Blockchain Technology and the Efficiency of Supply Chains in the Marine Freight Industry

  • Alissa Schwab
  • , Yi Wang*
  • *Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingConference proceedings published in a bookpeer-review

Abstract

This paper deals with the influence of blockchain technology on the efficiency of supply-chains in the marine freight industry. Blockchain is described and the issues of the shipping industry investigated. Following this, the implementation of blockchain technology in marine freight is critically evaluated in regard to the described problems of this industry. Furthermore, this paper points out the advantages and disadvantages of blockchain followed by a conclusion which shows that this new technology can resolve certain problems if a number of obstacles have been overcome.

Original languageEnglish
Title of host publicationAdvanced Manufacturing and Automation XI
EditorsYi Wang, Kristian Martinsen, Tao Yu, Kesheng Wang
PublisherSpringer Science and Business Media Deutschland GmbH
Pages766-771
Number of pages6
ISBN (Print)9789811905711
DOIs
Publication statusPublished - 2022
Event11th International Workshop of Advanced Manufacturing and Automation, IWAMA 2021 - Virtual, Online
Duration: 11 Oct 202112 Oct 2021

Publication series

NameLecture Notes in Electrical Engineering
Volume880 LNEE
ISSN (Print)1876-1100
ISSN (Electronic)1876-1119

Conference

Conference11th International Workshop of Advanced Manufacturing and Automation, IWAMA 2021
CityVirtual, Online
Period11/10/2112/10/21

ASJC Scopus subject areas

  • Industrial and Manufacturing Engineering

Keywords

  • Blockchain
  • Marine freight
  • Supply chain efficiency

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