Chapter 11 - Blockchain technology as key contributor to the integration of maritime supply chain?

Abstract

The maritime supply chain is increasingly embracing digital innovation. This development is inextricably linked to the underlying technology, and that is the so-called distributed ledger technology (DLT). At a rapid pace, blockchain initiatives are launched in the market. This chapter begins with the inefficiencies in the maritime supply chain and the barriers to further integration of the maritime supply chain through digitization. In addition, the research analyzes those initiatives that focus on data-related inefficiencies in the maritime supply chain. Within the empirical research framework, blockchain conceptual characteristics, blockchain technical design choices, and three implemented DLT solutions are examined. This research approach shows to what extent blockchain technology contributes to further integration of the maritime supply chain. Evidence is found that nontechnical barriers (e.g., resistance to change, lack of awareness, and understanding) are not to be underestimated.