluation: from recognition to knee-jerk rejection," Scientometrics, Springer;Akadémiai Kiadó, vol. 127(4), pages 2085-2103, April.
    3. Weishu Liu & Meiting Huang & Haifeng Wang, 2021. "Same journal but different numbers of published records indexed in Scopus and Web of Science Core Collection: causes, consequences, and solutions," Scientometrics, Springer;Akadémiai Kiadó, vol. 126(5), pages 4541-4550, May.
    4. Rui Liang & Xichuan Zheng & Po-Hsun Wang & Jia Liang & Linhui Hu, 2023. "Research Progress of Carbon-Neutral Design for Buildings," Energies, MDPI, vol. 16(16), pages 1-50, August.
    5. Mehdi Toloo & Rouhollah Khodabandelou & Amar Oukil, 2022. "A Comprehensive Bibliometric Analysis of Fractional Programming (1965–2020)," Mathematics, MDPI, vol. 10(11), pages 1-21, May.
    6. Mike Thelwall, 2021. "Alternative medicines worth researching? Citation analyses of acupuncture, chiropractic, homeopathy, and osteopathy 1996–2017," Scientometrics, Springer;Akadémiai Kiadó, vol. 126(10), pages 8731-8747, October.
    7. Sam Arts & Nicola Melluso & Reinhilde Veugelers, 2023. "Beyond Citations: Measuring Novel Scientific Ideas and their Impact in Publication Text," Papers 2309.16437, arXiv.org, revised Nov 2023.
    8. Anting Wang & Mohd Nizam Osman & Megat Al-Imran Yasin & Nurul Ain Mohd Hasan & Ying Cui, 2024. "Tracing Evolution and Communication Dynamics in Chinese Independent Documentary Films (2012-2022): A Systematic Review of Genre, Censorship, Culture, and Distribution," Studies in Media and Communication, Redfame publishing, vol. 12(1), pages 368-381, March.
    9. Christopher Hansen & Holger Steinmetz & Jörn Block, 2022. "How to conduct a meta-analysis in eight steps: a practical guide," Management Review Quarterly, Springer, vol. 72(1), pages 1-19, February.
    10. Elena Andriollo & Alberto Caimo & Laura Secco & Elena Pisani, 2021. "Collaborations in Environmental Initiatives for an Effective “Adaptive Governance” of Social–Ecological Systems: What Existing Literature Suggests," Sustainability, MDPI, vol. 13(15), pages 1-29, July.
    11. Tessmann, R. & Elbert, R., 2022. "Multi sided platforms in competitive B2B networks with varying governmental influence – a taxonomy of Port and Cargo Community System business models," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 132320, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
    12. da Fonseca, André Luís A. & Campos, Roberta D., 2021. "The cultural intertwining of consumption and entrepreneurship: A selective review of qualitative studies," Journal of Business Research, Elsevier, vol. 135(C), pages 149-162.
    13. Michael Gusenbauer, 2022. "Search where you will find most: Comparing the disciplinary coverage of 56 bibliographic databases," Scientometrics, Springer;Akadémiai Kiadó, vol. 127(5), pages 2683-2745, May.
    14. Alejandro Valencia-Arias & Juana Ramírez Dávila & Wilmer Londoño-Celis & Lucia Palacios-Moya & Julio Leyrer Hernández & Erica Agudelo-Ceballos & Hernán Uribe-Bedoya, 2024. "Research Trends in the Use of the Internet of Things in Sustainability Practices: A Systematic Review," Sustainability, MDPI, vol. 16(7), pages 1-23, March.
    15. Basheer Kalash & Sarah Guillou & Lionel Nesta & Michele Pezzoni, 2022. "Does Lab Funding Matter for the Technological Application of Scientific Research? An Empirical Analysis of French Labs," GREDEG Working Papers 2022-14, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    16. David Kongpiwatana Narong & Philip Hallinger, 2024. "Traversing the Evolution of Research on Engineering Education for Sustainability: A Bibliometric Review (1991–2022)," Sustainability, MDPI, vol. 16(2), pages 1-18, January.
    17. Nezha Mejjad & Marzia Rovere, 2021. "Understanding the Impacts of Blue Economy Growth on Deep-Sea Ecosystem Services," Sustainability, MDPI, vol. 13(22), pages 1-26, November.
    18. Ruben Tessmann & Ralf Elbert, 2022. "Multi-sided platforms in competitive B2B networks with varying governmental influence – a taxonomy of Port and Cargo Community System business models," Electronic Markets, Springer;IIM University of St. Gallen, vol. 32(2), pages 829-872, June.
    19. Shir Aviv-Reuven & Ariel Rosenfeld, 2023. "A logical set theory approach to journal subject classification analysis: intra-system irregularities and inter-system discrepancies in Web of Science and Scopus," Scientometrics, Springer;Akadémiai Kiadó, vol. 128(1), pages 157-175, January.
    20. Diogo Da Fonseca-Soares & Josicleda Domiciano Galvinicio & Sayonara Andrade Eliziário & Angel Fermin Ramos-Ridao, 2022. "A Bibliometric Analysis of the Trends and Characteristics of Railway Research," Sustainability, MDPI, vol. 14(21), pages 1-19, October.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:josatr:v:7:y:2022:i:1:d:10.1186_s41072-021-00105-2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.