Review article
https://doi.org/10.31217/p.33.2.19
The Possibilities of Applying Blockchain Technology in Shipping
Alen Jugović
; University of Rijeka, Faculty of Maritime Studies, Rijeka, Croatia
Juraj Bukša
orcid.org/0000-0002-9121-5706
; Adriatic Croatia International Club – ACI d.d., Rudolfa Strohala 2, 51000 Rijeka, Croatia
Alex Dragoslavić
; University of Rijeka, Faculty of Maritime Studies, Rijeka, Croatia
David Sopta
; Jadrolinija d. d., Riva 16, 51000 Rijeka, Croatia
Abstract
Blockchain technology is a decentralized database which stores the registry of property and transactions using a peer-to-peer network, secured by cryptography, and over time, its history is locked into blocks of data which are cryptographically connected and secured. The blockchain technology was primarily designed for application in cryptocurrency transactions and related digital agreements. Due to its immutable and infallible record of all transactions within the network, the potential of this technology for broad application has been recognized. This paper analyzes the possible advantages of applying blockchain technology in logistics and maritime transport.
Keywords
Blockchain technology; Shipping; Transport chain
Hrčak ID:
230327
URI
Publication date:
19.12.2019.
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