Blockchain adoptions in the maritime industry : a conceptual framework
Blockchain technology has become one of the emerging technologies set to disrupt the maritime industry. Maritime companies are increasingly exploring to adopt blockchain to stay ahead of competition. However, studies on blockchain applications in the maritime sector have been scarce and most of them...
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sg-ntu-dr.10356-1555052022-03-03T06:28:46Z Blockchain adoptions in the maritime industry : a conceptual framework Pu, Shuyi Lam, Jasmine Siu Lee School of Civil and Environmental Engineering Engineering::Civil engineering Blockchain Maritime Blockchain technology has become one of the emerging technologies set to disrupt the maritime industry. Maritime companies are increasingly exploring to adopt blockchain to stay ahead of competition. However, studies on blockchain applications in the maritime sector have been scarce and most of them are confined to a specific sector like the maritime shipping sector. Therefore, this study is motivated to provide a thorough analysis of blockchain applications from the perspectives of different sectors in the industry. It also aims to develop a novel conceptual framework to provide a holistic view of blockchain adoption in the industry and guide future research. The implication analysis of blockchain adoption indicates that for industry organisations, a good understanding of blockchain and their own specific problems and requirements is key before adopting the technology. For government agencies, technical code for blockchain can be utilised to govern blockchain innovation with the same effects as legal code. Lastly, recommendations are provided to various maritime stakeholders to seize the emerging opportunities provided by blockchain and mitigate relevant risks. 2022-03-03T06:28:46Z 2022-03-03T06:28:46Z 2021 Journal Article Pu, S. & Lam, J. S. L. (2021). Blockchain adoptions in the maritime industry : a conceptual framework. Maritime Policy and Management, 48(6), 777-794. https://dx.doi.org/10.1080/03088839.2020.1825855 0308-8839 https://hdl.handle.net/10356/155505 10.1080/03088839.2020.1825855 2-s2.0-85092153067 6 48 777 794 en Maritime Policy and Management © 2020 Informa UK Limited, trading as Taylor & Francis Group. All rights reserved. |
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Engineering::Civil engineering Blockchain Maritime Pu, Shuyi Lam, Jasmine Siu Lee Blockchain adoptions in the maritime industry : a conceptual framework |
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Blockchain technology has become one of the emerging technologies set to disrupt the maritime industry. Maritime companies are increasingly exploring to adopt blockchain to stay ahead of competition. However, studies on blockchain applications in the maritime sector have been scarce and most of them are confined to a specific sector like the maritime shipping sector. Therefore, this study is motivated to provide a thorough analysis of blockchain applications from the perspectives of different sectors in the industry. It also aims to develop a novel conceptual framework to provide a holistic view of blockchain adoption in the industry and guide future research. The implication analysis of blockchain adoption indicates that for industry organisations, a good understanding of blockchain and their own specific problems and requirements is key before adopting the technology. For government agencies, technical code for blockchain can be utilised to govern blockchain innovation with the same effects as legal code. Lastly, recommendations are provided to various maritime stakeholders to seize the emerging opportunities provided by blockchain and mitigate relevant risks. |
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School of Civil and Environmental Engineering |
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School of Civil and Environmental Engineering Pu, Shuyi Lam, Jasmine Siu Lee |
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Article |
author |
Pu, Shuyi Lam, Jasmine Siu Lee |
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Pu, Shuyi |
title |
Blockchain adoptions in the maritime industry : a conceptual framework |
title_short |
Blockchain adoptions in the maritime industry : a conceptual framework |
title_full |
Blockchain adoptions in the maritime industry : a conceptual framework |
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Blockchain adoptions in the maritime industry : a conceptual framework |
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Blockchain adoptions in the maritime industry : a conceptual framework |
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blockchain adoptions in the maritime industry : a conceptual framework |
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2022 |
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https://hdl.handle.net/10356/155505 |
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