IDEAS home Printed from https://ideas.repec.org/p/osf/socarx/apsz9_v1.html
   My bibliography  Save this paper

Blockchain in Global Trade: Insights from the TradeLens Experiment

Author

Listed:
  • George, Babu

    (Alcorn State University)

Abstract

The digital transformation of global supply chains has aimed to enhance transparency, efficiency, and security, with blockchain emerging as a key enabler. This paper examines Maersk’s TradeLens initiative, a blockchain-powered shipping platform, within the broader context of digital supply chain innovation. Initially launched to revolutionize maritime logistics, TradeLens demonstrated blockchain’s potential for data sharing, risk mitigation, and operational streamlining. However, despite technological promise and industry participation, it was discontinued in early 2023 due to challenges in scaling adoption and achieving commercial viability. This study critically evaluates the structural, strategic, and economic barriers that hindered its success, providing key insights for future digital supply chain transformations. We highlight the necessity of industry-wide collaboration, governance frameworks, regulatory alignment, and sustainable business models to ensure the viability of digital trade networks.

Suggested Citation

  • George, Babu, 2025. "Blockchain in Global Trade: Insights from the TradeLens Experiment," SocArXiv apsz9_v1, Center for Open Science.
    • Handle: RePEc:osf:socarx:apsz9_v1
    DOI: 10.31219/osf.io/apsz9_v1
    as

    Download full text from publisher

    File URL: https://osf.io/download/67bd5afb3f268cc20855646d/
    Download Restriction: no
    File URL: https://libkey.io/10.31219/osf.io/apsz9_v1?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Abderahman Rejeb & John G. Keogh & Horst Treiblmaier, 2019. "Leveraging the Internet of Things and Blockchain Technology in Supply Chain Management," Future Internet, MDPI, vol. 11(7), pages 1-22, July.
    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. Luisanna Cocco & Roberto Tonelli & Michele Marchesi, 2021. "Blockchain and Self Sovereign Identity to Support Quality in the Food Supply Chain," Future Internet, MDPI, vol. 13(12), pages 1-19, November.
    2. Ji Jiang & Jin Chen, 2021. "Framework of Blockchain-Supported E-Commerce Platform for Small and Medium Enterprises," Sustainability, MDPI, vol. 13(15), pages 1-14, July.
    3. Abderahman Rejeb & Karim Rejeb & John G. Keogh & Suhaiza Zailani, 2022. "Barriers to Blockchain Adoption in the Circular Economy: A Fuzzy Delphi and Best-Worst Approach," Sustainability, MDPI, vol. 14(6), pages 1-23, March.
    4. Abderahman Rejeb & Karim Rejeb & Steven J. Simske & John G. Keogh, 2022. "Blockchain technology in the smart city: a bibliometric review," Quality & Quantity: International Journal of Methodology, Springer, vol. 56(5), pages 2875-2906, October.
    5. Abderahman Rejeb & John G. Keogh & Suhaiza Zailani & Horst Treiblmaier & Karim Rejeb, 2020. "Blockchain Technology in the Food Industry: A Review of Potentials, Challenges and Future Research Directions," Logistics, MDPI, vol. 4(4), pages 1-26, October.
    6. Batwa, Abbas & Norrman, Andreas & Arvidsson, Ala, 2021. "How Blockchain interrelates with trust in the supply chain context: Insights from tracing sustainability in the metal industry," Chapters from the Proceedings of the Hamburg International Conference of Logistics (HICL), in: Kersten, Wolfgang & Ringle, Christian M. & Blecker, Thorsten (ed.), Adapting to the Future: How Digitalization Shapes Sustainable Logistics and Resilient Supply Chain Management. Proceedings of the Hamburg Internationa, volume 31, pages 329-351, Hamburg University of Technology (TUHH), Institute of Business Logistics and General Management.
    7. Xu Lijuan & Zhang Mengze & Abdullayeva Irada, 2022. "Improving the Supply Chain Management," Foundations of Management, Sciendo, vol. 14(1), pages 127-142, January.
    8. Xiaolin Li & Hongbo Jiao & Liming Cheng & Yilin Yin & Huimin Li & Wenqing Mu & Ruirui Zhang, 2023. "A Quantitative and Qualitative Review of Blockchain Research from 2015 to 2021," Sustainability, MDPI, vol. 15(6), pages 1-20, March.
    9. Sara Alonso-Muñoz & Rocío González-Sánchez & Cristina Siligardi & Fernando Enrique García-Muiña, 2021. "Building Exploitation Routines in the Circular Supply Chain to Obtain Radical Innovations," Resources, MDPI, vol. 10(3), pages 1-18, March.
    10. 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.
    11. Jiang Duan & Chen Zhang & Yu Gong & Steve Brown & Zhi Li, 2020. "A Content-Analysis Based Literature Review in Blockchain Adoption within Food Supply Chain," IJERPH, MDPI, vol. 17(5), pages 1-17, March.
    12. Geneci da Silva Ribeiro Rocha & Letícia de Oliveira & Edson Talamini, 2021. "Blockchain Applications in Agribusiness: A Systematic Review," Future Internet, MDPI, vol. 13(4), pages 1-16, April.
    13. Hongxia Zhang & Zixuan Sun & Ehsan Elahi & Yuge Zhang, 2021. "Internet Development, Level of Industrial Synergy, and Urban Innovation," Sustainability, MDPI, vol. 13(22), pages 1-12, November.
    14. Luisanna Cocco & Roberto Tonelli & Michele Marchesi, 2022. "A System Proposal for Information Management in Building Sector Based on BIM, SSI, IoT and Blockchain," Future Internet, MDPI, vol. 14(5), pages 1-20, April.
    15. Horst Treiblmaier, 2021. "Exploring the Next Wave of Blockchain and Distributed Ledger Technology: The Overlooked Potential of Scenario Analysis," Future Internet, MDPI, vol. 13(7), pages 1-13, July.
    16. Hu, Hui & Xu, Jiajun & Liu, Mengqi & Lim, Ming K., 2023. "Vaccine supply chain management: An intelligent system utilizing blockchain, IoT and machine learning," Journal of Business Research, Elsevier, vol. 156(C).
    17. Alireza Abdollahi & Karim Rejeb & Abderahman Rejeb & Mohamed M. Mostafa & Suhaiza Zailani, 2021. "Wireless Sensor Networks in Agriculture: Insights from Bibliometric Analysis," Sustainability, MDPI, vol. 13(21), pages 1-22, October.
    18. Kedar Shiralkar & Arunkumar Bongale & Satish Kumar & Ketan Kotecha & Chander Prakash, 2021. "Assessment of the Benefits of Information and Communication Technologies (ICT) Adoption on Downstream Supply Chain Performance of the Retail Industry," Logistics, MDPI, vol. 5(4), pages 1-13, November.
    19. Ren, Yi-Shuai & Ma, Chao-Qun & Chen, Xun-Qi & Lei, Yu-Tian & Wang, Yi-Ran, 2023. "Sustainable finance and blockchain: A systematic review and research agenda," Research in International Business and Finance, Elsevier, vol. 64(C).
    20. Mubashir Hayat & Herwig Winkler, 2022. "An Analytic Hierarchy Process for Selection of Blockchain-Based Platform for Product Lifecycle Management," Sustainability, MDPI, vol. 14(21), pages 1-20, October.

    More about this item

    Statistics

    Access and download statistics

    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:osf:socarx:apsz9_v1. 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: OSF (email available below). General contact details of provider: https://arabixiv.org .

    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.