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Rethinking Blockchain Technologies for the Maritime Industry: An Overview of the Current Landscape

Author

Listed:
  • Heejoo Kim

    (Institute of High Performance Computing (IHPC), Agency for Science, Technology and Research (A*STAR), 1 Fusionopolis Way, #16-16 Connexis, Singapore 138632, Singapore
    Department of Convergence Security Engineering, Sungshin Women’s University, 2 Bomun-ro, 34 da-gil, Seongbuk-gu, Seoul 02844, Republic of Korea)

  • Zhe Xiao

    (Institute of High Performance Computing (IHPC), Agency for Science, Technology and Research (A*STAR), 1 Fusionopolis Way, #16-16 Connexis, Singapore 138632, Singapore)

  • Xiaocai Zhang

    (Department of Infrastructure Engineering, University of Melbourne, Kernot Rd, Parkville, VIC 3052, Australia)

  • Xiuju Fu

    (Institute of High Performance Computing (IHPC), Agency for Science, Technology and Research (A*STAR), 1 Fusionopolis Way, #16-16 Connexis, Singapore 138632, Singapore)

  • Zheng Qin

    (Institute of High Performance Computing (IHPC), Agency for Science, Technology and Research (A*STAR), 1 Fusionopolis Way, #16-16 Connexis, Singapore 138632, Singapore)

Abstract

This survey aims to provide an up-to-date and succinct yet informative overview of the blockchain technologies for the maritime industry. We synthesize the recent advancements in blockchain development and its adoption across maritime sectors, highlighting the key blockchain use cases, including promoting maritime sustainability and optimizing maritime supply chain management through improved traceability, advancing smart shipping with automated processes and fostering collaboration among stakeholders by enhancing transparency. Through an analysis of current implementations, pilot projects, and case studies, we especially focus on identifying the challenges and barriers, reasoning on the status quo, and the opportunities and future perspectives for blockchain in maritime.

Suggested Citation

  • Heejoo Kim & Zhe Xiao & Xiaocai Zhang & Xiuju Fu & Zheng Qin, 2024. "Rethinking Blockchain Technologies for the Maritime Industry: An Overview of the Current Landscape," Future Internet, MDPI, vol. 16(12), pages 1-19, December.
    • Handle: RePEc:gam:jftint:v:16:y:2024:i:12:p:454-:d:1535943
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    References listed on IDEAS

    as
    1. Son Nguyen & Aengus Leman & Zhe Xiao & Xiuju Fu & Xiaocai Zhang & Xiaoyang Wei & Wanbing Zhang & Ning Li & Wei Zhang & Zheng Qin, 2023. "Blockchain-Powered Incentive System for JIT Arrival Operations and Decarbonization in Maritime Shipping," Sustainability, MDPI, vol. 15(22), pages 1-22, November.
    2. Papathanasiou, Angeliki & Cole, Rosanna & Murray, Philip, 2020. "The (non-)application of blockchain technology in the Greek shipping industry," European Management Journal, Elsevier, vol. 38(6), pages 927-938.
    3. Ying, Wenchi & Jia, Suling & Du, Wenyu, 2018. "Digital enablement of blockchain: Evidence from HNA group," International Journal of Information Management, Elsevier, vol. 39(C), pages 1-4.
    4. Kouhizadeh, Mahtab & Saberi, Sara & Sarkis, Joseph, 2021. "Blockchain technology and the sustainable supply chain: Theoretically exploring adoption barriers," International Journal of Production Economics, Elsevier, vol. 231(C).
    5. Richard Brophy, 2019. "Blockchain and insurance: a review for operations and regulation," Journal of Financial Regulation and Compliance, Emerald Group Publishing Limited, vol. 28(2), pages 215-234, November.
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