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Blockchain Adoption in Maritime Supply Chain: Another Catch-Up Game for African Maritime Industry?

In: DIGITIZATION IN SUPPLY CHAIN MANAGEMENT Trends, Challenges and Solutions

Author

Listed:
  • Olugbenga Ayo Ojubanire
  • Hicham Sebti
  • Sabrina Berbain

Abstract

With over 90% of the world’s goods relying on the maritime industry for transport, the digitalization of the maritime supply chain and logistics is greatly due. The real-world utility of blockchain technologies is hardly a subject of concern today, even in Africa. The application and success stories are evident in key economic sectors with the digitalization of payments as a predominant example. Although classical maritime logistics has a poor end-to-end supply chain integration, digitalization of shipping operations leads to the creation of new and innovative business models capable of generating real values across the global value chain. While several studies have been done on digitalization with a focus on technologies of digitalization and the manufacturing industry, maritime supply chain issues in emerging economies such as Africa are yet to get much attention. This study, therefore, expounds on the challenges and opportunities of blockchain adoption in the African maritime industry.

Suggested Citation

  • Olugbenga Ayo Ojubanire & Hicham Sebti & Sabrina Berbain, 2024. "Blockchain Adoption in Maritime Supply Chain: Another Catch-Up Game for African Maritime Industry?," World Scientific Book Chapters, in: Sengun Yeniyurt & Steven Carnovale (ed.), DIGITIZATION IN SUPPLY CHAIN MANAGEMENT Trends, Challenges and Solutions, chapter 6, pages 103-130, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811286636_0006
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    More about this item

    Keywords

    Digitalization; Supply Chain Management; Blockchain; IoT; Digital;
    All these keywords.

    JEL classification:

    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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