Rise, Fall, and Recovery of Blockchains in the Maritime Technology Space

Munim, Ziaul Haque; Duru, Okan; Hirata, Enna

doi:10.3390/jmse9030266

Cited by 21 publications

(12 citation statements)

References 58 publications

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“…Perishable goods are tracked via blockchain as they are moved across continents. Supply chain partners, as well as border, customs, and port officials, are all involved in these initiatives (Pu and Lam, 2020;Munim et al, 2021). Walmart is also beginning to implement blockchain across its supply chain, from cultivation, manufacturing, processing, and distribution, to warehousing and retail (Zhao et al, 2016;Bai et al, 2022).…”

Section: Application Of Blockchain In Supply Chain Managementmentioning

confidence: 99%

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Blockchain in sustainable supply chain management: an application of the analytical hierarchical process (AHP) methodology

Fernandez-Vazquez

Rosillo

Fuente

et al. 2022

BPMJ

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Purpose The analytical hierarchical process (AHP)’s main purpose is to assess higher hierarchy levels based on the cooperation of its various levels. It results in a well-designed model-based method in which the weights for the selected attribute are calculated using dimensions, criteria, and indicators. This paper aims to highlight the benefits of blockchain in supply chain management with the help of a literature review along with opinions of experts from various sectors.Design/methodology/approachWith the goal of enhancing the use of blockchain technology in supply chain management, particularly when comparing within the same industry, the AHP methodology has been used. In order to develop the AHP model, a total of eight elements are examined in this study, which are decentralization, resiliency, security, smart contracts, sustainability, traceability, transparency and trust. A calculation of a Desirability Index for conventional supply chain and blockchain-enabled supply chains has been also developed.FindingsFindings where that in a blockchain-enabled supply chain, the global weights of individual benefit variables are considerably larger than in conventional supply chains. When the score of the Desirability Index for conventional supply chain and blockchain-enabled supply chain is compared, the blockchain-enabled supply chain significantly surpasses the conventional supply chain in terms of increasing sustainable development in today’s supply networks.Originality/valueThis study takes into account the AHP methodology applying it on blockchain. This has not been done before in the academic world, at least as far as the authors may be aware of. The originality of combining such process with a recent technology such as blockchain highlights the value of this research.

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Section: Application Of Blockchain In Supply Chain Managementmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

Blockchain in sustainable supply chain management: an application of the analytical hierarchical process (AHP) methodology

Fernandez-Vazquez

Rosillo

Fuente

et al. 2022

BPMJ

View full text Add to dashboard Cite

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“…in shore control centres and other shore-based infrastructures) (Bolbot et al 2020), we argue that current maritime practices should be adjusted to suit the evolving scenario of autonomous shipping to maintain the sustainable future of the maritime industry. Going forward, increased implementation of Internet-of-Things (IoT), based on blockchain technology platforms for managing operations, might mitigate vulnerability to cyber security to some extent (Munim et al 2021).…”

Section: Implications For the Maritime Industrymentioning

confidence: 99%

Cyber security risk assessment in autonomous shipping

et al. 2022

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Autonomous ships would require higher cyber-physical interaction in comparison with traditional shipping operations, thus increasing the vulnerabilities associated with cyber security. The increasing complexity surrounding the innate characteristics of the shipping industry makes it challenging to build a resilient framework for ensuring cyber security. This study proposes a multi-criteria decision-making (MCDM) framework for assessing cyber security risk in the autonomous shipping context. The research was validated through surveying subject matter experts, system designers and seafarers. Different types of equipment and systems are ranked based on their perceived vulnerability to cyber threats. Survey data from 28 subject matter experts are collected and analysed through the Bayesian best-worst method (BWM). At system level, the results indicate that navigational systems are the most vulnerable to potential cyber threats, while propulsion systems are the least vulnerable element in the context of future autonomous shipping operations. On a subsystem level, the three most vulnerable parts are Global Navigation Satellite System (GNSS), Electronic Chart Display and Information System (ECDIS) and the communication devices on shore control centres (SCC), while the least vulnerable parts are engine controls, SCC integration platforms and cargo handling at ports.

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“…Munim et al [19] identified the main challenges in the practical application of BC in the maritime sector as lack of standardization of data elements, lack of interoperability and scalability between systems, delay in legislation, lack of understanding of the technology, and lack of training facilities and materials. PiChain is facing the same challenges as it uses BC technology.…”

Section: A Case Study Of Pi and Blockchain Technology For Smart Portsmentioning

confidence: 99%

Shipping Digitalization and Automation for the Smart Port

Hirata¹,

Watanabe²,

Lambrou³

2022

Supply Chain - Recent Advances and New Perspectives in the Industry 4.0 Era

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Shipping, like most industries, is undergoing a digital transformation process which influences existing business models and operational practices, in a multifaceted way. Today, the shipping business context has been changing to incorporate further social demands, environmental, innovation and sustainability priorities, into fundamental shipping strategies, while taking advantage of technological advancements. In the era of Industry 4.0, which constitutes a recent evolution of advanced communications and information technologies and further promotes sustainable, human-centric, and resilient business development strategies, shipping and port entities need to embrace a broader perspective and a deeper understanding of various elemental technologies, namely: Artificial Intelligence, Blockchain, Cloud Computing, Big Data, and Physical Internet, in addition to core maritime logistics matters. This chapter proposes a descriptive framework of shipping digitalization and port automation, while providing a review of related technologies and business approaches, also international initiatives, for automation in global ports. Hence the chapter offers insights for business practitioners to steer through the current challenging global environment, also for policy makers to gain a more informed understanding of maritime logistics developments, towards necessary coordination and oversight mechanisms implementation.

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Rise, Fall, and Recovery of Blockchains in the Maritime Technology Space

Cited by 21 publications

References 58 publications

Blockchain in sustainable supply chain management: an application of the analytical hierarchical process (AHP) methodology

Blockchain in sustainable supply chain management: an application of the analytical hierarchical process (AHP) methodology

Cyber security risk assessment in autonomous shipping

Shipping Digitalization and Automation for the Smart Port

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