IDEAS home Printed from https://ideas.repec.org/a/gam/jlogis/v5y2021i3p55-d615535.html
   My bibliography  Save this article

Blockchain Solutions for International Logistics Networks along the New Silk Road between Europe and Asia

Author

Listed:
  • Bernard Aritua

    (Transport Global Practice, The World Bank Group, Washington, DC 20433, USA)

  • Clemens Wagener

    (BLG Logistics Group AG & Co. KG, 14612 Falkensee, Germany)

  • Norbert Wagener

    (Faculty of Management and Logistics, Poznan School of Logistics, 6 Estkowskiego Street, 61-755 Poznan, Poland
    Wagener & Herbst Management Consultants GmbH, Zeppelinstrasse 136, 14471 Potsdam, Germany)

  • Michał Adamczak

    (Faculty of Management and Logistics, Poznan School of Logistics, 6 Estkowskiego Street, 61-755 Poznan, Poland)

Abstract

The primary research that underpins this paper seeks to explore the applications of blockchain technology on a specific international corridor and to draw policy implications for decision makers. To analyze the bottlenecks of operating on the New Silk Road and to identify opportunities for applying the blockchain technology on this corridor, a survey was conducted among main train operators and experts working on this route. These responses provide insight into the issues related to the adoption of blockchain technology from front-line actors. The top three challenges are lack of capacities, congestion at transshipment terminals, and slow border crossing. Through the application of blockchain technology, the operators are presented with opportunities for improved accuracy in the processing of data and information, higher reliability of information flows through failure-free transfer of information, and improved traceability of supply chains through irrevocable input of status information. Currently, 50% of the respondents have started to implement blockchain applications or have an actual interest to apply blockchain solutions. For a wider implementation of blockchain solutions, business models need to be developed allowing private and permissioned access that is accepted and open for parties involved. Policy makers should facilitate these digital innovations through flexible and harmonized legal regulations on an international level.

