IDEAS home Printed from https://ideas.repec.org/a/eee/transe/v199y2025ics1366554525001942.html

Enhancing data sharing in maritime blockchain platforms: An incentive mechanism based on principal-agent model

Author

Listed:
  • Zheng, Hanyin
  • Li, Kevin X.
  • Ng, Adolf K.Y.
  • Liu, Yang
  • Jin, Mengjie
  • Chen, Zhuo
  • Xiao, Yi

Abstract

With the development of new technologies, blockchain-based digital maritime trade platforms have been developed to enhance interaction efficiency by involving participants in the platforms and encouraging them to share their related business data. However, it is challenging for platform enterprises to popularize their platforms and encourage participants involved with their platforms to share data. To promote data sharing, this study designs an incentive mechanism to maximize participants’ willingness to share data based on a principal-agent model. The main findings are as follows. First, optimal incentive strategy depends on interactions among factors including the sensitivity of platform’s total output to incentive subsidies, exogenous risks, platform enterprises’ risk aversion, participants’ data volumes, effort costs, and concerns over negative externalities. Second, utilities of platform enterprises and participants intersect at a unique equilibrium where optimal incentive subsidies and optimal effort coexist. Third, policy implications for platform enterprises in the maritime logistics industry are provided.

Suggested Citation

  • Zheng, Hanyin & Li, Kevin X. & Ng, Adolf K.Y. & Liu, Yang & Jin, Mengjie & Chen, Zhuo & Xiao, Yi, 2025. "Enhancing data sharing in maritime blockchain platforms: An incentive mechanism based on principal-agent model," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 199(C).
    • Handle: RePEc:eee:transe:v:199:y:2025:i:c:s1366554525001942
    DOI: 10.1016/j.tre.2025.104153
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S1366554525001942
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.tre.2025.104153?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

    for a different version of it.

    References listed on IDEAS

    as
    1. Asadabadi, Ali & Miller-Hooks, Elise, 2018. "Co-opetition in enhancing global port network resiliency: A multi-leader, common-follower game theoretic approach," Transportation Research Part B: Methodological, Elsevier, vol. 108(C), pages 281-298.
    2. Andreas Hein & Maximilian Schreieck & Tobias Riasanow & David Soto Setzke & Manuel Wiesche & Markus Böhm & Helmut Krcmar, 2020. "Digital platform ecosystems," Electronic Markets, Springer;IIM University of St. Gallen, vol. 30(1), pages 87-98, March.
    3. Jiyoon An, 2024. "Maritime logistics and digital transformation with big data: review and research trend," Maritime Business Review, Emerald Group Publishing Limited, vol. 9(3), pages 229-242, July.
    4. Andreas Hein & Maximilian Schreieck & Manuel Wiesche & Markus Böhm & Helmut Krcmar, 2019. "The emergence of native multi-sided platforms and their influence on incumbents," Electronic Markets, Springer;IIM University of St. Gallen, vol. 29(4), pages 631-647, December.
    5. Jing Gao & Yuhui Sun & Rameez Rameezdeen & Christopher Chow, 2024. "Understanding data governance requirements in IoT adoption for smart ports – a gap analysis," Maritime Policy & Management, Taylor & Francis Journals, vol. 51(4), pages 617-630, May.
    6. de Reuver, Mark & Sørensen, Carsten & Basole, Rahul C., 2018. "The digital platform: a research agenda," LSE Research Online Documents on Economics 80669, London School of Economics and Political Science, LSE Library.
    7. Mas-Colell, Andreu & Whinston, Michael D. & Green, Jerry R., 1995. "Microeconomic Theory," OUP Catalogue, Oxford University Press, number 9780195102680.
    8. Jovanovic, Marin & Sjödin, David & Parida, Vinit, 2022. "Co-evolution of platform architecture, platform services, and platform governance: Expanding the platform value of industrial digital platforms," Technovation, Elsevier, vol. 118(C).
    9. 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).
    10. Luan Thanh Le & Trang Xuan-Thi-Thu, 2024. "Discovering supply chain operation towards sustainability using machine learning and DES techniques: a case study in Vietnam seafood," Maritime Business Review, Emerald Group Publishing Limited, vol. 9(3), pages 243-262, July.
    11. Dan Zhuge & Shuaian Wang & Lu Zhen, 2024. "Shipping Emission Control Area Optimization Considering Carbon Emission Reduction," Operations Research, INFORMS, vol. 72(4), pages 1333-1351, July.
    12. Xiao, Yi & Li, Kevin X. & Qi, Guanqiu & Jin, Mengjie, 2023. "Game relations between platform enterprises and participants of digital interaction-sharing platforms in the maritime logistics industry," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 178(C).
    13. Gandomi, Amir & Haider, Murtaza, 2015. "Beyond the hype: Big data concepts, methods, and analytics," International Journal of Information Management, Elsevier, vol. 35(2), pages 137-144.
    14. Lu Zhen & Dan Zhuge & Shuanglu Zhang & Shuaian Wang & Harilaos N. Psaraftis, 2024. "Optimizing Sulfur Emission Control Areas for Shipping," Transportation Science, INFORMS, vol. 58(3), pages 614-638, May.
    Full references (including those not matched with items on IDEAS)

