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The Use of Blockchain in Vietnam’s Global Fishery Supply Chain Management

In: Innovation-Driven Business and Sustainability in the Tropics

Author

Listed:
  • Linh Hoang Tuan Nguyen

    (Sogang University)

  • Jungsuk Kim

    (Sejong University)

  • Benedict Atkinson

    (James Cook University)

  • Jacob Wood

    (James Cook University)

  • Haejin Jang

    (James Cook University)

Abstract

The issue of traceability has emerged as a fundamental tenet of sound logistics and supply chain management. In order to assess this issue, our study investigates the use of blockchain-based traceability frameworks to manage fisheries supply chains in Vietnam. From a methodological perspective, we assessed the contemporary empirical literature to research to achieve four key objectives. First, to provide a comprehensive analysis of the advantages and potential applications of blockchain from a Vietnamese fisheries perspective. Second, to present an application framework that consists of four stages, with the aim of improving the transparency and security of transaction information by adopting Internet of Things (IoT) and blockchain in each of the connections throughout the fishery supply chain. Third, to illustrate the five transformational phases in which blockchain technology can be applied to small and medium enterprises (SMEs) operating in the fishery industry. Finally, to establish a set of policy implications based around the infrastructural, regulatory gaps and human capital that exist in the fishery industry in Vietnam and affect blockchain. From our analysis, we find substantial cause for optimism about the role of blockchain can play as an engine of growth in Vietnam’s fishery export industry.

Suggested Citation

  • Linh Hoang Tuan Nguyen & Jungsuk Kim & Benedict Atkinson & Jacob Wood & Haejin Jang, 2023. "The Use of Blockchain in Vietnam’s Global Fishery Supply Chain Management," Springer Books, in: Emiel L. Eijdenberg & Malobi Mukherjee & Jacob Wood (ed.), Innovation-Driven Business and Sustainability in the Tropics, chapter 0, pages 53-70, Springer.
    • Handle: RePEc:spr:sprchp:978-981-99-2909-2_4
    DOI: 10.1007/978-981-99-2909-2_4
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