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Blockchain adoption in the maritime supply chain: Examining barriers and salient stakeholders in containerized international trade

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  • Balci, Gökcay
  • Surucu-Balci, Ebru

Abstract

This study aimed to investigate the relationships between blockchain adoption barriers and identified the salient stakeholders for blockchain adoption in containerized international trade. The interpretative structural modelling and Cross-Impact Matrix Multiplication Applied to Classification analyses indicated that the most impactful among the eight barriers are lack of support from influential stakeholders, lack of understanding regarding blockchain, and lack of government regulations. The stakeholder mapping analysis demonstrated that the high salient stakeholders among 11 legitimate stakeholders are container lines, ports, beneficial cargo owners, freight forwarders/third party logistics, and customs authorities. The study is original and contributes to theory and practice as it uncovers both impactful barriers and critical stakeholders by adopting a stakeholder theory perspective and offers significant implications to practice, policy, and theory by combining these two analyses.

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  • 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).
    • Handle: RePEc:eee:transe:v:156:y:2021:i:c:s1366554521002982
    DOI: 10.1016/j.tre.2021.102539
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    Cited by:

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    3. Davies, Jennifer & Sharifi, Hossein & Lyons, Andrew & Forster, Rick & Elsayed, Omar Khaled Shokry Mohamed, 2024. "Non-fungible tokens: The missing ingredient for sustainable supply chains in the metaverse age?," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 182(C).
    4. Dimitris Gavalas & Theodoros Syriopoulos & Efthimios Roumpis, 2022. "Digital adoption and efficiency in the maritime industry," Journal of Shipping and Trade, Springer, vol. 7(1), pages 1-22, December.
    5. Tiwari, Sunil & Sharma, Pankaj & Choi, Tsan-Ming & Lim, Andrew, 2023. "Blockchain and third-party logistics for global supply chain operations: Stakeholders’ perspectives and decision roadmap," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 170(C).
    6. Schnelle, Johannes & Schröder, Meike & Kersten, Wolfgang, 2022. "Framework for the adoption of blockchain in maritime cold chains," Chapters from the Proceedings of the Hamburg International Conference of Logistics (HICL), in: Kersten, Wolfgang & Jahn, Carlos & Blecker, Thorsten & Ringle, Christian M. (ed.), Changing Tides: The New Role of Resilience and Sustainability in Logistics and Supply Chain Management – Innovative Approaches for the Shift to a New , volume 33, pages 121-148, Hamburg University of Technology (TUHH), Institute of Business Logistics and General Management.
    7. Huizhu Ju & Qingcheng Zeng & Xiang Chu & Yimeng Li, 2024. "Cooperative investment strategies of ports and shipping companies in blockchain technology," Operational Research, Springer, vol. 24(2), pages 1-33, June.
    8. Schoenherr, Tobias, 2023. "Supply chain management professionals’ proficiency in big data analytics: Antecedents and impact on performance," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 169(C).
    9. Kumar, Sourabh & Barua, Mukesh Kumar, 2023. "Exploring the hyperledger blockchain technology disruption and barriers of blockchain adoption in petroleum supply chain," Resources Policy, Elsevier, vol. 81(C).
    10. Li, Guo & Xue, Jing & Li, Na & Ivanov, Dmitry, 2022. "Blockchain-supported business model design, supply chain resilience, and firm performance," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 163(C).
    11. Singh, Atul Kumar & Kumar, V.R. Prasath & Dehdasht, Gholamreza & Mohandes, Saeed Reza & Manu, Patrick & Pour Rahimian, Farzad, 2023. "Investigating barriers to blockchain adoption in construction supply chain management: A fuzzy-based MCDM approach," Technological Forecasting and Social Change, Elsevier, vol. 196(C).
    12. Wu, Sihong & Huang, Xinli & Fan, Di & Su, Yiyi & Li, Yongjian, 2023. "Cluster linkages in the global production networks: Exploring the impacts on the expansion of emerging market multinationals," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 171(C).
    13. Mishra, Ruchi & Kr Singh, Rajesh & Daim, Tugrul U. & Fosso Wamba, Samuel & Song, Malin, 2024. "Integrated usage of artificial intelligence, blockchain and the internet of things in logistics for decarbonization through paradox lens," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 189(C).
    14. Surucu-Balci, Ebru & Iris, Çağatay & Balci, Gökcay, 2024. "Digital information in maritime supply chains with blockchain and cloud platforms: Supply chain capabilities, barriers, and research opportunities," Technological Forecasting and Social Change, Elsevier, vol. 198(C).
    15. Debroy, Arindam & Dadsena, Krishna Kumar & Bhattacharjee, Pushparenu & Verma, Anuj & Verma, Meenakshi, 2024. "Evaluating the inhibitors in the growth of high-speed railway in India: A multi-stakeholder perspective," Transport Policy, Elsevier, vol. 155(C), pages 93-109.
    16. Wohlleber, Annika & Münch, Christopher & Hartmann, Evi, 2022. "Prevailing technologies and adoption obstacles in maritime logistics," Chapters from the Proceedings of the Hamburg International Conference of Logistics (HICL), in: Kersten, Wolfgang & Jahn, Carlos & Blecker, Thorsten & Ringle, Christian M. (ed.), Changing Tides: The New Role of Resilience and Sustainability in Logistics and Supply Chain Management – Innovative Approaches for the Shift to a New , volume 33, pages 559-588, Hamburg University of Technology (TUHH), Institute of Business Logistics and General Management.

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