Abstract
In this paper, the authors perform a comprehensive literature review of the positive impacts of blockchain-based information exchange in the maritime transport sector, as well as the challenges and barriers for successful blockchain-based information exchange, considering all three aspects of the sustainability (economic, environmental, and social). The papers from relevant databases (Web of Science and Scopus) and selected studies have been used. The literature coverage was expanded by using backward snowball sampling. In total, 20 positive impacts and 20 challenges/barriers were singled out. Despite the identified barriers and challenges (such as the slow acceptance of blockchain technology in the maritime transport sector or the high implementation cost), blockchain technology possesses a definite potential to improve the information exchange between all involved stakeholders (for example, by improving the visibility across transport routes and by reducing the paper-based processes), positively affecting all three aspects of sustainability. The authors contribute to the existing research of the economic aspect of maritime transport sustainability by blockchain-based information exchange by expanding it and by researching the environmental and social aspects of sustainability.
Highlights
The shipping industry is still a traditionally oriented industry, despite numerous technological revolutions [1]
After analyzing the connection between the maritime transport and sustainability as well as the theoretical part of blockchain technology, the authors analyzed the positive impacts of blockchain-based information exchange in the maritime transport sector and have identified the challenges and barriers of the blockchain technology in the maritime transport sector, considering all three aspects of sustainability
The authors have first analysed the positive impacts of the blockchain-based information exchange in the maritime transport sector, including all three aspects of sustainability
Summary
The shipping industry is still a traditionally oriented industry, despite numerous technological revolutions [1]. The aim of the research endeavor was to identify the positive impacts of blockchain on information exchange among the stakeholders as well as the challenges and barriers to successful blockchain-based information exchange in the maritime transport sector, considering all the aspects of sustainability. To achieve this aim, the following research questions were addressed in this study:. What are the positive impacts of the blockchain-based information exchange in the maritime transport sector (considering all three aspects of the sustainability)?. After analyzing the connection between the maritime transport and sustainability as well as the theoretical part of blockchain technology, the authors analyzed the positive impacts of blockchain-based information exchange in the maritime transport sector and have identified the challenges and barriers of the blockchain technology in the maritime transport sector, considering all three aspects of sustainability
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