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Blockchain-Based Sea Waybill Trust Mechanism

In: Liss 2021

Author

Listed:
  • Yuan Feng

    (Shanghai Maritime University)

  • Wei Liu

    (Shanghai Maritime University)

Abstract

In traditional maritime trade, Bill of lading (B/L) transaction mode has many risks, such as poor timeliness and complicated procedures. Sea waybill (SWB) can effectively remedy the defects of bill of lading, but the crisis of trust is always the core problem that hinders the further development of sea waybill. In recent years, with the influence of shipping digitalization and the improvement of trust in the overall market, especially the emerging digital technology led by blockchain has brought a feasible solution to the problem of sea waybill trust. This article first briefly introduces the technology and theory of blockchain, and then according to its technical characteristics build system architecture to meet the requirements of shipping business blockchain and integrating it into the sea waybill trade, thus forming a complete sea waybill trust mechanism based on the technology of blockchain theory model, provides a train of thought for scholars after the study.

Suggested Citation

  • Yuan Feng & Wei Liu, 2022. "Blockchain-Based Sea Waybill Trust Mechanism," Lecture Notes in Operations Research, in: Xianliang Shi & Gábor Bohács & Yixuan Ma & Daqing Gong & Xiaopu Shang (ed.), Liss 2021, pages 248-258, Springer.
    • Handle: RePEc:spr:lnopch:978-981-16-8656-6_24
    DOI: 10.1007/978-981-16-8656-6_24
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