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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
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    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.
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