    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. Lerch, Christian M. & Horvat, Djerdj & Jasny, Johannes, 2024. "When manufacturers turn into digital platform providers: A transformation model to understand the platformization pathway," International Journal of Production Economics, Elsevier, vol. 273(C).
    2. Dolata, Ulrich, 2024. "Industry platforms: A new mode of coordination in the economy," Research Contributions to Organizational Sociology and Innovation Studies, SOI Discussion Papers 2024-02, University of Stuttgart, Institute for Social Sciences, Department of Organizational Sociology and Innovation Studies.
    3. Leutheuser, Viktoria & Müller, Julian M. & Voigt, Kai-Ingo, 2025. "Industrial transaction platforms: Impact and archetypes for business model innovation," Technovation, Elsevier, vol. 147(C).
    4. Li, Haoran & Wu, Yiwei & Xin, Baogui & Xu, Min & Wu, Shining, 2025. "Optimal operational and carbon neutrality strategies for private hospitals: A multi-objective approach considering patient flow," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 198(C).
    5. Maik Hesse & Timm Teubner & Marc T. P. Adam, 2022. "In Stars We Trust – A Note on Reputation Portability Between Digital Platforms," Business & Information Systems Engineering: The International Journal of WIRTSCHAFTSINFORMATIK, Springer;Gesellschaft für Informatik e.V. (GI), vol. 64(3), pages 349-358, June.
    6. Matzner, Martin & Pauli, Tobias & Marx, Emanuel & Anke, Jürgen & Poeppelbuss, Jens & Fielt, Erwin & Gregor, Shirley & Sun, Ruonan & Hydle, Katja Maria & Aas, Tor Helge & Aanestad, Margunn & Gordijn, J, 2021. "Transitioning to Platform-based Services and Business Models in a B2B Environment," SMR - Journal of Service Management Research, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 5(3), pages 143-162.
    7. Dolata, Ulrich, 2023. "Industrieplattformen: Eine neue Form der Handlungskoordination in der Wirtschaft," Research Contributions to Organizational Sociology and Innovation Studies, SOI Discussion Papers 2024-01, University of Stuttgart, Institute for Social Sciences, Department of Organizational Sociology and Innovation Studies.
    8. Zhong Wang & Rui Xu, 2022. "Price Controls and Platform Ecosystem: A Comparative Analysis of Parking Applications between Beijing and London," Sustainability, MDPI, vol. 14(9), pages 1-17, May.
    9. Rainer Alt, 2020. "Evolution and perspectives of electronic markets," Electronic Markets, Springer;IIM University of St. Gallen, vol. 30(1), pages 1-13, March.
    10. Erik Hartigh & Claire C.M. Stolwijk & J. Roland Ortt & L. Matthijs Punter, 2023. "Configurations of digital platforms for manufacturing: An analysis of seven cases according to platform functions and types," Electronic Markets, Springer;IIM University of St. Gallen, vol. 33(1), pages 1-17, December.
    11. Ha, Seungyeon & Kim, Seongcheol, 2024. "Developing a conceptual framework for digital platform literacy," Telecommunications Policy, Elsevier, vol. 48(3).
    12. Peng, Hui & Lu, Yaobin & Gupta, Sumeet, 2023. "Promoting value emergence through digital platform ecosystems: Perspectives on resource integration in China," Technological Forecasting and Social Change, Elsevier, vol. 189(C).
    13. Andreas Hein & Maximilian Schreieck & Tobias Riasanow & David Soto Setzke & Manuel Wiesche & Markus Böhm & Helmut Krcmar, 2020. "Digital platform ecosystems," Electronic Markets, Springer;IIM University of St. Gallen, vol. 30(1), pages 87-98, March.
    14. Raphaëlle Barbier & Skander Ben Yahia & Sylvain Lenfle & Benoit Weil, 2024. "Data-push innovation beyond serendipity: The case of a digital platform making Earth Observation data fit into multiple use contexts," Post-Print hal-04611800, HAL.
    15. Konrad Degen & Alexander Gleiss, 2025. "Time to break up? The case for tailor-made digital platform regulation based on platform-governance standard types," Electronic Markets, Springer;IIM University of St. Gallen, vol. 35(1), pages 1-23, December.
    16. Mosch, Philipp & Majocco, Philipp & Obermaier, Robert, 2023. "Contrasting value creation strategies of industrial-IoT-platforms – a multiple case study," International Journal of Production Economics, Elsevier, vol. 263(C).
    17. Barbier, Raphaëlle & Ben Yahia, Skander & Lenfle, Sylvain & Weil, Benoit, 2024. "Data-push innovation beyond serendipity: The case of a digital platform making Earth Observation data fit into multiple use contexts," Technovation, Elsevier, vol. 132(C).
    18. Li, Haoran & Wu, Yiwei & Xin, Baogui & Xu, Min & Wu, Shining, 2025. "Optimal carbon–neutral strategies in the healthcare system: A three-stage Stackelberg game model," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 198(C).
    19. Mollica, Melissa & Fraccascia, Luca & Nastasi, Alberto, 2025. "What drives the success of online platforms for industrial symbiosis? An agent-based model," Ecological Economics, Elsevier, vol. 230(C).
    20. Martin Engert & Julia Evers & Andreas Hein & Helmut Krcmar, 2022. "The Engagement of Complementors and the Role of Platform Boundary Resources in e-Commerce Platform Ecosystems," Information Systems Frontiers, Springer, vol. 24(6), pages 2007-2025, December.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    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:eee:transe:v:199:y:2025:i:c:s1366554525001942. 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: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/600244/description#description .

    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.