Suggested Citation

  • Bernard Aritua & Clemens Wagener & Norbert Wagener & Michał Adamczak, 2021. "Blockchain Solutions for International Logistics Networks along the New Silk Road between Europe and Asia," Logistics, MDPI, vol. 5(3), pages 1-14, August.
    • Handle: RePEc:gam:jlogis:v:5:y:2021:i:3:p:55-:d:615535
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2305-6290/5/3/55/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2305-6290/5/3/55/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Hackius, Niels & Petersen, Moritz, 2017. "Blockchain in logistics and supply chain: Trick or treat?," Chapters from the Proceedings of the Hamburg International Conference of Logistics (HICL), in: Kersten, Wolfgang & Blecker, Thorsten & Ringle, Christian M. (ed.), Digitalization in Supply Chain Management and Logistics: Smart and Digital Solutions for an Industry 4.0 Environment. Proceedings of the Hamburg Inter, volume 23, pages 3-18, Hamburg University of Technology (TUHH), Institute of Business Logistics and General Management.
    2. Johannes Sedlmeir & Hans Ulrich Buhl & Gilbert Fridgen & Robert Keller, 2020. "The Energy Consumption of Blockchain Technology: Beyond Myth," Business & Information Systems Engineering: The International Journal of WIRTSCHAFTSINFORMATIK, Springer;Gesellschaft für Informatik e.V. (GI), vol. 62(6), pages 599-608, December.
    3. Marija Jović & Edvard Tijan & Dražen Žgaljić & Saša Aksentijević, 2020. "Improving Maritime Transport Sustainability Using Blockchain-Based Information Exchange," Sustainability, MDPI, vol. 12(21), pages 1-19, October.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Michael Paul Kramer & Linda Bitsch & Jon Hanf, 2021. "Blockchain and Its Impacts on Agri-Food Supply Chain Network Management," Sustainability, MDPI, vol. 13(4), pages 1-22, February.
    2. Arim Park & Huan Li, 2021. "The Effect of Blockchain Technology on Supply Chain Sustainability Performances," Sustainability, MDPI, vol. 13(4), pages 1-18, February.
    3. Yazıcı, Ali Fırat & Olcay, Ali Bahadır & Arkalı Olcay, Gökçen, 2023. "A framework for maintaining sustainable energy use in Bitcoin mining through switching efficient mining hardware," Technological Forecasting and Social Change, Elsevier, vol. 190(C).
    4. Roth, Tamara & Utz, Manuel & Baumgarte, Felix & Rieger, Alexander & Sedlmeir, Johannes & Strüker, Jens, 2022. "Electricity powered by blockchain: A review with a European perspective," Applied Energy, Elsevier, vol. 325(C).
    5. Aditi S. Saha & Rakesh D. Raut & Vinay Surendra Yadav & Abhijit Majumdar, 2022. "Blockchain Changing the Outlook of the Sustainable Food Supply Chain to Achieve Net Zero?," Sustainability, MDPI, vol. 14(24), pages 1-21, December.
    6. Erik Karger & Marvin Jagals & Frederik Ahlemann, 2021. "Blockchain for Smart Mobility—Literature Review and Future Research Agenda," Sustainability, MDPI, vol. 13(23), pages 1-32, November.
    7. Suneet Singh & Ashish Dwivedi & Saurabh Pratap, 2023. "Sustainable Maritime Freight Transportation: Current Status and Future Directions," Sustainability, MDPI, vol. 15(8), pages 1-23, April.
    8. Johannes Sedlmeir & Jonathan Lautenschlager & Gilbert Fridgen & Nils Urbach, 2022. "The transparency challenge of blockchain in organizations," Electronic Markets, Springer;IIM University of St. Gallen, vol. 32(3), pages 1779-1794, September.
    9. Schyga, Jakob & Hinckeldeyn, Johannes & Kreutzfeldt, Jochen, 2019. "Prototype for a permissioned blockchain in aircraft MRO," Chapters from the Proceedings of the Hamburg International Conference of Logistics (HICL), in: Kersten, Wolfgang & Blecker, Thorsten & Ringle, Christian M. (ed.), Artificial Intelligence and Digital Transformation in Supply Chain Management: Innovative Approaches for Supply Chains. Proceedings of the Hamburg Int, volume 27, pages 469-505, Hamburg University of Technology (TUHH), Institute of Business Logistics and General Management.
    10. Soto, Esteban A. & Bosman, Lisa B. & Wollega, Ebisa & Leon-Salas, Walter D., 2021. "Peer-to-peer energy trading: A review of the literature," Applied Energy, Elsevier, vol. 283(C).
    11. 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).
    12. Antonio Mileti & Daniele Arduini & Gordon Watson & Adriana Giangrande, 2022. "Blockchain Traceability in Trading Biomasses Obtained with an Integrated Multi-Trophic Aquaculture," Sustainability, MDPI, vol. 15(1), pages 1-14, December.
    13. Jesús Calderón & Theophanis C. Stratopoulos, 2020. "What Accountants Need to Know about Blockchain," Accounting Perspectives, John Wiley & Sons, vol. 19(4), pages 303-323, December.
    14. Büşra Ayan & Elif Güner & Semen Son-Turan, 2022. "Blockchain Technology and Sustainability in Supply Chains and a Closer Look at Different Industries: A Mixed Method Approach," Logistics, MDPI, vol. 6(4), pages 1-39, December.
    15. Agnese, Pablo & Rios, Francisco, 2024. "Spillover effects of energy transition metals in Chile," Energy Economics, Elsevier, vol. 134(C).
    16. Daeheon Choi & Chune Young Chung & Thou Seyha & Jason Young, 2020. "Factors Affecting Organizations’ Resistance to the Adoption of Blockchain Technology in Supply Networks," Sustainability, MDPI, vol. 12(21), pages 1-37, October.
    17. Abhirup Khanna & Anushree Sah & Vadim Bolshev & Michal Jasinski & Alexander Vinogradov & Zbigniew Leonowicz & Marek Jasiński, 2021. "Blockchain: Future of e-Governance in Smart Cities," Sustainability, MDPI, vol. 13(21), pages 1-21, October.
    18. Sebastian Kummer & David M. Herold & Mario Dobrovnik & Jasmin Mikl & Nicole Schäfer, 2020. "A Systematic Review of Blockchain Literature in Logistics and Supply Chain Management: Identifying Research Questions and Future Directions," Future Internet, MDPI, vol. 12(3), pages 1-15, March.
    19. Thume, Martina & Lange, Julia & Unkel, Martin & Prange, Alexander & Schürmeyer, Maik, 2021. "Blockchain-based traceability in the food industry: requirements analysis along the food supply chain," OSF Preprints uyb64, Center for Open Science.
    20. Claudia Durán & Amir Karbassi Yazdi & Iván Derpich & Yong Tan, 2024. "Leveraging Blockchain for Maritime Port Supply Chain Management through Multicriteria Decision Making," Mathematics, MDPI, vol. 12(10), pages 1-23, May.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jlogis:v:5:y:2021:i:3:p:55-:d:615535. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.