Review article

https://doi.org/10.31217/p.33.2.3

A Review of Blockchain Technology Implementation in Shipping Industry

Marija Jović orcid.org/0000-0002-9971-1579 ; University of Rijeka, Faculty of Maritime Studies, Rijeka, Croatia
Marko Filipović orcid.org/0000-0002-7642-0496 ; Rijeka, Croatia
Edvard Tijan orcid.org/0000-0002-7642-0496 ; University of Rijeka, Faculty of Maritime Studies, Rijeka, Croatia
Mlaen Jardas orcid.org/0000-0002-2696-8496 ; University of Rijeka, Faculty of Maritime Studies, Rijeka, Croatia

Abstract

This article presents a comprehensive review of the current and rising trends of blockchain technology usage in shipping industry. The definition and features of blockchain technology are provided, as well as the potential usage of blockchain technology in various areas (financial services, Internet of Things, medicine, government, etc.), in order to better understand its complexity and application. Furthermore, the major challenges of blockchain technology are shown, and the most prominent examples of blockchain applications in shipping industry are provided. The application and advantages of blockchain technology in seaports are demonstrated through several examples.

Keywords

Blockchain technology; Shipping industry; Seaports

Hrčak ID:

229259

URI

https://hrcak.srce.hr/229259

Publication date:

19.12.2019.

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